NCAA Won’t Seek To Cut Money From Sports Betting

Andrew Olson | 3 years ago

Following the landmark Supreme Court ruling to overturn the federal sports betting ban, some leagues, such as the MLB and NBA, have publicly campaigned for a reduction in sports betting. Don’t expect the NCAA to follow suit, new report from United States today.

Steve Berkowitz reports that NCAA Senior Vice President and CFO Kathleen McNeely told a panel of college athletic company directors at the National Association of Collegiate Directors of Athletics annual convention that if the bets As athletes continued to operate under state-by-state regulation, it will be up to each school to decide whether it wishes to pursue this type of money.

The article notes that officials in West Virginia and Marshall are reportedly working to secure an “integrity fee” to offset the anticipated costs of complying and monitoring potential legal sports betting in the state of West Virginia. As for SEC schools, the sport will arrive at Mississippi casinos on July 21.

The NCAA notes that the new legalized sports betting will lead to increased compliance and oversight costs for the NCAA as well as for the teams themselves and presumably the conferences. The NCAA has openly opposed legalized sports betting.

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