Since 2018, states have taken in $4.33 billion in tax revenue from sports betting. Sports betting is now legal in 38 states plus the District of Columbia, with states raking in $4.33 billion in tax revenue since the Supreme Court ruled in 2018 that states could legalize sports betting. And that’s just the tax revenue. The amount wagered is many multiples of that. With that much money in play, it seems a foregone conclusion that there will be those who want to get a slice of that by manipulating outcomes. There is a potential gambling scandal brewing in the NBA right now, springing from the proliferation of “prop” bets based on individual statistics. It’s a lot easier for a single player to influence statistics like 3 pt. shot attempts, assists, turnovers, etc., than to determine the outcome of a game. The confluence of gambling and fantasy sports creates unlimited opportunities to skew results. The NFL and other leagues are now so heavily invested in sports gambling that anything that suggests to bettors that the games are not on the up and up will be dealt with swiftly and severely. And it is spreading to college sports as well … which are not nearly as closely monitored as pro sports. Look for lifetime bans and criminal prosecutions.
We have been used to TV networks exerting major influence on game times, pace of play, and other aspects of the games. Is the day far off when the large gambling concerns like Bally, Draft Kings, MGM, etc., will have that type of influence?