Maybe, but money’s always talked. And when it comes to sports and gambling, it talks pretty loudly.
In his argument, Silver cited several key cultural trends: the proliferation of legal casinos and lotteries across the country, the ease of gambling on sports in other countries like Britain (where you can bet on games on your phone), and the huge amount of money (estimated to be somewhere between $80 and $380 billion annually) that’s illegally wagered with offshore bookmaking operations by American sports fans.
Nah, I wouldn’t expect the NBA to be found on the corner tomorrow, competing with your local bookie. But fantasy sports? It’s already there, bro.
But Silver left out a few trends, too. “It’s not just the offshore, illegal sort of gambling,” Dennis Coates says. “It’s things like took in some $57 million in profits in 2014 — the same year the NBA bought a stake in the company..” The “daily fantasy sports” site, not technically considered gambling, allows users to effectively bet on individual players’ statistics in each game, and
If the pros manage to suck it up and swallow their qualms about gambling – there so much money there! – can we really expect the NCAA to sit idle and let all that loot pass by the schools? Can you imagine what an officially sanctioned March Madness bracket game could bring in?
Best of all, unlike the NBA, the NCAA doesn’t have to add a presence in Vegas to make it happen. It’s already there.