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Sports Leagues Continue to Oppose New Jersey Betting Law

David Stern, the NBA commissioner has said that New Jersey has “no idea what it’s doing” by trying to allow sports betting within the state.

David Stern, the NBA commissioner has said that New Jersey has “no idea what it’s doing” by trying to allow sports betting within the state.

The statement was in a deposition published on Friday as part of the legal battle between Gov. Chris Christie, the four major professional sports leagues and the NCAA. When asked about how sports betting would harm the NBA Stern said that all the state is “interested in is making a buck or two, and they don’t care that it’s at our potential loss.”

Bud Selig, the MLB commissioner, said that the he was “appalled” that the state is considering gambling, he commented that he knows “that people n3eed sources of revenue, but you can’t – this I corruption in my opinion.”

The leagues are arguing that legalising sports betting would increase the risk of corruption. In the deposition NFL commissioner Roger Goodell was asked about other countries where sports betting is legal. He responded that “It’s not what we choose, it’s not what we believe is in the best interests of sports, but we don’t dictate the rules or the laws.”

The NCAA has announced that it will be relocating a number of events which were scheduled to take place in New Jersey next year.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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