NBA's Silver still pushing for bet fee

NBA's Silver still pushing for bet fee

April 24, 2018 3:00 AM
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NBA commissioner Adam Silver is establishing himself “in the paint” and hoping to get prospective U.S. bookies to “take a charge” by reiterating late last week he wants the NBA to receive compensation if sports betting is expanding nationally.

The sports betting world is awaiting a Supreme Court decision that could force the repeal of the federal law currently banning single-team sports wagering in every state, except Nevada.

Silver, appearing on ESPN’s new morning show, “Get Up!,” said, “We’ve joined the fray… and we have a position. We think we should be compensated in certain ways for the additional costs we’re going to incur through various integrity measures.”

In February, Silver floated a one percent “integrity fee” for all wagers on its games. Industry observers note that most prospective national bookmaking companies believe such a fee is far too high in a low margin business. Nevada’s established bookmakers currently do not pay a fee to any league to accept bets on its product. However, significant fees are paid to broadcast rights holders in order to allow casinos and their sports books to show games to customers on television.