MLB makes case for getting cut of betting action

MLB makes case for getting cut of betting action

October 11, 2018 10:04 AM
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Major League Baseball (MLB) made its case for getting a cut of betting action on its games at a contentious G2E panel discussion Wednesday.

Kenny Gersh, MLB’s executive vice president of gaming, told the casino executives that a proposed 0.25 percent fee, which some have dubbed an "integrity fee" is really a royalty payment that casino companies should provide if they are going to make money off of the sport. He said it’s a matter of "fairness" and partnership with casino operators.

The panel, entitled “Overview: The Business of Sports Betting,” was hosted by ESPN TV personality Scott Van Pelt, who earlier had been the featured speaker in an interview conducted by Sara Slane, American Gaming Association (AGA) senior vice president of public affairs.

Slane, who argued the AGA position that the major sports leagues can make money from sports betting through sponsorship and increased television ratings said, “You want a cut of the revenue without any of the risk.”