The NFL has gone from disliking gambling to loving it because the NFL has discovered a method to turn betting into a highly feasible revenue stream.
With more and more American states legislating sports betting and with the NFL abandoning its past shunning of the majority of things betting, the league will be making plenty of money from its transformed position.
Via the Washington Post, the league expects to create roughly $270 million in income from sports wagering, and gambling offers this year. NFL executive V.P. and primary strategy and development officer Christoper Halpin says that, ultimately, gambling will be a 10-figure earnings stream. Every year.
“You can see the market growing to $1 billion-plus of league opportunity over this decade,” Halpin told the Post.
That’s great news for football, but it comes with an intrinsic warning for the current stewards of the game. Expect a few of that profits aren’t dedicated to making sure the precision of calls, securing inside information, avoiding corruption of coaches, players, and authorities, and otherwise securing the stability of the video game. In that case, the league will be entering a bear trap, eventually.
As a growing number of dollars are lawfully bet on pro football games, governmental officials will require that the playing field ends up being as level as possible. One scandal will possibly light a fuse for legislation, guideline, or prosecution.
Early in the process of various states adopting gambling programs, some sports leagues desired a piece of the action for the sole function of funding programs to ensure the stability of the video games. That method never took root. However, that does not imply the sports leagues shouldn’t pursue the highest degree of strength possible.
If they fail, the federal government will do it for them. Therefore, the NFL and the other sports leagues should think artistically and proactively identify all potential issues and resolve them. Unfortunately, innovative and proactive ideas and execution aren’t among the NFL’s strong suits.