The NCAA and the Inevitable Reality of Sports Betting - News : News
  • 3 minutes read
Published on
Update on

AS it stands, it seems that all the bets are off in as far as the NCAA’s resistance against sports betting in the United States is concerned. Contrary to what was the case at the 2018 Final Four where the only state where players could legally place sports bets was Nevada, there are tons of changes that the association has to deal with. As Michigan State, Virginia, Auburn and Texas Tech prepare to tip off the Final Four this season, a total of eight states have already legalized sports betting and a few others are slowly moving towards the same direction. Naturally, the NCAA will have to adjust appropriately for this new reality.

According to Mark Emmet, the president of the NCAA, the new sports betting atmosphere in the United States “is going to have a dramatic impact on everything we do in college sports. It’s going to threaten the integrity of college sports in many ways unless we are willing to act boldly and strongly.” He gave this statement earlier in January at an NCAA convention.

However, the president’s and the association’s position are starting to shift with the association now seeking to find its place in as far as the sports betting industry is concerned. Eventually, the NCAA hopes to achieve a status that will afford it a seat at the big table where it will have an influence on the legal wagering world and even monitor betting lines on the college basketball games. Mark Emmet states that they hope to get to a point where the NCAA is able to integrate with betting platforms “so that when we see inexplicable behavior on the betting line, we know what’s going on there.”

The Anti-Betting Stance Remains

One of the most notable efforts that the NCAA has been making in its quest to adjust to the new sports betting industry in the United States is an initiative that seeks to prevent athletes from betting on sports. It is justifiable that the association would not want its players to place wagers on the games they are competing in.

“The membership wants a prohibition of athletes gambling in any sports, period,” Mark Emmert said last Thursday.

Despite all this, the irony in the NCAA’s decree against sports betting at the Final Four is in the fact that the tournament is one of the most popular sporting events in the industry largely because of gambling. Furthermore, the betting ban also has quite a number of loopholes mainly because the organization just does not have enough resources or the ability to monitor betting activities.

Editor's Picks

Online Gambling Finally Takes Off in Pennsylvania

Following several months of rigorous product testing by the Pennsylvanian Gaming Control Board (PGCB), three of the Keystone State’s licensed casino operators have recently begun offering their online gaming products to the state’s residents. Pennsylvania will now be finally joining the small list of states where online casino-style gaming is fully legalized and regulated. Penn […]

Pa. Casinos Lose Lawsuit Against Online Lottery Games

A while back, a coalition of seven casinos in Pennsylvania filed a lawsuit seeking an injunction to stop the Pennsylvania Lottery from offerings online casino-style games. Last Friday, the casinos were dealt a huge blow when a Commonwealth Court chose to side with the lottery. The Pennsylvania Lottery officially launched its online lottery product in […]

PGCB To Hold Casino License Auction in September

On Wednesday, July 10, the Pennsylvania Gaming Control Board (PGCB) voted in favor of a plan to recommence the Category 4 satellite casino auction process. As such, the state will try again to award gaming licenses for five more satellite casinos as part of the ongoing aggressive gambling expansion that kicked off in October 2017. […]

Similar Stories in Gambling

High Hopes as DraftKings Acquisition of SBTech Nears

DraftKings, one of the most popular gaming operators in the United State is currently on the verge of completing its bid to acquire online gambling and sports betting company SBTech. The announcement of the acquisition plans came just a week after SBTech had appointed a new president for its operation in the United States. This […]

Pennsylvania Slots Records Revenue Growth in Fiscal Year 2018/2019

The Keystone State’s slot machine revenue increased 1.1 percent during the just concluded 2018/2019 state fiscal year compared to the 2017/208 fiscal year. These figures were presented by the Pennsylvania Gaming Control Board (PGCB) last Monday, the breakdown of the slot machine revenue figures has set the precedence for the total gaming report that is […]

Legal Sports Betting Finally Comes to Illinois

Last Friday, Illinois Governor J.B. Pritzker signed a bill that effectively made the state the fifth one to officially legalize sports betting in the country following the May 2018 Supreme Court ruling that abolished PASPA and legalized sports betting. The bill that was signed into law included a wide-ranging $45 billion capital funding package. Work […]

Parx Becomes Second Pa. Casino to Launch Online Sportsbook

Online sports betting kicked off in the Keystone State just a little less than a month ago and already the state’s residents are getting even more options in that regard. SugarHouse Casino in Philadelphia was the first online and mobile sports betting platform to go live in Pennsylvania and on Thursday, June 27, Parx Casino […]