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American pro sports leagues hedge their bets on legal gambling

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American pro sports leagues hedge their bets on legal gambling

In court, all four major U.S. sports leagues are fighting New Jersey’s challenge to the federal ban on sports gambling, which the Supreme Court will hear next month.

 

Outside of court, leaders of three of the four leagues have made public comments that suggest they wouldn’t mind losing the case. Only the NFL has been steadfast in its opposition to gambling, a stance that critics see as hypocritical, especially as the Raiders plan a move to a billion-dollar stadium just off the Las Vegas Strip.

As the Supreme Court prepares to hear a case that could lead to the federal ban on sports betting being struck down, the leagues are hedging their bets — preparing for a future of expanded gambling and hoping to have a say in how legalization takes effect.

The NBA and Major League Baseball see gambling as something that could enhance fan interest and open up new revenue opportunities. However, the leagues insist that appropriate regulations should be put in place to prevent corruption — something that a court ruling in New Jersey’s favor wouldn’t do, at least not right way.

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Much has changed since 2012, when the leagues and the NCAA sued New Jersey Gov. Chris Christie to stop him from legalizing sports betting at the casinos and racetracks in his state. At the time, MLB and the NBA were led by old-school commissioners who bore the scars of gambling scandals in their leagues, including Pete Rose in baseball and referee Tim Donaghy in basketball. Baseball’s Bud Selig said in a deposition that gambling was “evil, creates doubt and destroys your sport.”

Selig and the NBA’s David Stern have since been replaced, respectively, by Rob Manfred and Adam Silver, both of whom have taken a fresh look at gambling.

Silver argued three years ago in a New York Times op-ed that sports gambling should be legalized. Manfred said earlier this year that gambling “can be a form of fan engagement, it can fuel the popularity of a sport” — and he raised the prospect of people betting during games on whether the next pitch will be a strike. He’s also said MLB wants a seat at the table if Congress considers legalization.

NHL commissioner Gary Bettman has said gambling isn’t a major concern because so little money is wagered on hockey compared to other sports. The NHL this season became the first major U.S. league to place a franchise in Las Vegas, where sports gambling is legal, and the NFL will follow in 2019. For the past several years, the NFL has also played games in London, where people can bet on sports online. Commissioner Roger Goodell has conceded that his position on the issue has “evolved.”

I think there are multiple signs of the sports leagues, including the NFL, taking a fresh look at this issue. You don’t place a team in Nevada, in Las Vegas, without an understanding that the issue is changing. Frankly, you don’t play games in Wembley Stadium, where most of the people in the stands are betting on their phones during the game, without an understanding that things are changing,” Geoff Freeman, CEO of the American Gaming Association, told The Associated Press. “For those that want to see sports betting, the trajectory is in their favor.

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The NFL teams have invested in daily fantasy sports even though the NFL itself hasn’t. It’s just so inconsistent,” Pallone said. “How do you make the case and say that’s not gambling?”

New Jersey is challenging the constitutionality of the federal ban on sports betting that Congress approved in 1992. The ban only allowed sports betting in the four states that had previously authorized it, and only Nevada’s law at the time allowed bets on individual games. In Delaware, casinos offer parlay bets on NFL games.

I go through Delaware and they allow it, and I come to my own state and they’re not allowed to do it. It’s just ridiculous,” Pallone told AP. “I think there’s a good chance that the court is going to say you can’t say to one state they can have sports betting and another state that they can’t, and then dictate what state has what.

Opponents maintain that state-sponsored gambling preys on vulnerable people and creates a variety of social ills. A coalition of anti-gambling and religious groups argued in a brief that legalized gambling would open the door for casino companies to further “target and exploit the financially desperate, exacerbate crime, cultivate addiction, and force even those citizens who rarely or never gamble to foot the bill for the enormous social costs and state budget problems they leave behind.”

While legal sports books could entice more people to place bets, the practice is already widespread. The AGA estimates that Americans bet $150 billion on sports annually, and only 3 percent of those bets are made legally.

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The technology that allows more people to place bets has also enabled data collection that makes game-fixing more difficult because suspicious betting patterns can be seen in real time. With most pro players making millions, it’s unlikely they would risk careers and jail by throwing games.

Game-fixing is much easier to stop and prosecute in countries with legal betting than in places without it, said Andreas Krannich, an executive at Sportradar, a London-based gambling security firm.

“In a well-regulated market, the risk of manipulation is less,” Krannich said, because bookmakers “participate in the detection and the follow-up of criminal cases.

The leagues are concerned that the Supreme Court could allow sports gambling to become legal without those protections in place. NBA spokesman Mike Bass said the league “prefers a comprehensive federal approach to legalized sports betting, as opposed to a hodgepodge of state-by-state laws.

If the court rules against the leagues, it would be up to the states to regulate gambling themselves until Congress steps in.

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The integrity of the games — and I know from my discussions — is the No. 1 priority of the leagues,” Freeman said. “We share that desire for integrity. I think increasingly, people recognize that the surest way to guarantee integrity is in a regulated market.”…

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Source: EEGaming.

Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

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Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.

“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.

Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.

Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.

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