Said Silver on FiveThirtyEight’s Hot Takedown podcast: “My view is that daily fantasy should be a regulated industry in New York and elsewhere, and I think ultimately that should be a decision for the voters.”
Silver is the first head of a major sports league to comment on the ongoing DFS controversy, and the most outspoken advocate of legal sports gambling. He made his opinion first known in October, when he told ESPN that the NBA is not considering “withdrawing or backing off our relationship with the [DFS] industry”, and that “it’s something that we’re deeply engaged in on the broader subject of daily fantasy-slash-sports betting.” He also had written a New York Times piece about why sports betting should be legalized shortly after entering into an equity deal with FanDuel.
The most pressing question in American gambling laws right now is whether DFS is a game of skill, or of chance. Silver declined to discuss whether he believes that DFS constitutes as gambling or not, but did say that the legalization and regulation of both DFS and sports gambling would be in the best interest of major sports leagues.
Said the NBA commissioner: “One of the reasons I’ve been pushing to legalize sports betting is not because that I’m necessarily an advocate of sports betting, it’s because all the research shows that it’s a multi-hundred-billion dollar business just in the United States right now.”
“In terms of the integrity of the sports league, it’s only bad news for us when it continues to remain underground… [to] the extent there are fantasy sites or flat-out betting sites, where consumers identify themselves by putting credit cards in and then can be tracked the same way the stock market can track buying and selling, then that’s much healthier for the leagues.”
Despite still facing an upward challenge from the US government, NBA Commissioner Adam Silver is confident that sports gambling is about to become a reality pretty soon. He is assured that the league won’t be downgraded as some sceptics have stressed, but rather it will benefit and more importantly profit from the new undertaking.
Boston.com: NBA Commissioner Envisions Legalized Sports Gambling
Latest gambling news reports that Silver is determined many states that are currently experiencing financial difficulties will want to follow the model set by Nevada. The gaming state allows sports betting and is showing a steady growth.
Silver commented how gambling in sports is simply inevitable and the negative economic climate will dictate a need for a new revenue source. Considering just how lucrative the business is, it is easy to see why the Commissioner believes it will benefit them and the league.
“It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that. If you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more engaged in it. That’s where we’re going to see it pay dividends.”
Silver brings a fresh approach to the question of sports gambling to the NBA, as the league didn’t seem too fond of the plan before he came to his position. The previous Commissioner David Stern disapproved of the idea and many other objectives that were proposed by Silver before.
However, now it seems that Silver’s aims may come to fruition should everything work out according to plan. He indicated that NBA teams already have the right to enter marketing deals with casinos, so sports gambling should be the next step.
“If people are watching a game and clicking to bet on their smartphones, which people are doing in the United Kingdom right now, then it’s more likely you’re to stay tuned for a long time.”
Bloomberg: NBA’s Silver Says Legal Sports Gambling in U.S. is Inevitable
Adam Silver wants the National Basketball Association (NBA) to profit from the fresh idea of sports gambling. On previous occasions the NBA seemed reluctant to allow the business to form into reality as they blocked New Jersey from introducing sports betting as a business.
Despite the fact that the NBA did not support New Jersey Governor Chris Christie in his intentions of introducing sports gambling, the league is looking to profit from the broadening of legal sports betting in US. “It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that.”
Silver has been part of the NBA for over two decades and managed to take over from the spot of former Commissioner David Stern in February of this year. He asserts that he doesn’t see anything morally wrong with sports betting, and highlighted that teams already make marketing and licensing deals with casinos, therefore the NBA would only profit from it.
ESPN: Adam Silver: Betting is Inevitable
Unlike previous indications made by the world’s best basketball league, sports betting is looking to become a reality according to new NBA Commissioner Adam Silver. He is convinced that it is “inevitable” as it is only a matter of time before it happens.
Merely two years ago, the NBA joined the rest of the professional sports leagues in the US in efforts to prevent an Eastern state from offering any sports betting activities. The NBA, NCAA, MLB, NFL and NHL were all part of a group that blocked New Jersey from pursuing their sports gambling aspirations.
In a court room hearing former NBA Commissioner David Stern criticized New Jersey Governor Chris Christie for lack of morality and only being interested in money. “The one thing I’m certain of is New Jersey has no idea what it’s doing and doesn’t care because all it’s interested in is making a buck or two. They don’t care that it’s at our potential loss.”
The NBA managed to have their way in court as the Department of Justice also weighed in on the matter which eventually led to the judge ruling in their favor and dismissing New Jersey’s hopes of sports betting. Nevertheless, the state is pursuing its ambitions to legalize the business, and considering the recent change in NBA leadership that may very well happen.
The Washington Post: The NBA went to court to stop expanded sports gambling. Now Commissioner Adam Silver says he’s fine with it
According to gambling news, New Jersey pushing hard to implement sport gambling in the state, however it got pulled on the side by a group professional sports leagues. Two federal courts took the side of the league and prevented New Jersey from fulfilling its aims. The state tried to have a hearing with the US Supreme Court, but they got declined in June.
At the time when the NBA was against the introduction of sport betting, David Stern was the Commissioner of the league. However, now things have changed quite a bit considering the new and completely opposite stance that the NBA is taking.
New Commissioner Adam Silver assumed his new position as the head of the league and has expressed support for sports gambling. He asserted that the NBA stands to benefit from the spreading of sports betting in the US, despite not backing New Jersey Governor Chris Christie.
Christie is an avid supporter or sports gambling, however recently he stated that the state should follow federal law. He said the New Jersey needs to “determine if a different approach towards sports wagering would comply with federal law.”
He also added, “While I do not agree with the Circuit Court’s decision, I do believe that the rule of law is sacrosanct, binding on all Americans. That duty adheres with special solemnity to those elected officials privileged to swear and oath to uphold the laws in our nation.”