Betting Rumors

The bill (A5463) would permit anyone who owns 10 percent or more of a professional sports team to accept bets on games within their league, as long as it doesn’t include the team they own. That means the Nugget — the only New Jersey casino or race track affected by the ban — would be allowed accept NBA bets, as long as they are not wagered on Rockets games.
None of that changes the overall picture — the Golden State Warriors are heavy favorites to win the NBA Finals. The Warriors are -320 to win the NBA title, the Raptors +260 at the Ceasars Palace sportsbook. What that means for non-gamblers is you have to bet $320 to win $100 on the Warriors, while a $100 bet on the Raptors wins $260. The Warriors are also 1.5 point favorites to win Game 1 on the road without Durant and coming off a nine-day layoff where rust is to be expected.
Sportradar, an authorized data distributor for the NBA, sent a letter Thursday notifying sportsbook operators that the league was forcing it to “cease providing to you NBA Official Data for use in the United States unless and until you are an Authorized Gaming Operator of the NBA.” According to the letter, obtained by ESPN, Sportradar will shut down access of the feed at 11:59 p.m. ET on Tuesday. Game 1 of the Finals is Thursday.
4 months ago via ESPN
The NBA’s data feed is primarily used by sportsbooks to run their live betting options, updating odds that are offered on different outcomes throughout the game. Live or in-game betting is a growing market in the U.S. but still does not represent significant betting handle for sportsbooks in Las Vegas. The vast majority of money bet on in-game wagering options is on the point spread, money-line and over/under total points, bookmakers say.
4 months ago via ESPN
Last month, the NBA sent a memo to all its team owners detailing a series of new rules about owning sports betting companies and related businesses. In a nod toward gambling, referee transparency rules have been gradually implemented over the past decade, from announcing officiating crews in advance of games to the publishing of the last two minute reports. However, even as the NBA gets deeper into business with sportsbooks, the league has yet to take meaningful action when it comes to injury reporting.
4 months ago via ESPN
It became an issue again over the weekend when a rib injury to Portland Trail Blazers star Damian Lillard that was kept secret might have contributed to his 5-of-18 shooting performance in a Game 3 home loss on Saturday in the Western Conference finals. Lillard suffered a separated rib on his left side after being landed on by Golden State Warriors center Kevon Looney in Game 2 on Thursday. NBA rules require teams to announce whether a player is probable, questionable, doubtful or out by 5 p.m. the day before a game. Lillard’s injury was diagnosed Thursday night in Oakland, sources said, but it was not put on the injury report. It was reported by several media outlets after the game Saturday and confirmed by Lillard on Sunday.
4 months ago via ESPN
So, many of the league’s owners who see growth potential are partnering with or investing in gaming companies. In response, the league created a new “20% rule,” in which team owners can’t have more than a 20 percent ownership stake in a sportsbook or they would be forced to have their team’s games excluded from the board. Yet, there is still no change in injury reporting rules, ground zero for where high-interest games could be influenced. This is especially true in the NBA playoffs, in which a star player’s availability or health status could be a huge factor in how the game plays out. There’s significant gray area. Players are protected by federal privacy laws. Also, at this late stage of the season, many players are dealing with various injuries. Several players on each team could be put on the injury report with some malady, which could mask more significant injuries.
4 months ago via ESPN
Advocates say sports betting shouldn’t be limited to “in-person” wagers; otherwise the state will lose out to illegal gambling internet sites and other states, such as New Jersey, which rapidly have moved to expand sports gambling since the U.S. Supreme Court struck down a ban in 2018. “Having a competitive mobile marketplace in New York could cause consumers to shift whatever they are doing now with illegal, offshore sites,” Dan Spillane, an NBA vice president, said at the Wednesday hearing.
The Illinois House Revenue and Finance Committee heard about various aspects of expanding gambling during an hourslong hearing Thursday, that included testimony from NBA Senior Vice President Dan Spillane. Afterward, he said the NBA supports legalizing sports betting in Illinois, but the association wants to make sure it protects the integrity of the game and protects the fans who would be placing bets.
Illinois major league teams – the Chicago Blackhawks, Chicago Cubs, Chicago White Sox and Chicago Bulls – sent a joint letter to state Rep. Michael Zalewski. They said if wagering is legalized in Illinois it should be allowed via a mobile platform online. “Mobile betting allows fans inclined to wager to do so easily and from the comfort of their seat, whether in the venue or when watching a game on television,” the joint letter said. “Moreover, because fans can already place bets with offshore operators via mobile apps, authorizing mobile betting in sports betting legislation is essential to the broader effort to bring bettors from the unregulated to the regulated market.”
The Wizards and the Sacramento Kings are among the teams that are attempting to educate would-be bettors — in case legalized sports betting happens to come to the District of Columbia or California. Some Wizards games now have an alternate feed, where the potential bettors get to see in real time what in-game betting will look like. “Right now, the people who go to casinos to gamble, it’s a small community and it generates $8-10 billion a year in revenues and play,” Leonsis said. “But there’s probably $100 billion that’s in the shadows by really sophisticated gamblers. And obviously the first step is we want to get that audience that’s gaming illegally to come into the sunlight.”
How the Kings envision it working this: Fans will go to the lounge, use iPads to make their “bets,” then return to their seats and watch the game unfold live. The Kings have been calling it “predictive gaming,” and fan feedback is overwhelmingly positive. “The popularity of predictive gaming shows no signs of slowing down,” said Bobby Skoff, the co-founder of Swish Analytics, which is partnering with the Kings on creating the lounge space.

The NBA is preparing to double down on policing its players, teams and staff amid the expansion of legalized sports gambling in the United States, deputy commissioner Mark Tatum told ESPN. Speaking in the United Kingdom on Wednesday, Tatum, who is also the NBA’s chief operating officer, revealed that moves have been made to get up to speed on the opportunities and threats surrounding the issue since May’s Supreme Court ruling that allowed states to sanction sportsbooks in a manner that has been commonplace in Europe for decades.
8 months ago via ESPN
That will mean extra resources to prevent the kind of in-house infractions that have plagued a number of sports, such as soccer, tennis and cricket. Spanish police recently arrested 28 professional tennis players, including one who participated in the US Open, who were linked to a group accused of fixing matches. NBA’s gaming rules, overseen by the league’s security department, specifically prohibit betting, fixing or tipping, including the encouragement of others to place wagers, or exercising any “improper influence or manipulation.”
8 months ago via ESPN
“Sports leagues provide the foundation for sports betting while bearing the risks that sports betting imposes, even when regulated,” Spillane said in the statement. “Without our games and fans, there could be no sports betting. And if sports betting becomes legal in New York and other states, sports leagues will need to invest more in compliance and enforcement, including bet monitoring, investigations, and education.”
Spillane was responding to a call by former New Jersey Gov. Chris Christie on Friday for states to oppose a bill that would give the federal government control of regulating sports betting. Christie told lawmakers from gambling states they should resist so-called “integrity fees” as well as the mandatory use of official league data. Leagues have been unsuccessful so far in getting states to agree to pay them a cut of sports betting.
A city-sponsored study estimated that 150 to 200 D.C. businesses might seek licenses to take sports bets, but the bill that was approved last month by the city council grants special privileges to the four stadiums and arenas. If those operators choose to get in the gambling business, no other entity can take sports bets legally within a two-block radius. That means the most prominent brick-and-mortar sports wagering locations in the city could be Capital One Arena in Chinatown, Nationals Park, the newly-constructed Audi Field and the St. Elizabeths East Entertainment and Sports Arena in Congress Heights.
Perhaps the biggest winner will be Monumental Sports CEO Ted Leonsis, who owns Capital One Arena, in addition to teams such as the Wizards, Capitals and Mystics, and has been an outspoken proponent of legalized sports betting. Because of league restrictions, Monumental would have to partner with an established gaming company to run the sports betting operation and effectively would serve as landlord to a sportsbook. Leonsis’s venture capital firm Revolution Growth has invested in DraftKings, but Monumental has not yet announced any gambling partners to date.
LeBron James is the most valuable NBA player when it comes to the point spread, even as the superstar who turned 34 this week plays in his 16th season. In fact, he has earned this consensus distinction by often being undervalued in a betting market that tends to overvalue All-Stars. “He’s the greatest player I’ve ever seen,” Las Vegas SuperBook head oddsmaker Ed Salmons told ESPN, sharing that James means more to a betting line than other current players “in a vacuum,” all things being equal.
8 months ago via ESPN
Led by commissioner Adam Silver, the NBA has been at the forefront of the world of sports technology for the last four years. Under Silver, the league has embraced data, social media, esports, and now sports betting. Over just the last 12 months, the league formed a partnership with Intel’s venture capital arm called the “NBA + Intel Capital Emerging Technology Initiative” and expanded options through its League Pass service to include nightly virtual reality content and the ability to watch just the fourth quarter of NBA games. The NBA has entered into sports betting data partnerships with MGM Resorts in the U.S., and with Genius Sports and Sportradar globally.
On Tuesday, the NBA announced a multiyear partnership with international gaming operator The Stars Group, which runs the BetStars online sportsbook in New Jersey and also is going through the sports betting licensing process in Pennsylvania. The deal will make The Stars Group an authorized gaming operator of the NBA in the U.S. The company will have the right to use official NBA betting data and league marks and logos across digital sports betting offerings.
9 months ago via ESPN
The NBA will promote The Stars Group across the league’s digital assets, including NBA TV, NBA.com, the NBA App and NBA social media platforms. In turn, The Stars Group will promote the NBA across its gaming platforms, including popular online poker site PokerStars. “This dynamic partnership will be another way to create authentic fan engagement with league logos and official NBA betting data, while leveraging Stars’ global expertise to further optimize the fan experience,” Scott Kaufman-Ross, head of fantasy & gaming for NBA, said in a release announcing the deal.
9 months ago via ESPN
In the front-right corner of the sportsbook, above the betting windows, the iconic, official red-white-and-blue NBA logo is on display right next to the lit-up oddsboard showcasing all of the day’s point spreads. It’s glaring, visual evidence of the thawing relationship between two of America’s favorite pastimes — professional sports and gambling — as well as a precursor to a high-speed, data-driven evolution that is coming next. “A lot has changed,” said Scott Butera, president of interactive gaming for MGM Resorts, which owns the Borgata. “What’s really changed is the fan base and the way they’re changing how they consume sports.”
Industry sources estimate the NBA-MGM deal to be worth at least $25 million. MGM received the exclusive rights to call itself the official gaming partner of the NBA and permission to use league and team logos. Eventually, MGM bookmakers also will get access to the NBA’s official data feed, which will be used to fuel the minute-by-minute in-game wagering that is anticipated to become increasing popular in the future. For now, the marketing portion of the partnership is most visible. NBA.com ran a pick ’em contest based on the MGM odds on each team’s season win total, and official logos are beginning to appear at MGM sportsbooks, something that had been prohibited in the past.
The company that owns the NHL’s New Jersey Devils, the NBA’s Philadelphia 76ers and a major New Jersey sports arena is going all in on promoting sports betting. Harris Blitzer Sports and Entertainment on Tuesday announced its second deal in five days to open a lounge at Newark’s Prudential Center to promote sports betting to customers with gambling accounts on their mobile phones.
There may be hope for the other contenders, though. The Warriors’ title odds entering last season were as high as -240 at the Westgate SuperBook in Las Vegas. This year, they are as low as -160 at FanDuel’s sportsbook in New Jersey, and their season-win total is sitting at 61.5, six games fewer than last year’s season-win total. Golden State won 58 games in the regular season last year. While the odds may indicate that the gap between the Warriors and the rest of the league has narrowed, Jeff Sherman, a sportsbook manager who oversees the NBA odds for the SuperBook, cautions that the league is far from being wide open. “If the NBA was more wide open, or at least perceived that way, [betting] handle would be greater than what we are seeing now,” Sherman told ESPN in an email. “So many teams have little to no chance of winning the title with the lack of parity. At this point, our handle on NHL outrights [odds to win the Stanley Cup] is greater than NBA outrights.”
Even though Rich Paul is doing his part to slow the speculation that his new client Anthony Davis could join his biggest client LeBron James on the Los Angeles Lakers, that’s not stopping people from putting money down on the possibility. According to the online sportsbook Bovada, the Lakers are the favorite to have Anthony Davis on their squad at the start of the 2019-20 season.
Behind the leadership of the NBA — first of the leagues to support legalization of sports betting — MLB and PGA Tour officials have joined in pushing a five-point plan to state regulators. At its core, the five-point plan calls for not only making the betting markets transparent but also requiring gambling regulators or bookmakers to notify leagues if they spot questionable activity and help identify league insiders — players, coaches and officials — who bet on their own sports at gambling sites. The leagues want regulators to share real-time, account-level betting data in hopes of identifying irregular patterns and be required to cooperate with any investigations.
Dan Spillane, the NBA official spearheading efforts, notes that unless Congress intervenes to put in minimum standards, which he believes is unlikely, the leagues are stuck with lobbying individual state legislatures. The Supreme Court decision late this spring came after many legislatures were already out of session, so the process remains in the early stages as lawmakers return and additional states consider gambling bills. As for the possibility of federal oversight going forward, more might be known after a House Judiciary subcommittee hearing on Thursday. “We have a receptive audience in the things we’re talking about,” Spillane said. “It is hard to argue doing things that protect integrity, protect fans.”
Widespread legalized sports gambling is here/coming. What will the NBA do about it? Apparently get behind Chuck Schumer. Statement from the National Basketball Association, Major League Baseball and the PGA Tour: “As legalized sports betting spreads across the states, there is a need for consistent, nationwide integrity standards to safeguard the sports millions of fans love. We strongly support the legislative framework outlined by Senator Schumer and we encourage Congress to adopt it.”
The Cal product expressed his curiosity of gambling within sports, especially now that it’s been legalized. Brown also spoke about cryptocurrency, saying that he wants to understand more about the complex topic. He’s not investing yet, but Brown says he’s getting ready.

Eddie Sefko: Here’s how much Kawhi Leonard trade impacted NBA title odds? (odds on July 2 to current): Warriors 21/20 to 4.7, Celtics 4/1 to, 11/2, Lakers 7/2 to 7/1, Rockets 13/2 to 15/2, 76ers 12/1 to 16/1, Raptors 60/1 to 18/1, Thunder 60/1 to 40/1, Spurs 50/1 to 66/1. Jazz 80/1 to 90/1
Q: Will the players get a cut? Brian Windhorst: Absolutely. Sponsorships fall under basketball-related income (BRI), and the players get 50 percent of that money. Also, in the recent collective bargaining agreement (CBA), the union negotiated that income from gambling falls under BRI and will be shared with the players. This is the new vein of revenue for the league. Q: What impact will that have on the salary cap? And when? Brian Windhorst: After a modest increase in the cap this season, the NBA is projecting the salary cap to inflate by $7 million in 2019. The league hasn’t explained the reason, but some of that projection might include some anticipated new gambling-related revenue. It will probably take a year or two for states to get operations fully up and running before possible ancillary money flows to the NBA.
1 year ago via ESPN
Q: What is the league doing to protect the integrity of the game? Brian Windhorst: The league already hires firms to monitor all legal betting across the globe. I’ve personally seen the operations at one of them — Sportradar, in London — and it’s impressive. It has busted match-fixing in many sports. Of course, these firms can’t monitor illegal betting, which is why moving this to a legal framework is better for everyone. But the league is pushing for regulations in all states, such as banning certain prop bets that could be easy to manipulate. For example, who gets called for the first foul in a game is somewhat ripe for exploitation, so the league wouldn’t want to allow bets like that. For other in-game wagers — like, say, who will score the next basket — the league has sought to keep relatively low limits on the size of those bets to fight the temptation for corruption. It’s hard to try to buy off a player making millions if the most anyone can spend on a prop bet is $100.
1 year ago via ESPN
In 2016, the Sacramento Kings developed and launched an interactive, predictive gaming platform for fans to wager points on in-game action – from their arena seat or around the world. “Call the Shot” is part of the award-winning, dual-mode Sacramento Kings + Golden 1 Center app – the fan “remote control” for the world’s most technologically advanced and sustainable arena. The Supreme Court’s decision, coupled with potential legislation in California, could pave the way for fans to use the innovative gaming platform to consume and interact with the game in new ways. “The next-generation of fan experience is embracing technology, allowing fans to further connect with their favorite sports and teams through advanced data, video and fantasy games, as well as limited-wagering. Opening gaming creates new opportunities to transform how fans are consuming the game inside and beyond the walls of the arena. I applaud Commissioner Silver for his leadership and look forward to an open dialogue on this important issue.”
The Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports. The Supreme Court on Monday struck down the Professional and Amateur Sports Protection Act (PAPSA). The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game.
1 year ago via ESPN
No matter how it shakes out, American professional sports and how fans consume and interact with them are about to change. And the NBA and MLB have been working tirelessly to construct a way to profit from it. “The leagues kept their distance … when sports betting was put in place decades ago,” Spillane said last month in Vegas. “That was the wrong move. We’re not going to make that mistake again. We are going to be engaged in the process.”
1 year ago via ESPN
After the sale, the Golden Nugget sportsbook followed normal gaming procedure and halted all NBA futures bets that involved the Rockets in an effort to eliminate any concerns over conflicts of interest. The sportsbook then removed the Rockets from the list of teams available to bet and reposted odds on the team to “finish best” in the Western Conference and the Finals. With Houston not offered, the Warriors have already finished best in the Western Conference at the Nugget, and anyone who bet Golden State may proceed to the cashier’s window, even though the series hasn’t started.
1 year ago via ESPN
The major player associations — NFLPA, the NBPA, the NHLPA and the MLBPA — had been silent on the topic. That changed on Thursday morning, when they released a joint statement clarifying their position on sports betting. The statement in part reads: “The time has come to address not just who profits from sports gambling, but also the costs. Our unions have been discussing the potential impact of legalized gambling on players’ privacy and publicity rights, the integrity of our games and the volatility on our businesses. Betting on sports may become widely legal, but we cannot allow those who have lobbied the hardest for sports gambling to be the only ones controlling how it would be ushered into our businesses. The athletes must also have a seat at the table to ensure that players’ rights and the integrity of our games are protected.”
1 year ago via ESPN

The reaction of the Greek league after the report was to inform the judicial authorities about its content. The following press release was issued today. “With a letter send today (17/3) HEBA President, Mr. Evangelos Galatsopoulos (photo), informs the public prosecutor of sports Mr. Constantinos Simitzoglou for the content of the publication of the website hoopshype.com and asks him to proceed immediately with any legal action within the scope of its powers to investigate the content of the above publication in order to protect the credibility of the championship. The letter was communicated αλσο to the Sports Minister Mr. George Vassiliadis, the Professional Sports Committee and the Hellenic Basketball Federation”.
Basketball and baseball also saw increased betting interest. More than $1.4 billion was bet on basketball, both college and professional, and baseball attracted $1.1 billion in bets. Both are record amounts. The sportsbooks capped 2017 by winning $34.5 million in December. The books have come out ahead in 53 consecutive months, a streak that dates back to July 2013. As the Nevada industry continues to grow, the United States Supreme Court is reviewing a federal sports betting law and is preparing to release a decision in the coming months that could give other states an opportunity to legalize sports betting.
2 years ago via ESPN
A key component of a proposal outlined by the National Basketball Association on Wednesday urging Congress to create a federal framework to allow states to authorize sports betting nationwide was met with skepticism by numerous interested parties, including several prominent sportsbooks. While appearing at a New York Senate committee hearing, NBA senior vice president Dan Spillane testified that if sports betting becomes legalized in a number of states across the country, leagues such as the NBA will need to invest more in compliance and enforcement actions for assuming the added risks associated with gambling. As such, Spillane said, the NBA believes that it is reasonable for gaming operators to pay the league 1% of the total handle legally wagered on its contests, drawing on models currently in place in Australia and France.
At the same hearing Wednesday, CEO Joe Asher of William Hill U.S. criticized the legislation in Indiana, describing the proposed integrity fee as a “cleverly” termed benefit for a select group of professional sports leagues. Traded on the London Stock Exchange with a market capitalization of around $3.5 billion, William Hill holds gaming licenses in the United Kingdom, U.S., Italy, Spain and the Bahamas and is one of the largest sports betting companies in the world. “Now, let’s be clear — that’s just a euphemism for a cut of the action,” Asher said in prepared testimony. “There will be plenty of financial benefits to the leagues. There is no need to divert tax revenue from the citizens of New York to a privileged few.”

In what could end up being a seminal moment for sports gambling in America, the NBA on Wednesday formally requested a set of laws that could be the basis for professional sports leagues pushing for national legalized wagering on games. Dan Spillane, an attorney for the NBA, testified in front of a New York State Senate committee and for the first time made it clear what the league’s price would be to become a partner in legalizing the multibillion-dollar industry. The NBA wants 1 percent of every bet made on its games in addition to other regulations, a request that could create massive revenue for the NBA and other sports leagues in the future.
2 years ago via ESPN
Spillane also said the NBA wants more widespread access to gambling for its fans, pushing for bets to be made legal on smartphones and kiosks and not just inside casinos and racetracks. That would increase the amount of wagering and, in turn, create more revenue for the league under its desired plan. “We have studied these issues at length,” Spillane said in his statement to lawmakers. “Our conclusion is that the time has come for a different approach that gives sports fans a safe and legal way to wager on sporting events while protecting the integrity of the underlying competitions.”
2 years ago via ESPN