NBA Commissioner Wants Sports Betting Legalized Throughout U.S.
In September we reported on the NBA Commissioner Adam Silver back tracking on his opinion of legalizing sports betting in the US. The much talked about legal battle between the major sporting bodies like the NBA and the State of New Jersey has got serious ramifications for the US gaming market. The major sporting bodies up to now were widely against legalizing sports betting as they claim it will damage the integrity of the game.
In a New York Times op-ed published on Thursday NBA Commissioner Adam Silver came off the fence and called on the U.S. Congress to pass legislation that would regulate and legalize sports betting throughout the U.S.
Silver believes that there already is illegal sports gambling going on which some estimate it to be worth over $400 billion annually. Silver like many others believes by legalizing sports betting the U.S. economy will benefit from the tax revenues and industry jobs that comes along with that.
He wrote,” I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated.” While Silver openly called for legalization he still is adamant that the necessary measures needed to be put into place to ensure age verification as well a a system to identify problematic gamblers.
He also addressed the major sporting betting’s concerns over maintaining the integrity of the games. Silver said,” Let me be clear: Any new approach must ensure the integrity of the game.”
Silver believes that the Federal government has to step in and adopt nationwide legislation as otherwise New Jersey’s legal efforts to bypass the courts may well be unlawful and “bad public policy.”