Dallas Mavericks owner Mark Cuban reacts to the potential legalization of sports gambling in the United States, saying it “doubles the value” of professional sports franchises.
“I think everyone who owns a top four professional sports team just basically saw the value of their team double,” the owner of the NBA’s Dallas Mavericks said in a “Squawk Alley” interview. “It can finally become fun to go to a baseball game again.”
“It’s easy to see how you’ll have fun at the stadium, at the arena or while you’re watching —whether its online or traditional platform,” added Cuban, a “Shark Tank” host.
“It really comes down to what the states do. How the states handle the implementation and whether or not they work together will determine how all this plays out,” Cuban said. “If states are smart, they’ll come together and work on a single solution.”
He also predicted technology companies such as Amazon and Facebook, not generally associated with sports, could benefit as well.
“With technology, it’ll be something that’s a new form of entertainment,” Cuban said. He doesn’t expect this decision will drive chip manufacturers, however.
“This is not like all of a sudden you’ll have the need for 10 million miners,” he added.
Gambling is going to change the way sports are watched, and especially when you go to a live sporting event. Who knows how it will affect addiction, but it won’t be good for those who have addiction issues.