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MLB and NFL will seek legislation from Congress to set framework for legalized sports betting


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All of the major leagues want a piece of the action now that Nevada's monopoly has been broken.  They are calling it an "integrity fee" and the NBA has even put a number on it, asking for 1% of the total amount being bet.  Sounds like a small number, but in reality casinos only clear around 5-6% on average.  That would make 1% more like 15-20% of the net profit.  There is also the fact that Nevada never kicked back a penny to the leagues for the last 25 or so years they've had the monopoly.  Amazingly, some states are considering paying these integrity fees and essentially giving the leagues a windfall in exchange for nothing.  It's unclear how it will play out but I don't see how the leagues can get away with this when they have zero leverage.  

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