\n<\/p>\n
The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting, has drawn new scrutiny of the booming business of professional sports gambling across the United States.<\/p>\n
Since widespread legalisation, the multibillion-dollar industry has made it easy to place wagers on everything from the outcome of games to that of a single play with just a few taps of a cellphone. It\u2019s just about impossible to go to a basketball, football, baseball or other pro game today \u2013 or watch a matchup on TV \u2013 without seeing advertisements for sports betting.<\/p>\n list of 4 items<\/span>end of list<\/span><\/section>\n Fans can place wagers from their stadium seats, while \u201cBet\u201d tickers scroll on TV sports broadcasts. Star athletes are frequently at the centre of promoting it all.<\/p>\n In Thursday\u2019s indictment, federal investigators accused Rozier and other defendants of breaking the law by exploiting private information about players to win bets on NBA games. Rozier\u2019s lawyer, Jim Trusty, said in a statement that his client is \u201cnot a gambler\u201d and \u201clooks forward to winning this fight\u201d.<\/p>\n A separate indictment alleges Portland Trail Blazers coach Chauncey Billups and others participated in a conspiracy to fix high-stakes card games. Billups\u2019 lawyer, Chris Heywood, issued a statement denying the allegations, calling his client a \u201cman of integrity\u201d.<\/p>\n Regulating sports wagering has proven to be a challenge \u2013 and experts warn about the ramifications for gamblers who typically lose money. Professional leagues\u2019 own role in promoting gambling has raised eyebrows.<\/p>\n India\u2019s government\u00a0passed a sweeping bill in August banning online gambling, after official figures showed companies had stripped $2.3bn annually from 450 million people.<\/p>\n The ban affected platforms for card games, poker and fantasy sports, including India\u2019s wildly popular homegrown fantasy cricket apps.<\/p>\n India\u2019s national cricket team was sponsored at the time by Dream11, the country\u2019s biggest fantasy sports gaming platform.<\/p>\n Sports betting is probably as old as sport itself. But in the US, legal gambling really took off in 2018.<\/p>\n That\u2019s when the Supreme Court struck down the Professional Amateur Sports Protection Act, which barred sports betting in most states. Once allowed only in Nevada, sports betting is now permitted online or in retail locations in 38 states and Washington, DC. Missouri will become the 39th state on December 1.<\/p>\n Experts say the biggest jump has been online, through smartphone apps and platforms like DraftKings and FanDuel. Through the third quarter of this year, legal sports betting generated $10bn in revenue, up about 19 percent from the same period a year ago, according to the American Gaming Association.<\/p>\n The industry argues that legal wagering generates money for states and can deter illegal betting. Major operators point to technology they use to monitor suspicious activity. FanDuel said Thursday\u2019s news illustrates \u201cthe stark contrast between legal and illegal betting markets\u201d.<\/p>\n There is plenty of money on the table, both for those who place winning bets and the platforms that make it possible. The NBA and other pro sports leagues have also created revenue streams by partnering with sportsbooks and reaping advertising dollars.<\/p>\n Live game stats provided by leagues are key to the sports world\u2019s relationship with the gambling industry. When you\u2019re able to bet what the next pitch in a baseball game is going to be, that\u2019s because Major League Baseball is selling data to platforms \u201cfor a pretty high price,\u201d according to Isaac Rose-Berman, whose research focuses on sports betting as a fellow at the American Institute for Boys and Men.<\/p>\n The NBA has a partnership with Sportradar for its data rights. Sportradar, in turn, provides FanDuel Sportsbook official NBA statistics. When the deal was announced in 2022, Sportradar touted it as a way \u201cto monetize our long-term partnership with the NBA\u201d.<\/p>\n Each state has its own regulations and tax rates for sports betting. A handful restrict where you can place bets \u2014 allowing users to use mobile apps, but only while they\u2019re physically inside a casino or within a certain radius of a stadium, for example. Others limit which betting platforms you can use or what you can bet on.<\/p>\n \u201cStates sort of opened up a can of worms, and now some of them are starting to realise just how crazy this sports betting world sort is,\u201d said Wayne Taylor, a professor of marketing at Southern Methodist University.<\/p>\n An even stickier factor is when players and other team or league personnel are involved. The NFL, NBA, MLB and NHL all prohibit employees and players from betting on their own league games, although some gambling in separate areas is allowed.<\/p>\n Legalised betting has certain security advantages in that unusual betting patterns \u2013 such as large bets being placed on a random player\u2019s performance \u2013 can be immediately flagged. In some cases, sportsbooks have taken down odds on certain events to protect against manipulation.<\/p>\n Still, experts like Taylor note that companies\u2019 own financial interests may bring some of that into question. And across the sports market, he says the large number of players and scope of micro bet possibilities make potential manipulation \u201ceasier to hide\u201d.<\/p>\n A prop is a type of wager that allows gamblers to bet on whether a player will exceed a certain statistical number, such as whether a basketball player will finish over or under a certain total of points, rebounds, assists and more.<\/p>\n This kind of bet is key to the sports betting probe announced on Thursday. Investigators pointed to a March 23, 2023, game involving Rozier, then playing for the Charlotte Hornets.<\/p>\n Rozier played the first 9 minutes and 36 seconds of that game \u2013 and not only did he not return that night, citing a foot issue, but he did not play again that season. He finished with five points, four rebounds and two assists \u2013 a productive opening quarter, but well below his usual total output for a full game. At the time, many bettors turned to social media to say that something shady occurred regarding prop bets involving his stats for that night.<\/p>\n More broadly, the NBA has expressed concern about prop bets, while other sports leagues have worried about the potential for manipulation.<\/p>\n Earlier this year, Ohio Governor Mike DeWine urged his state\u2019s gambling commission to ban prop bets after Major League Baseball placed two Cleveland Guardians pitchers on leave during a sports betting investigation.<\/p>\n Sports betting also faces criticism for opening the door to addictive gambling.<\/p>\n \u201cThe fact that it\u2019s normalised, the advertising is aggressive, it\u2019s available 24\/7, the micro bets \u2013 all of this is adding up to tremendous increase in usage across individuals,\u201d said Taylor, citing algorithms and other incentives betting platforms use to increase engagement.<\/p>\n Rose-Berman notes that platforms make the most of returning \u201cbiggest losers\u201d. Recent research suggests that young men in low-income communities are particularly affected by financial consequences tied to sports gambling.<\/p>\n \u201cUpwards of 90 percent of sports bettors are not really going to experience significant negative impacts \u2014 but it\u2019s really concentrated among those big losers and it\u2019s going to be devastating for them,\u201d he said.<\/p>\n<\/div>\n The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting, has drawn new scrutiny of the booming business of professional sports gambling across the United States. Since widespread legalisation, the multibillion-dollar industry has made it easy […]<\/p>\n","protected":false},"author":1,"featured_media":69,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-68","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/68","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/68\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/69"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recommended Stories <\/h2>\n
Explosion of legalised sports betting<\/h2>\n
Who benefits?<\/h2>\n
How is sports betting regulated?<\/h2>\n
What is prop betting?<\/h2>\n
What are other pitfalls and social implications?<\/h2>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"