National Basketball Association first league with betting sponsor, has deal with MGM

DraftKings CEO Legal sports betting will bring innovation

DraftKings CEO Legal sports betting will bring innovation

As part of the newly announced partnership, MGM Resorts will have access to official National Basketball Association and WNBA data and branding, though on a non-exclusive basis.

An integrity fee would amount to a tax on sports betting handle that states would collect and pass onto the leagues.

Golden State Warriors guard Stephen Curry (30) shoots the ball against Cleveland Cavaliers forward LeBron James (23) in game four of the 2018 NBA Finals at Quicken Loans Arena.

Silver has been more open to the concept of legalized gambling on sports than the other commissioners. The NBA's top exec has always been an advocate for legalized sports betting; back in 2014, Silver wrote an editorial in the New York Times in which he encouraged the federal government to allow states to offer a highly regulated form of legitimate wagering, one that would include minimum-age verification and the monitoring of any unusual activity in the betting lines that might indicate the outcome of a game was being manipulated by outside interests.

The new partnership with GVC Holdings will offer access to USA land-based and "online sports betting, online real money and free-to-play casino gaming, major tournament and online poker, and other similar future interactive businesses", according to a press release.

MGM owns the WNBA's Las Vegas Aces and is a partner in the NBA Summer League.

CEO of GVC Kenny Alexander has also shared his thoughts on the deal, noting that MGM is a world leader in the entertainment and gaming businesses, operating high quality brands and boasting unparalleled sports connectivity.

This has already been a major week for MGM on sports betting, as it's the third deal it announced in the space of two days.

That would be yet another major milestone that will let anyone within state lines place bets on sports from their phones or computers.

Yes. In Australia, for example, Crownbet is the official wagering partner of the Australian Football League.

According to Silver and MGM officials, the casino company is buying data.

MGM casinos will be able use league and team logos on oddsboards at sportsbooks, something not now done in Las Vegas.

MGM CEO Jim Murren said the partnership would "revolutionize sports betting in the United States".

The joint venture with the United Kingdom-based owner of Ladbrokes, GVC Holdings, will lead to the creation of a sports betting and online gambling platform in the USA with a mobile app and website featuring odds and highlights.

Tuesday's announcement caps off a monster week for MGM, which announced just Monday that they had signed deals with GVC Holdings, owners of the UK's famous Ladbrokes Coral, and Boyd Gaming.

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