{"id":90160,"date":"2018-10-11T13:00:57","date_gmt":"2018-10-11T20:00:57","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=90160"},"modified":"2018-10-11T12:40:49","modified_gmt":"2018-10-11T19:40:49","slug":"major-league-baseball-wants-a-cut-from-sports-betting","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/","title":{"rendered":"Pay Up: Major League Baseball Wants Cut Of Casino Sports Betting Action"},"content":{"rendered":"

Major League Baseball doubled down on its stance that the league should receive money from casinos that profit from legalized sports betting, with a suggestion from Executive Vice President of Gaming Kenny Gersh that casinos pay MLB a 0.25 percent fee.<\/p>\n

\"\"
At the Global Gaming Expo in Las Vegas, an MLB executive doubled down on Commissioner Rob Manfred’s stance that the league should receive a fee from casinos that profit from bets placed on MLB games. The league mentioned a 0.25 percent fee during a G2E panel discussion Wednesday. (Photo: Reuters)<\/figcaption><\/figure>\n

\u201cFrom a fairness perspective we think, if you are going to designate someone to be able to make money off of what at the end of the day is our sport and our events\u2026we think we should be involved in that,\u201d Gersh said at the Global Gaming Expo (G2E) in Las Vegas on Wednesday.<\/p>\n

Speaking to the \u201cBoomer and Gio\u201d radio show earlier this year, MLB Commissioner Rob Manfred said the league was seeking payment to offset the cost of \u201cintegrity monitoring\u201d but also added, \u201cI do not that it\u2019s unreasonable to suggest that people who are free riding on our product should have to compensate us<\/a>.\u201d<\/p>\n

Before a Supreme Court decision in May cleared the way for all 50 states to regulate sports betting if they choose, MLB tried and failed to get West Virginia lawmakers to impose a one percent fee on casinos that offer sports betting. The league also proposed similar legislation to the state of Missouri<\/a>.<\/p>\n

“Not Financially Viable”<\/h2>\n

Also present during the panel discussion at G2E was American Gaming Association Senior Vice President of Public Affairs Sara Slane.<\/p>\n

Slane said MLB\u2019s proposal is \u201cnot financially viable\u201d because casino companies, not the league, are responsible for the costs associated with the industry \u2013 such as license fees, regulatory processes, and building construction.<\/p>\n

\u201cYou want us to take that risk, pay you and then you are going to benefit on the back end as well,\u201d she said. Slane referenced \u201cthe back end\u201d earlier this year after the AGA commissioned a study which concluded a legalized sports betting market will increase popularity and engagement<\/a> among younger fans for professional and college sports leagues.<\/strong><\/p><\/blockquote>\n

\u201cExpanding access to legal sports betting will bring millennial audiences back to sports broadcasts and stadiums, which is a huge benefit for sport enterprises across the country,\u201d Slane said after the study was published.<\/p>\n

Rallying Together<\/h2>\n

When the monumental Supreme Court decision to strike down a federal ban on sports betting came in May professional sports leagues across America bonded together to shield their product from the very sort of capitalism that turned their sports into multi-billion dollar industries.<\/p>\n

\u201cAs each state considers whether to allow sports betting, we will continue to seek the proper protections for our sport, in partnership with other professional sports,\u201d an MLB statement following the decision stated.<\/p>\n

MLB initially floated the idea of a one percent fee to West Virginia and Missouri lawmakers earlier this year but appear to have come down from that number to 0.25 percent, based on Gersh\u2019s comments at G2E.<\/p>\n

Like pro baseball, the National Basketball Association is also pushing for the fee. Commissioner Adam Silver has supported MLB\u2019s initiative to receive some sort of payment from casinos.<\/p>\n

\u201cFrom the NBA\u2019s standpoint we will spend this year roughly $7.5 billion in creating this content, creating these games\u2026so this notion that as the intellectual property creators that we should receive a one percent fee seems very fair to me,\u201d Silver said<\/a> at the 2018 NBA All-Star Game in Los Angeles.<\/p>\n

MLB is understandably weary of the integrity of the game. The 1919 “Black Sox” scandal and Pete Rose’s lifetime ban for betting on the game still hang over the game today. Now however, along with wanting a piece of the action the league is apparently considering moving closer to it.<\/p>\n

Manfred said last year that Las Vegas could be an option for the relocation of an MLB team<\/a> and rumors circulated this week that the Rio Hotel & Casino in Vegas could be demolished as the future site of an MLB ballpark<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Major League Baseball doubled down on its stance that the league should receive money from casinos that profit from legalized sports betting, with a suggestion from Executive Vice President of Gaming Kenny Gersh that casinos pay MLB a 0.25 percent fee. \u201cFrom a fairness perspective we think, if you are going to designate someone to […]<\/p>\n","protected":false},"author":40,"featured_media":90161,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,1074],"tags":[],"acf":[],"yoast_head":"\nMajor League Baseball Wants a Cut From Sports Betting<\/title>\n<meta name=\"description\" content=\"Major League Baseball reiterated its position that the league should receive a fee from casinos that profit from sports betting during the Global Gaming Expo on Wednesday.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major League Baseball Wants a Cut From Sports Betting\" \/>\n<meta property=\"og:description\" content=\"Major League Baseball reiterated its position that the league should receive a fee from casinos that profit from sports betting during the Global Gaming Expo on Wednesday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-11T20:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-11T19:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/b15c16402d2ed96068f40e456d36ac22-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucas Thomas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucas Thomas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/\",\"url\":\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/\",\"name\":\"Major League Baseball Wants a Cut From Sports Betting\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/b15c16402d2ed96068f40e456d36ac22-scaled.jpg\",\"datePublished\":\"2018-10-11T20:00:57+00:00\",\"dateModified\":\"2018-10-11T19:40:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/9cbf3fd9ff73f999c8c3e15fb67789fa\"},\"description\":\"Major League Baseball reiterated its position that the league should receive a fee from casinos that profit from sports betting during the Global Gaming Expo on Wednesday.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/major-league-baseball-wants-a-cut-from-sports-betting\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/b15c16402d2ed96068f40e456d36ac22-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/b15c16402d2ed96068f40e456d36ac22-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"At the Global Gaming Expo in Las Vegas, an MLB executive doubled down on Commissioner Rob Manfred's stance that the league should receive a fee from casinos who profit from bets placed on MLB games. 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