Why pro sports are rethinking bans on betting

“I don’t think this is so much baseball’s evolution on the issue as much as it’s a recognition of the reality that’s occurring.”

 Major League Baseball Commissioner Rob Manfred said last week he was re-examining baseball’s ban on wagering, which dates back nearly a century to the 1919 Black Sox Scandal. Other sports leagues, however, remain leery about gambling

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Several experts in sports law and economics believe wagering on sports will be legalized in coming years because team owners have no other choice, especially when the NFL — a TV ratings juggernaut — saw a drop in viewers this season.

Manfred didn’t disclose what options were being considered as part of the review, and an MLB spokesman wasn’t aware of any timetable for when a decision may be reached. A 2015 estimate from the American Gaming Association shows that $150 billion is illegally wagered annually at offshore casinos and local bookmakers, among other places. Gamblers wagered almost $5 billion just on last weekend’s Super Bowl.

In another twist, New Jersey is challenging restrictions on sports betting in the 1992 Professional and Amateur Sports Protection Act (PASPA) in federal court. “Many were skeptical that New Jersey would ever be able to convince the Supreme Court to hear the case. And the National Hockey League has opposed efforts to legalize sports betting both in the U.S. solicitor general, who represents the government in cases before the court, to submit its position on the law and whether the high court should hear the case.

Slowly but surely, professional sports leagues are warming to the idea of fans gambling on their games, largely as a way to connect with them in a digital world that makes it increasingly hard to get their attention.

“The NCAA is at risk for corruption in a way that the NFL isn’t because the NFL is paying even their lowest-paid guys $450,000,” said Victor Matheson, a sports economist at the College of the Holy Cross, while college athletes don’t receive any monetary compensation.

“Sports betting happens,” Manfred said at a Yahoo Finance conference. If the court reviews the case, it’s probably more likely than not that the federal law will be invalidated on constitutional grounds, and that will open everything up.”

. The change, however, may be gradual.

But both leagues have plans to put franchises in Las Vegas and have partnerships with operators of daily m88 sportbook fantasy sports sites, as does MLB. National Basketball Association head Adam Silver embraced the idea of sports gambling in a New York Times op-ed in 2014. All Rights Reserved. “Whether it’s legalized here or not, it’s happening out there.”

National Football League Commissioner Roger Goodell noted during the recent Super Bowl that the nation’s most popular sport needs to “make sure that there’s a fine line between team-sports gambling and the NFL” to protect the integrity of the game. According to Wallach, the Supreme Court recently invited the U.S. That’s when mistreated Chicago White Sox players acted in cahoots with gamblers to purposely lose the World Series.

That was a usual move and indicates that the court is interested in taking the case, he said.

As Jodi Balsam, an associate professor at Brooklyn Law School, put it: “They’re confronting a new digital world order in which their reliable revenue streams may be shrinking.”

“That was a game-changer,” Wallach said. and Canada. 

The NCAA also remains opposed to sports betting because it “threatens both the integrity of the game and the well-being of student-athletes,” according to spokeswoman Emily James. At the time, Manfred expressed support for Silver’s column.

Sports gambling is illegal in most states, though the prohibition is widely ignored. … An NFL spokesman declined to comment beyond Goodell’s statement, and a spokesman for the NHL couldn’t be reached.

“Baseball has been largely silent on the issue since then,” said Daniel Wallach, a sports law expert at the Florida law firm Becker & Poliakoff


Verona S. Pickens

Verona S. Pickens

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Verona S. Pickens

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