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Can NCAA Get in on Sports Betting and Be Tax Exempt?

Talking Tax

English - October 29, 2020 19:16 - 13 minutes - ★★★★ - 96 ratings
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The NCAA used oppose the legalization of sports betting. But, now that it's lost that fight at the Supreme Court, the collegiate athletic association has decided to cash in on the trend.
On this episode of our weekly podcast, Talking Tax, host Jeff Leon talks with reporter Sam McQuillan about the NCAA's decision to allow colleges to enter into endorsement deals with sports betting companies. Sam also talks about about how the schools' tax exempt statues makes these types of deals with gambling companies tricky to hash out.

The NCAA used oppose the legalization of sports betting. But, now that it's lost that fight at the Supreme Court, the collegiate athletic association has decided to cash in on the trend.

On this episode of our weekly podcast, Talking Tax, host Jeff Leon talks with reporter Sam McQuillan about the NCAA's decision to allow colleges to enter into endorsement deals with sports betting companies. Sam also talks about about how the schools' tax exempt statues makes these types of deals with gambling companies tricky to hash out.