Monday, officials announced that the Oakland Raiders are officially the Las Vegas Raiders. Now, locals and tourists can hit Sin City and enjoy 24-hour booze, legalized gambling, medical marijuana, and now professional hockey and football.
For years, many NFL officials turned their noses up at the idea of Las Vegas having a team of its own in the league. They feared that the stigma that comes with legalized gambling could hurt the integrity of the league. But, Monday, NFL owners officially approved the move. The Oakland Raiders will now be moving to Las Vegas, Nevada.
It appears that both the league and the team itself tried to give the City of Oakland a chance to make things right. But, the city’s proposal for a new stadium for the Oakland Raiders just didn’t satisfy the needs of the team.
Then, the City of Las Vegas stepped up to the plate with public money to the tune of $750 million. Bank of America did its part to push the move along by extending credit to Mark Davis, the owner of the Raiders. The bank is loaning him $650 million in an effort to convince him to push for the move to Vegas. This will be the third NFL team to relocate within just over one year.
The Rams moved from St. Louis to Los Angeles in 2016, and in January the Chargers relocated from San Diego to LA. The Raiders likely will play two or three more years in the Bay Area before their $1.7 billion stadium near the Las Vegas strip is ready.
Las Vegas, long taboo to the NFL because of its legalized gambling, also is getting an NHL team this fall, the Golden Knights.