Outspoken Dallas Mavericks owner Mark Cuban is in full support of a plan promoted by NBA commissioner Adam Silver that might soon allow legalized sports betting on league games.

Adam has it exactly right,” Cuban recently told reporters. “We all know leagues benefit from the interest in our leagues that gambling and fantasy sports create. In the past for PR reasons, we have put up token resistance to them. I agree with Adam that now is the time to take sports betting out of the shadows and deal with it like the huge business it is.”

Up until now, all the major sports leagues, from the NBA to the NFL to MLB, have resisted all talk of allowing sports betting at racetrack and casinos on their sports in the state of New Jersey. In a New York Times op-ed published earlier this week, Silver flipped the script, advocating to change the law at the federal level while allowing the individual leagues to oversee the activity of the actual sports betting business.

“I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated,” Silver said.

Disgraced former NBA referee Tim Donaghy, who was sentenced to 15 months in federal prison for betting on NBA games, is also on record in supporting Silver’s position.

“Things will get that much better for my type of business if that happens,” Donaghy told the New York Daily News. “It will get more people involved in gambling knowing that it’s legal and they don’t have to hide what they do.”

[Photo Credit: JD Lasica]