A study conducted for the American Gaming Association suggests that legal sports betting could boost NHL revenues by more than $200 million dollars annually.
The Nevada Independent reports that the additional revenue is projected to come from advertising by betting operators and increased consumption of the league’s media and products.
The study comes after key House lawmakers, including House Judiciary Committee Chairman Bob Goodlatte and Jerry Nadler, said last week that Congress may need to act to protect children and consumers from online sports betting. Their comments came at a hearing convened on the issue.
NHL Commissioner Gary Bettman has said that the federal government should establish betting standards to avoid states having different and varying regulatory systems.
The study comes after the AGA released another study last month which found that revenues for the National Football League could increase by $2.3 billion a year by 2020 as a result of legal sports gambling.