Former NBA commissiossioner David Stern hopes to see legal sports betting expand in the United States

Former NBA commissioner David Stern said Thursday that his position has evolved to a point where he now hopes to see legal sports betting expand in the United States.



Stern was speaking to a crowd at the American Gaming Association’s Global Gaming Expo on Thursday in Las Vegas. He said that the notion that gambling will lead to bad things is outdated.



Let’s not talk about the ‘evils’ of gambling when it comes to sports. The industry has come to accept that a properly run gaming association will be protective of sports,” Stern said.



The AGA estimates $90 billion will be bet on football this season, almost all of it illegally. In comparison, only $1,69 billion was bet on football in 2015 at Nevada’s regulated sportsbooks.

You wind up with a proposition that says there is this legal gaming, but there’s also an enormous amount that is wagered. That amount is not regulated, not taxed, and the profits go to unsavory causes, and that’s a good thing to take a look at.”

Recent Posts and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

19 hours ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

3 days ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

3 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

4 weeks ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago