What the NCAA has said about Supreme Court’s decision to legalize sports betting

The NCAA fought against the ruling being reversed in the past.

On Monday, the United States Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), striking the law that prevented states from drafting their own regulations for local sports betting. The ruling will allow legal sportsbooks to begin operations throughout the country.

While this ruling affects every sports league in the U.S., the effects on the NCAA — which oversees amateur athletes — could be the most interesting. While Las Vegas and overseas betting on college sports is alive and well, how collegiate sports’ ruling body would respond was anticipated. Here’s what the NCAA had to say regarding the ruling:

The response is interesting, given that the NCAA vehemently argued against the ruling to legalize sports betting. In fact, it went so far as to threaten to move any postseason events from the state of Delaware in 2009 if it had allowed legal gambling on college sports.

Outside of Delaware, sports betting was allowed in the grandfathered-in states of Nevada, Oregon, and Montana. Now, the NCAA has a decision to make whether to use and integrate sports betting within the sport.

The NCAA could greatly benefit financially by monetizing sports betting within the NCAA. Imagine opening the March Madness app during the NCAA Tournament and being able to bet real-time on games and players? This past March, the NCAA made $857 million from Turner for broadcast rights for the tourney. Integrating gambling would increase revenue from March Madness even more.

The biggest question at hand, of course, is whether NCAA athletes will see a slice of the money that the organization makes on sports gambling. Some schools have already planned ahead for this ruling — Marshall and West Virginia have reportedly reached a tentative deal to get a cut.

If the NCAA and schools get richer off of sports gambling, it will no doubt deepen the conversation about whether NCAA athletes — particularly in revenue generating sports like football and basketball — should be better compensated for their highly-value talents. (They should.)

We’ll update the NCAA’s response if it develops further.

Thanks for your visiting on this page What the NCAA has said about Supreme Court’s decision to legalize sports betting, We hope this post can be a good reference for you and provide useful information for you :-).

This article is sourced from: Here

Leave a Reply

Your email address will not be published. Required fields are marked *