The NBA Is Sweating Through Its Gambling Era

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The NBA Is Sweating Through Its Gambling Era
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The NBA will now be weathering various strange controversies as a part of what is maybe a process toward better future health. And it will take some much bigger blow-ups before anything is seriously done about the situation.

Gambling! It’s here. In the NBA, and all other sports. Legalized, digitized, and industrialized with a fervor that’s been gobsmacking to behold. It all started, really, in 2018—that’s when The Supreme Court of The United States struck down a federal ban on the stuff, paving the way for states to decide for themselves on the matter. In the six years since, the majority of them have opted to open up the risky floodgates for their citizens, and it’s all now worth hundreds of billions of dollars.

This particular source of extended capital production is obviously dubious—bubble-like, over-hyped, over-saturated—but it is also important to note that it is desperate. A solid financial plan, personal or organizational, does not involve making your bottom line dependent on soul-sick dollars thrown away on deranged wish-casting. For the NBA, there is a product: live basketball, in person and on television, and all the in-stadium consumables and merchandise that comes with that.

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