Sports betting

NBA backs online betting but demands 1% cut

League issues support for sports betting at New York hearing but told to “get real” on tax demands

The NBA has thrown its weight behind the creation of a “comprehensive” sports betting bill in New York that would include online and mobile betting, but would also give sports leagues a 1% slice of turnover from bets on their games. NBA senior vice president and assistant general counsel Dan Spillane made the pitch yesterday…

New York | Sports betting