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NBA Lays Out Gambling Plan, Seeks a Percentage of Bets

Basketball Insiders Sports Editor

Updated5 hours ago on April 26, 2024

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In what could end up being a seminal moment for sports gambling in America, the NBA on Wednesday formally requested a set of laws that could be the basis for professional sports leagues pushing for national legalized wagering on games.

Dan Spillane, an attorney for the NBA, testified in front of a New York State Senate committee and for the first time made it clear what the league’s price would be to become a partner in legalizing the multibillion-dollar industry. The NBA wants 1 percent of every bet made on its games in addition to other regulations, a request that could create massive revenue for the NBA and other sports leagues in the future.

Source: Brian Windhorst of ESPN