{"id":92286,"date":"2018-11-09T09:25:32","date_gmt":"2018-11-09T17:25:32","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=92286"},"modified":"2018-11-16T14:13:56","modified_gmt":"2018-11-16T22:13:56","slug":"nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/","title":{"rendered":"NHL Executive Says Revenue from Sports Betting Could Hold Down Ticket Prices for Fans"},"content":{"rendered":"<p>Like other professional sports leagues, the NHL feels like it could see a windfall of revenue as legalized sports betting spreads across the country. But one NHL executive is now saying that fans could potentially also see benefits from sports wagering in the form of lower ticket prices.<\/p>\n<figure id=\"attachment_92287\" aria-describedby=\"caption-attachment-92287\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-92287\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/Luc-Robitaille.jpg\" alt=\"NHL sports betting tickets\" width=\"1200\" height=\"794\" \/><figcaption  id=\"caption-attachment-92287\"class=\"text-description\">Los Angeles Kings president Luc Robitaille says that increased revenue from sports betting could help hold down the price of NHL tickets. (Image: Kirby Lee\/USA Today Sports)<\/figcaption><\/figure>\n<p>That idea was shared by Los Angeles Kings president Luc Robitaille, who told the ESPN on Ice podcast that owners might be able to hold down ticket prices if some of the optimistic revenue projections attached to sports betting are seen in reality.<\/p>\n<h2><strong>Added Revenue Could Control Price Increases<\/strong><\/h2>\n<p>A study by Nielsen Sports, commissioned by the American Gaming Association, found that the NHL could see as much as $216 million in new revenue annually if sports betting is legalized across the country. According to Robitaille, that could reduce some of the upward pressure on ticket prices.<\/p>\n<blockquote class=\"main-blockquote\"><p>\u201cI\u2019m not sure about it, but it could if the money is significant enough,\u201d Robitaille told ESPN. \u201cI\u2019m not going to guarantee it\u2019s going to bring down ticket prices, but it might hold the raise a little bit. If a team plans on raising ticket prices by eight percent, they might only raise them by five or four percent. If there\u2019s a lot more money at the table, it makes everybody\u2019s life easier.\u201d<\/p><\/blockquote>\n<p>There\u2019s no reason to believe that demand won\u2019t continue to be the driving force behind how teams set their ticket prices. As in all sports \u2013 or all live events, for that matter \u2013 the biggest motivation for raising or lowering the cost of entry is maximizing the money a team makes from its gate receipts, not other factors like player salaries or new revenue streams like betting.<\/p>\n<p>But that doesn\u2019t mean that sports betting couldn\u2019t play a small factor, as Robitaille suggests, in limiting price increases or offering teams more flexibility when creating discounts and promotions.<\/p>\n<h2><strong>NHL Embracing Sports Betting<\/strong><\/h2>\n<p>The Hockey Hall of Famer and former Kings captain told ESPN he saw other ways in which revenue brought in by sports betting could have a more direct impact.<\/p>\n<p>\u201cIf you go by the numbers on the illegal part, it\u2019s pretty significant,\u201d he said. \u201cIf that part ends up on the team side, I think it\u2019s going to help everyone. First of all, the cap will go up. Fans will be happy. Teams will spend more money on players. Players\u2019 salaries will go up.\u201d<\/p>\n<p>While the NHL may be far less popular than the NFL, NBA, and MLB among gamblers \u2013 with the notable exception of the Vegas Golden Knights \u2013 the league seems to be at the forefront of how leagues and teams can take advantage of the expansion of sports betting since the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in May.<\/p>\n<p>In October, the NHL announced a betting sponsorship deal with MGM Resorts, while both the Golden Knights and the New Jersey Devils <a href=\"https:\/\/www.casino.org\/news\/william-hills-find-the-net-again-scores-deal-with-nhls-devils\">have announced partnerships with William Hill<\/a>. Earlier this week, both the Devils and the NHL entered into agreements with FanDuel, making the company <a href=\"https:\/\/www.casino.org\/news\/nhl-makes-fanduel-official-dfs-partner-devils-get-in-on-deal-too\">the official daily fantasy sports partner of the league<\/a> and a sports betting partner with the New Jersey team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like other professional sports leagues, the NHL feels like it could see a windfall of revenue as legalized sports betting spreads across the country. But one NHL executive is now saying that fans could potentially also see benefits from sports wagering in the form of lower ticket prices. That idea was shared by Los Angeles [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":92287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,1074],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NHL Exec: Sports Betting Revenue Could Hold Down Ticket Prices<\/title>\n<meta name=\"description\" content=\"NHL tickets prices could be more affordable for fans thanks to added revenue from sports betting, Los Angeles Kings president Luc Robitaille told the ESPN on Ice podcast.\" \/>\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=\"NHL Exec: Sports Betting Revenue Could Hold Down Ticket Prices\" \/>\n<meta property=\"og:description\" content=\"NHL tickets prices could be more affordable for fans thanks to added revenue from sports betting, Los Angeles Kings president Luc Robitaille told the ESPN on Ice podcast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/\" \/>\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=\"2018-11-09T17:25:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-16T22:13:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/Luc-Robitaille-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1693\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\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=\"Casino.org Staff Writer\" \/>\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\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/\",\"url\":\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/\",\"name\":\"NHL Exec: Sports Betting Revenue Could Hold Down Ticket Prices\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/Luc-Robitaille-scaled.jpg\",\"datePublished\":\"2018-11-09T17:25:32+00:00\",\"dateModified\":\"2018-11-16T22:13:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"NHL tickets prices could be more affordable for fans thanks to added revenue from sports betting, Los Angeles Kings president Luc Robitaille told the ESPN on Ice podcast.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/nhl-exec-sports-betting-revenue-could-hold-down-ticket-prices\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/Luc-Robitaille-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/Luc-Robitaille-scaled.jpg\",\"width\":2560,\"height\":1693,\"caption\":\"Los Angeles Kings president Luc Robitaille says that increased revenue from sports betting could help hold down the price of NHL tickets. 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