NFL Players Association Flags Concern After Congressional Hearing
NFL Players Association President DeMaurice Smith (pictured) says he has significant concerns after the League’s testimony before the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations last month discussing the liberalization of sports betting. Congressional Black Caucus Chair Congressman Cedric Richmond (D-LA) inquired about whether a team owner can also own part of a sportsbook. The NFL’s EVP of Communications and Public Affairs Jocelyn Moore (pictured) responded and revealed that NFL owners and personnel are not completely banned from having an interest in a sportsbook company. Smith says allowing owners and team employees to have stakes in sports betting operators is an unneeded additional risk that jeopardizes integrity. "It is still a league that allows owners to be stakeholders in gambling operations, yet continues to message sort of a myopic approach," Smith said in regard to the league policy. He says he is also concerned that the NFL doesn’t classify daily fantasy sports as gambling. And DraftKings’ sportsbook at Resorts in Atlantic City and FanDuel in NYC have already moved into sports betting operations. In May, the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 -- the federal statute that had restricted legal bookmakers to primarily Nevada. Delaware, Mississippi, New Jersey, and West Virginia have joined Nevada and opened legal sportsbooks. Pennsylvania and Rhode Island should be up and running in a few months. And industry experts believe more than half of the states will be offering legal sports betting with five years. More here.