MLB Says it Wants Cut From Sports Betting

Written by:
Associated Press
Published on:
Oct/10/2018

LAS VEGAS (Associated Press) — Major League Baseball is insisting to casino executives that the league should get a cut from wagers placed on the sport following the repeal of a federal ban on sports betting.



An MLB executive speaking Wednesday at the casino industry's top trade show in Las Vegas also held that sports books should be required to buy data used to set odds directly from the league.

Kenny Gersh is the league's executive vice president of gaming. He says a proposed 0.25 percent fee is essentially a royalty that casino companies should pay if they are going to make money off of the sport.

He says MLB believes betting on baseball is not appealing to mass consumers, just hardcore bettors, and the league could help change that.

A U.S. Supreme Court decision in May allowed states to join Nevada in having legalized sports betting.

Casinos have strongly opposed direct payments to leagues for betting, and MLB and other pro leagues have failed so far to convince any state to build the fees into their laws.

Gambling News

Ace Per Head Now Accepting Amex Gift Cards

Ace Per Head Now Accepting Amex Gift Cards

In the world of sports betting and pay per head sites one of the best bookie services in the market is AcePerHead.com.

The Role of UKGC in Online Gambling Industry

The Role of UKGC in Online Gambling Industry

Apart from the League Championship, the United Kingdom is also one of the most important territories of the gambling industry.

Two Former College Football Players Indicted in Armed Robbery, Were Running Gambling Ring

Two Former College Football Players Indicted in Armed Robbery, Were Running Gambling Ring

A Cobb County grand jury has formally charged four men with running a gambling operation on the Kennesaw State campus and robbing some participants at gunpoint, the Atlanta Constitution Journal reported on Wednesday.

Catholic School in LA is Having Nun of This: Sisters Confirmed in Embezzlement Scheme

Catholic School in LA is Having Nun of This: Sisters Confirmed in Embezzlement Scheme

Two nuns who worked for decades at a Catholic school in California embezzled a “substantial” amount of money from tuition and other funds and used it to pay for gambling trips to Las Vegas, church officials said Monday.

Aussie Firm Enters NJ Sports Betting Market

Aussie Firm Enters NJ Sports Betting Market

New Jersey has given preliminary approval for an Australian sports book provider to offer online sports betting.

Syndicate