SSAC15: Book It: Legalizing Sports Betting

Panel from the 9th MIT Sloan Sports Analytics Conference, February 27-28, 2015, Boston, MA

Gambling’s place in American sports has changed over the decades. What used to be considered taboo has now become a driver of interest and ratings and has begun to change gambling’s role in the sports world. Network television broadcasts mention gambling lines during games, media giants dedicate websites to gambling analysis and NBA Commissioner Adam Silver even took to the New York Times to write an op-ed about the subject. League views on the issue are beginning to change as they consider (with varying degrees of reluctance) the inevitable – gambling drives ratings and, if regulated properly, it may have a place in sports. It’s not just the sports leagues (and companies whose revenue relies on them) that are starting to notice. Gambling has become such a large industry that states such as New Jersey are now pushing for what has always been a Las Vegas game – legalized, regulated and taxed sports gambling. So, what are the implications of this inevitable trend? This discussion explores the trends and potential implications of broadly legalized sports gambling, exploring its effect on local economies, law and regulation and the leagues themselves … all while maintaining the integrity of the games we love.

[kpuppy]

i work for sportsbook in Australia, the system we have here is very good when comparing it around the world. One misconception is on leagues taking cuts of the 'pie' this does not happen ''yet''. Horse racing and greyhound racing is massive over here and those organisations (like Victoring Racing, NSW Racing etc) ask for a percentage of turnover. This money pays for statistics, form guides and silks for sportsbook websites. the NRL (like NFL) and AFL are now trying to do this. they are asking for around 1% in turnover. This will not work as many sportsbook only make 1-5% on these sports (5% ''vig''). To the NBA commissioner, DO NOT TAKE THIS PATH. it makes sportsbook hate you and stopped advertising money. Over here every single major sport is sponsored by a sportsbook. NRL/AFl/Cricket and Football make millions and billions of sponsorship which the sportsbook's are happy to pay, they ARE NOT HAPPY TO PAY COMMISSION

[keevancrawford]

Will be a hard fight. Financial Institutions would not want to invest in sport speculations. Sports are regulated more tightly than the financial entities

[rentslave]

The Jews are afraid of me, as I know things about baseball betting that IBM's Watson doesn't even suspect.

[tarikkhan]

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[djohuguesalloue]

hi everyone, if anyone else wants to discover best sports betting strategy try Skyarza Play Picks Star (Have a quick look on google cant remember the place now ) ? Ive heard some pretty good things about it and my mate got cool success with it.