The National Basketball Association is attempting to change the world of sports betting in a major way. On Wednesday, the NBA petitioned the Supreme Court to legalize wagering bets on NBA games. The league and its attorney, Dan Spillane went to the New York State Senate committee to specify the league’s interest in this multibillion-dollar industry. This type of governmental action would create a high stream of revenue for the NBA and potentially other sports.

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Fans would have extensive access to the world of betting if sports betting is legalized beyond Nevada. The NBA wants fans to be able to place bets directly from their smartphones and handheld devices. Fans could even possibly place bets in Las Vegas and other casinos around the world. All the NBA would receive is one percent from every bet placed. This could be a good source of revenue for the league and intrigue for the fans. This lane will allow a unique approach that will make it easier and safer for fans to place wagers on their favorite teams.

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This could be the future of sports betting. New York State has already discussed new laws that would immediately implement legal betting if this bill is passed. The American Gaming Association released a statement supporting the league’s interest, but also suggested that it is not the government’s duty to control the betting money of its citizens. This is just the beginning of the process, so further fallout is yet to come. The NBA also suggest that it intends to lobby congress to get a bill passed, regardless of the Supreme Court's decision in the case determining the constitutionality of passing anti-gaming laws in states. New Jersey has recently challenged a 1992 congressional law that prevented authorizing sports betting by law in the Supreme Court. If New Jersey is able to win that case, that may open the floodgates on sports betting in the United States.

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At the moment, there are only four states where sports betting is legal: Delaware, Oregon, Nevada and Montana. Many states are paying attention because the revenue stream could come flowing at any moment. Although sports betting will likely generate good income, it also has its drawbacks. In particular, many fans and critics fear placing money on future games will jeopardize the authenticity and integrity of the sport. They don't want any players, personnel and referees getting ideas about throwing games because a payday might be attached.

   

Although sports betting has its pros and cons, it could be a great way to keep fans engaged and excited about the sport. Fanatics are already hyped about their favorite teams. Giving them a chance to win money as well as taste victory could be good for the world of sports. Alongside the money the NBA would generate from bets, it would also push profits higher because fans would want to spend more in the arenas and on apparel. With more money coming in, teams could see a spike in their annual salary caps. This would give teams more money to bring in more talent. This could be a good thing for the league, teams and fans.