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Legalization of Sports Betting - with video

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by

Aileen Hinsch

on 20 April 2015

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Transcript of Legalization of Sports Betting - with video

SPORTS
Understanding the Evolving Stance of Sports Leagues on the Legalization of Sportsbetting
Dan Spillane
Vice President & Assistant General Counsel, National Basketball Association
Jeff Ifrah
Partner, Ifrah Law PLLC
Adam Krejcik
Managing Director,
Digital and Interactive Gaming, Eilers Research LLC

Senator Raymond Lesniak
D–Elizabeth, N.J.
BETTING
Plaintiffs

"…the spread of sports gambling would engender the very ills that PASPA sought to combat"
Plaintiffs

“…proven stigmatizing effect of having sporting contests associated with gambling"
Defense

“…now the Leagues have switched positions.”
Critics Argue Wrong Direction
Federal Solution
“The NFL has a lock-down in Congress.”
– Senator Raymond Lesniak, April 2015

"Adam Silver gets it right…I do believe that there should be federal regulation."
– Senator Raymond Lesniak, April 2015
“One of my most important responsibilities as commissioner of the N.B.A. is to protect the integrity of professional basketball...”
– Adam Silver, New York Times Op-Ed, November 14, 2014
Wembley Stadium
2014…Three sold out NFL games
2015…Three more games planned – nearly sold out
More $$ expected on UK NFL wagers than ever in 2015

Reaction NBA Support
$164b (est.) wagered on sports in 2013
97% through illegal bookmakers and offshore websites


Source: Eilers Research
Can Daily Fantasy survive a
U.S. regulated sports betting market?
Sports Wagering in U.S.
November 14, 2014

NJ’s Sports Wagering Law

found to violate PASPA


What will Legalized Sports Betting Look Like?
New Name
Tax Revenue
Land-Based or Online
Congressman Frank Pallone, Jr.
D-New Jersey (6th District)
Full transcript