NFL, NBA, Pro Leagues Could Profit on Legalized Sports Gambling
The National Football League, National Basketball Association, and other professional sports leagues may be able to cash in on the potential legalization of sports betting.
In anticipation of a U.S. Supreme Court ruling that could undo a federal bar against state-sanctioned sports gambling, states are proposing legislation that would pave the way for betting on professional sports in casinos and elsewhere. The NBA and Major League Baseball participated in discussions regarding a bill making it’s way through the Indiana Legislature, Rep. Alan Morrison (R), a sponsor of the House version of the bill, told Bloomberg Tax.
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“I think there is no doubt that the leagues will now pursue this concept, especially those willing to engage on this topic such as the NFL, they will have that as part of their lobbying effort in the states where the discussion of legalization is happening,” Dennis Ehling, partner with Blank Rome LLP in Los Angeles, told Bloomberg Tax.
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"NFL, NBA, Pro Leagues Could Profit on Legalized Sports Gambling," by Victoria Graham was published in Big Law Business on January 24, 2018.