commissioner Adam Silver delivered the league’s most severe punishment in decades for gambling on Wednesday, banning forward from the league for what he termed “a cardinal sin” of betting on the league’s games and sharing inside information.
The NBA has multiple business arrangements with massive betting brands like DraftKings, FanDuel, and BetMGM, and several of its teams host sportsbooks inside their arenas in which they are paid a percentage of the handle, which is the amount of money wagered. Under Silver, the NBA has sought a federal sports betting law from Congress, but many lobbying efforts have not gained traction. Today, sports betting is legal and regulated in 38 states plus Washington, D.C., and Puerto Rico.
NBA Sports Betting
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