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re: Supreme Court Fallout: NCAA suspends no championships where sports betting is legal policy
Posted on 5/17/18 at 9:55 am to slackster
Posted on 5/17/18 at 9:55 am to slackster
quote:
All these leagues think they'll get in on this action, but I simply don't see it. What leverage do they have?
It's happened in other countries, and it's already happening in West Virginia. They call it the "integrity" fee or tax.
quote:
West Virginia’s Gov. Jim Justice says state casinos will be responsible for paying sports betting “integrity fees” if a new law comes to fruition.
Justice says in a news release that representatives of the state lottery, professional sports leagues and casinos reached a tentative agreement on the fees. The statement didn’t provide details of the agreement.
The NBA and Major League Baseball have been asking states to give them 1 percent of the total amount wagered on their games.
LINK
3
Posted on 5/17/18 at 9:59 am to Jwho77
quote:
The NBA and Major League Baseball have been asking states to give them 1 percent of the total amount wagered on their games.
What incentive is there for the states to do this? Obviously the leagues aren't going to stop playing games if they don't. Do the leagues somehow have the power to not allow the casinos to take bets on their games?
Posted on 5/17/18 at 10:32 am to Jwho77
quote:
It's happened in other countries, and it's already happening in West Virginia. They call it the "integrity" fee or tax.
Yeah I know they'll try and they're using that BS label, I just don't see why a state would capitulate.
Posted on 5/17/18 at 11:13 am to Jwho77
quote:
The NBA and Major League Baseball have been asking states to give them 1 percent of the total amount wagered on their games.
And if states like WV and MS won’t? Not like any of the leagues have teams in those states. And they cannot pull television rights. The sponsors would go nuts. Leagues want their cut, but they fought this for years and years. If they had worked with the states to get this done they would have had a lot more leverage. They have no leverage now.
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