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SCHOOLS EXPLORING COMPENSATION FROM SPORTS BETTING
Views: 117
Posted by Drew Martin
Replies: 0

NCAA athletic programs are examining ways to be compensated for any increased compliance costs caused by the legalization of sports betting in some states.

On Thursday, representatives from Missouri, Rutgers and UConn participated in a conference call with Major League Baseball to consider options, including potentially creating a mechanism where a percentage of the amount wagered on events involving college teams would be funneled back to the schools. Major League Baseball, along with the NBA and PGA Tour, has been lobbying for similar fees to be paid to the professional leagues based on the amount wagered.

The professional leagues have asked for anywhere from 0.25 to 1 percent of the action bet on games and events, although states have been resistant to this point.

"I can confirm that a representative from UConn was present on yesterday's conference call," UConn athletic director David Benedict told ESPN in a statement. "It was beneficial to collaborate with peer and professional institutions as we prepare for what will result from the recent Supreme Court ruling."

http://www.espn.com/chalk/story/_/id/23539466/ncaa-programs- looking-compensation-compliance-costs-caused-sports-betting

 
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