Gaming Association shifts approach to sports betting

The American Gaming Association Board of Directors on Wednesday issued recommendations that mark a major shift in the industry's approach to sports betting, which is illegal in all but four states.

AGA said it will build a broad coalition that will determine whether a rational alternative to current sports betting law exists.

Geoff Freeman, president and CEO of the AGA said, "We look forward to working with law enforcement, sports leagues and other interested parties to consider effective approaches to protecting consumers and the integrity of sports."

While Delaware, Oregon and Montana permit some form of legal sports betting, the vast majority of traditional sports wagering occurs in Nevada. But legal sports betting pales in comparison to the amount spent illegally on sports wagering.

AGA estimates that Americans will spend $138.9 billion on illegal sports betting this year alone.

The AGA Board of Directors also made clear the industry seeks legal clarity and adequate consumer protections. If daily fantasy sports is a legal activity, the casino industry should have the opportunity to participate and partner with daily fantasy sports providers, the board said.

This story was originally published November 11, 2015 at 4:23 PM with the headline "Gaming Association shifts approach to sports betting ."