NBA Television Contract Would be Worth Triple If Sports Betting Were Legalized
A Breitbart News source tells the Web publication that, should sports betting on the NBA be permitted under US law, the National Basketball Associations Television contract would easily triple.
At the start of the current NBA season, that league’s Commissioner Adam Silver raised eyebrows with his sudden about-face stance embracing legalized sports betting. At the same time, however, the NBA was named as a complainant in a lawsuit trying to prevent the state of New Jersey from allowing the activity.
From Breitbart News:
“The NBA could easily make three or four times more than the television contracts off of the gambling profits,” estimates the source. The source tells Breitbart Sports the public endorsement of sports gaming by the commissioner plays as one part of a multi-pronged approach taken by the association towards recouping profits made off its product by bookies.
The observations come on the heels of a report by the Sports Betting Commission. Citing “positive and progressive” support for gambling by sports organizations, the UK site focused on the international gambling industry indicated increased efforts to lobby for legalized online sports betting in the United States in 2015.
- Don Shapiro, Gambling911.com
