Richard Justice uses remarks by Rob Manfred to note how sports are moving ever so slowly to support legalized gambling:
“There is this buzz out there in terms of people feeling that there may be an opportunity here for additional legalized sports betting. We are re-examining our stance on gambling. It’s a conversation that’s ongoing with the owners.”
Manfred made these comments at the Yahoo Finance All Markets Summit in New York. He had not gone this far in previous public comments, and he acknowledged it simply was a discussion that needed to take place.
“Sports betting happens,” Manfred said. “Whether it’s legalized here or not, it’s happening out there. So I think the question for sports is really, ‘Are we better off in a world where we have a nice, strong, uniform, federal regulation of gambling that protects the integrity of sports, provides sports with the tools to ensure that there is integrity in the competition?’
“Or are we better off closing our eyes to that and letting it go on as illegal gambling? And that’s a debatable point.”
Well said. I suspect, however, that any support for legal gambling comes with a tax that somehow makes it’s way back to the sport. On the the other hand, given the expertise of the programmers at MLBAM, MLB just might corner the market on online sports betting! Either way, sports likely see this as a great revenue stream, and now they are willing to tap it.
from baseballmusings.com http://ift.tt/2kbA1UA
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