NBA, MLB actually had the gall to ask N.J. for sports betting tax
April 20, 2018 9:44 AM
by Brett Smiley
This is one so rich with irony I’m having a difficult time staying seated. Proving that they are beyond shame when it comes to sports betting, the NBA and MLB engaged New Jersey officials in recent months to discuss how the leagues would like to see sports betting conducted in the event that federal law allows New Jersey to go ahead and license sportsbooks.
And how might legal sports betting in New Jersey happen? If New Jersey beats the NBA, MLB, NCAA and other professional sports leagues in Murphy v NCAA (formerly Christie v NCAA), the Supreme Court Sports Betting Case, in which the leagues are fighting to preserve the federal ban on sports wagering outside Nevada! According to reports by Politico New Jersey and NJ.com, the leagues met with members of new N.J. Governor Phil Murphy’s administration to, roughly, push the same talking points regarding a “betting right and integrity fee” and control over data.
“But legislative leaders have balked at the leagues’ request for a fee, three sources with knowledge of the situation told NJ Advance Media,” reports Brent Johnson of NJ.com. “One source called the proposal ‘laughable.’”
Johnson reports that “the leagues first asked for a 1 percent cut” on all wagers” off the top, which amounts to about 20-25% of sportsbook operator revenue. “But are now willing to negotiate to a lower number, according to a person with direct knowledge of the leagues’ thinking.’”
Check out sportshandle.com for the full article.