Monday is a historic day in American sports with the Supreme Court clearing the way for us to legalize sports gambling. Over the past four years, the NBA has been at the forefront of the march towards this moment.
What does it mean?
The majority of teams have sponsors and / or casino owners with casino ties. Phoenix Suns play in the arena with the right of naming the casino. Money has been flowing to the team for a while. But there will be new opportunities, especially through jersey ads. They are practically designed to promote casinos for in-game bets. Approximately two-thirds of the Premier League teams in the UK have large casino sponsors, some of them right in uniform. It can be a big profit center.
The league is trying to get the right betting window or mobile app. The NBA spends a significant amount of money lobbying the legislature to earn "royalties" in bets. It's a little surprising, but it's a little surprising.
After a slight increase in hats this season, the NBA projected a salary cap to expand by $ 7 million in 2019. The league has not been explained for several reasons, but some of it may include some anticipated new gambling-related revenue.
It may take a year or two to get to an extra cash flow operation to the NBA.
There will be considerably increased transparency, and the team may have to announce it before. The NFL, who knows where the bread is, has done this with reports of injuries and reports of practice for years. The NBA has started the process, although the team still occasionally exacerbates the injury to cover up the rest. The screws will be tightened. Too much money involved.