NBA gambling scandal Jontay Porter

[tigerpiper]

All along, people were saying the money in pros is so high they wont gamble. Wrong.

Guy makes $2 million in a one year contract. https://www.spotrac.com/nba/toronto-...-porter-47359/

That is not a lot of money if you can make $20k per prop bet per night hitting the under on .5 three point attempts.

https://www.msn.com/en-us/sports/nba...le/ar-BB1kzvPU

Think about it- he gets under $200k with his bookie... that's a lot of money on a $2 million contract with Canadian taxes (thanks Obama).

[Dan Druff]

Banned from NBA

https://pr.nba.com/jontay-porter-ban/

NEW YORK – The NBA announced today that Jontay Porter, a two-way player recently under contract with the Toronto Raptors, has been banned from the NBA. A league investigation found that Porter violated league rules by disclosing confidential information to sports bettors, limiting his own participation in one or more games for betting purposes, and betting on NBA games.

The league’s investigation found that prior to the Raptors’ March 20 game, Porter disclosed confidential information about his own health status to an individual he knew to be an NBA bettor. Another individual with whom Porter associated and knew to be an NBA bettor subsequently placed an $80,000 parlay proposition bet with an online sports book, to win $1.1 million, wagering that Porter would underperform in the March 20 game.

The league’s investigation also found that Porter limited his own game participation to influence the outcome of one or more bets on his performance in at least one Raptors game. In the March 20 game, Porter played only three minutes, claiming that he felt ill. Due to the unusual betting activity and actions of the player, the $80,000 proposition bet was frozen and was not paid out.

In addition, from January through March 2024, while traveling with the Raptors or Raptors 905, the Raptors’ NBA G League affiliate, Porter placed at least 13 bets on NBA games using an associate’s online betting account. These bets ranged in size from $15 to $22,000, for a total of $54,094. The total payout from these bets was $76,059, resulting in net winnings of $21,965. None of the bets involved any game in which Porter played. Three of the bets were multi-game parlay bets that included one Raptors game, in which Porter bet that the Raptors would lose. All three bets lost.

The suspicious bets involving Porter’s performance in the Raptors’ March 20 game were brought to the NBA’s attention by licensed sports betting operators and an organization that monitors legal betting markets.

These findings are based on the information available to league investigators at this time. The league’s investigation remains open and may result in further findings. The NBA has shared and will continue to share information with federal prosecutors about this matter.

NBA Commissioner Adam Silver said: “There is nothing more important than protecting the integrity of NBA competition for our fans, our teams and everyone associated with our sport, which is why Jontay Porter’s blatant violations of our gaming rules are being met with the most severe punishment. While legal sports betting creates transparency that helps identify suspicious or abnormal activity, this matter also raises important issues about the sufficiency of the regulatory framework currently in place, including the types of bets offered on our games and players. Working closely with all relevant stakeholders across the industry, we will continue to work diligently to safeguard our league and game.”