NBA is All for Legalized Sports Betting on One Condition: It Gets a Cut

Written on:March 6, 2018
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With sports betting starting to be seen as a more legitimate industry, and the Supreme Court looking into likely legalizing the processes some time this year, those involved in the sporting world are attempting to stake their claims to get a cut. One organization that has been vocal of their support is the NBA, however, with a small caveat. The NBA supports legalized sports betting so long as they are able to get a piece of the pie.

Key Takeaways:

  • The US Supreme Court looking to overturn regulations that make sports betting illegal.
  • Various organizations and associations are now looking at how they can get their cut.
  • The NBA is in support of sports betting as long as they get a percentage cut of the pie.

“But although the NBA is moving towards a position that favors legalized sports betting, the league wants a 1 percent cut of all money wagered.”

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