News & Press: Industry Related

MLB Wants Cut Of Gambling Revenue, League Official Says

Thursday, August 2, 2018  
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MLB Wants Cut Of Gambling Revenue, League Official Says

Speaking to a packed auditorium at the National Conference of State Legislatures' annual meeting in Los Angeles, Bryan Seeley, MLB senior vice president and deputy general counsel, said he recognized that states view a May U.S. Supreme Court decision striking down the federal ban on states sports betting as a victory. ***

But Seeley made clear that the league, on the other hand, views the result of Murphy v. National Collegiate Athletic Association with much trepidation. He said MLB needs a small cut of the total amount wagered to compensate it for costs, such as increased monitoring, that it will incur from an expanded state sports betting industry. Click HERE to read more.


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