The NCAA men’s basketball tournament starts on Thursday, and March Madness, as it’s called, is always a time of big betting. The AGA, which lobbies on behalf of casinos and gaming companies, has been leading the charge to kill PASPA (the Professional and Amateur Sports Protection Act of 1992), the federal - From http://finance.yahoo.com/news/warren-buffett-doesnt-support-legalized-sports-betting-180624510.html?soc_src=mail&soc_trk=ma
Geoff Freeman, president of the American Gaming Association, tells Yahoo Finance that March Madness provides an annual opportunity for the gaming community “to point out the demand that’s out there for Americans to bet on these sports, to be engaged, to want to be invested.” The AGA, which lobbies on behalf of casinos and gaming companies, has been leading the charge to kill PASPA (the Professional and Amateur Sports Protection Act of 1992), the federal statute that essentially banned sports betting everywhere in the US but Nevada.
Few executives show more public passion for March Madness than the Berkshire Hathaway (BRK-A) CEO, whose contest for Berkshire employees this year offers a prize of $1 million per year for life for correctly predicting the Sweet Sixteen, or $1 million for nailing the first 32 games, or $100,000 to the person whose bracket remains perfect the longest.
Since he loves running a March Madness pool and following the bracket, has he tried fantasy sports, which are more popular than ever?
Freeman, of the AGA, points to DFS as a major factor.
And MLB Commissioner Rob Manfred, at a Yahoo Finance summit last month, said that DFS baseball has been a boost to fan engagement, called DraftKings and FanDuel “survivors,” and said that MLB is “re-examining our stance on gambling.” “I probably would be against that, personally,” he says.