Professional and Amateur Sports Protection Act<\/a> (PASPA), the federal ban passed in 1992 that’s being challenged by the State of New Jersey. Garden State lawmakers argue the law violates the US Constitution, and during the December hearing, many in the courtroom believed a majority of the nine justices might agree.<\/p>\nThe One Percent<\/b><\/h2>\n
Nevada, the only state that takes full advantage of its PASPA immunity, took in $4.5 billion in wagers in 2016. When final numbers for 2017 are released, that number is expected to eclipse the $5 billion mark for the first time.<\/p>\n
The Nevada Gaming Control Board breaks down sports pool wins by sport, but doesn’t divulge total handle numbers. The NBA is looking to take its one percent off the handle, not the win, meaning it’s nearly impossible to determine precisely just how much the integrity fee proposal is worth in even Nevada alone.<\/p>\n
Estimates on how much money is illegally bet on sports each year in the US vary wildly. The AGA believes it’s as much as $150 billion. If that’s true, and say the NBA accounts for as little as just five percent of all wagers, one percent would still equate to $750 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
The NBA told the New York Senate Committee on Racing, Gaming, and Wagering yesterday that if the state legalizes sports betting, the league would demand a one percent cut on each bet placed on its games. Appearing in the Albany capital, NBA attorney Dan Spillane testified that the one percent fee would be used to […]<\/p>\n","protected":false},"author":42,"featured_media":68173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,61,16,1074],"tags":[],"acf":[],"yoast_head":"\n
NBA Looks to Score off Sports Betting, Demands One Percent Cut<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n