NBA's Silver Says Regulation Is Better Than Bookies

NBA Commissioner Adam Silver wrote an op-ed published in The New York Times Friday morning that advocates for legalizing sports betting.
Posted at 2:11 PM, Nov 14, 2014

Widespread sports betting just got a surprising ally: the man in charge of one of the leagues that's fought so hard to keep sports books squarely in Vegas.

NBA Commissioner Adam Silver wrote an op-ed for The New York Times published Friday morning calling for the legalization of sports betting. (Video via TMZ)

SILVER: "I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated."

Silver — the man whose bold moves in such a short time on the job include a new league-wide TV deal and getting rid of Clippers owner Donald Sterling — says keeping sports betting illegal simply encourages illegal activity. (Video via KCBS)

It's hard to argue. Sports betting is common abroad, and Silver noted some estimate U.S. gamblers risk $400 billion a year on games — skirting the legal confines of a Vegas sports book, whether online or through a bookie. (Video via Levy Productions)

Bookies have inspired pop culture projects as grand as Hollywood movies …

RACHAEL LEIGH COOK IN "BOOKIES""It's not just the NCAA investigating; it's the FBI."

... or dark subplots for cable shows that likely represent a more real impact on the addicted sports gambler.

GAMBLER ON TNT'S "MEN OF A CERTAIN AGE""Let me have Kentucky. I have a good feeling about this one."

RAY ROMANO: "So $5,000, yeah?"

GAMBLER: "Yeah."

Only two months ago, New Jersey Gov. Chris Christie announced the state would no longer prosecute casinos and racetracks for accepting bets on professional sporting events, a move Silver wrote "will be both unlawful and bad public policy" without a better federal solution.

While Time called this a "radical change" in the NBA's position, Silver has flirted with the concept in recent months.

SILVER ON BLEACHER REPORT: "I do think sports betting on a widespread, legalized basis is inevitable."

Among the moves Silver called for: monitoring unusual betting line movements and ways to ID and help people with gambling problems.

This video includes images from Getty Images.