Sports betting has become a mainstay of nearly every professional and amateur sport that exists, and the Supreme Court is now overlooking a potential legislation that may make the form of gambling legal in all of the states. However, as the courts make their final decision on whether or not to legalize betting, associations such as the MLB and NBA are looking to get their cut of the profits, by imposing integrity fees that could destabilize betting platforms.
Key Takeaways:
- Sports betting will be legal in every U.S. state, if the supreme court overturns the Professional and Amateur Sports Protection Act made law in 92.
- Many casinos had plans in line to add sports books to their casinos, in anticipation of the law strike down.
- Indiana and Missouri are considering bills that would make sports betting legal, while also instituting a fee for the NBA and the MLB.
“What could derail the plans by casinos to have sports books is the insistence by MLB and the NBA to have a 1 percent integrity fee on the total handle of what is wagered.”
Read more: https://www.onlinegambling.com/news/2018/02/integrity-fees-pushed-mlb-nba-hurt-sports-betting/
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