Adam Silver on Gambling and the NBA: ‘Good for Business’

Written by:
Aaron Goldstein
Published on:
Apr/20/2015
Adam Silver on Gambling and the NBA: ‘Good for Business’

NBA Commissioner Adam Silver has doubled down on his initial stance that sports betting should be legalized in the U.S.

Silver stunned many after writing an op-ed piece in the New York Times last fall suggesting that sports gambling should be “brought out of the underground”.

On Monday, the NBA Commissioner took things one step forward.

"It's good for business, I don't want to hide from that," Silver said on the Boomer & Carton show Monday morning.

"I did speak to all the other commissioners," he added. "There was a range of reactions. Some were, ‘What are you doing?' Others were, ‘Let's study it, seems like an interesting idea.' And that is not that we're necessarily out there promoting sports betting, but the latest estimate is there's somewhere between $300 and $400 billion a year being bet on sports in this country."

The NBA has already dipped its toes into the world of gambling in a sense by entering into sponsorship deals with daily fantasy sports company DraftKings.com. 

- Aaron Goldstein, Gambling911.com

Gambling News

Weekslong Manhunt Ends With Capture of Degenerate Gambler Accused of Killing Husband

Weekslong Manhunt Ends With Capture of Degenerate Gambler Accused of Killing Husband

A Minnesota woman who led authorities on a weekslong manhunt after she allegedly killed her husband, then went to Florida and befriended — then killed — a woman who resembled her, is now facing charges in two states.

How to Maximize Your Chances of Winning at a Bitcoin Online Casino

If you want to win regularly playing at an online casino, the key is discipline.  But there are other factors that should be considered, especially when it applies to the Bitcoin casino.

Germany's Gambling Market in the focus at Mare Balticum Gaming Summit 2018

The organizers of Mare Balticum Gaming Summit 2018 are excited to announce that the event will also feature a discussion about the state of the gambling industry in Germany and what is to be expected this year.

Forbes: A Narrow Ruling For New Jersey Could Still Allow Sports Betting By Private Operators

Even if the U.S. Supreme Court decides not to allow legalized sports betting, there is still a narrow path for private companies to allow it, so says Forbes.com.

Nevada Gaming Commission Alters Rules on Gambling While High

The Nevada Gaming Commission tweaked its regulations for dealing with intoxicated gamblers.

Syndicate