Sports Betting: Too Popular To Ignore

As a sports betting fan, either through your regular online sports betting or perhaps through the now growing daily fantasy sports betting you must have seen it yourself. There is just so much interest in the many variants of sports betting that nowadays even officials (as in those in charge) are being forced to take notice.

Naturally, the hope is that this growing popularity of sports betting will be the proverbial last straw. The last straw that finally ushers in a new era of legalized online gambling and online sports betting.

This all came about with a recent statement put out by Adam Silver. In case you don’t recall that name, Adam Silver is in fact the commissioner of the National Basketball Association (NBA). According to Silver, the NBA has already worked up some numbers and arrived at a startling conclusion. Based on the most recent estimates, the NBA conservatively estimates that upwards of $400 Billion is wagered through underground (read illegal) sports betting venues. Yes, that is billion with a big ‘B’.

You might have noticed that over the last few months the state of New Jersey has been waging an all out war with the feds over setting up online sports betting for their residents. Recall that New Jersey has been at the forefront of legalized online casino action all along. Adding in online sports betting is obviously the next step. If for no other reason than the massive sums of money that is being thrown around.

You can see this for yourself when you take a look at the numbers released by Club CalNeva. CalNeva is a Las Vegas based trend analysis firm. According to CalNeva pegged a whopping $1.3 Billion in additional revenue for state coffers should New Jersey implement online sports betting.

So that’s ons side of the story. But the other side is just as, if even more enticing. This according to Adam Silver. Silver makes a compelling case that by legitimizing legalized online sports betting action there would be increased interest from sports fans. Silver was quoted as saying: “Everybody knows here if you have a gentleman’s bet or a small wager on any kind of sports action, it makes you that much more engaged.”

You might have noticed a new trend as of late with professional sports. This is the tell tale signs of a bored fan. However, should the sports fan have a ‘stake’ in the game, then there is a new and heightened interest.

Bottom line is simply this: online sports betting in all its variations is alive and well. The only thing missing is the acceptance and stamp of legitimacy by governing authorities. Perhaps that time is getting closer even now.

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