The Los Angeles Lakers are an American professional basketball team based at the Staples Center in Los Angeles, California. They play in the Pacific Division of the Western Conference in the National Basketball Association (NBA). The Lakers are one of the most successful teams in the history of the NBA, and have won 16 championships, their last being in 2010. They also hold 31 Conference titles and 23 division titles. As of 2013, the Lakers are the second most valuable NBA franchise according to Forbes, having an estimated value of $1 billion.