It depends on which Basketball organization your talking about because they have different time. In the NBA there are four quarters which are 12:00 (twelve minutes) long following a halftime break after the second quarter. In FIBA basketball it consist of four quarters that has a time limit of 10:00 (ten minutes) following a halftime break after the second quarter. In the NCAA (College Basketball), there are no quarters instead they are two twenty minute halves.
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There are 48 minutes in a standard NBA game. There are 4 quarters, each with 12 minutes. If there is an overtime, an extra 5 minutes is played.
In the NBA, the games consist of 48 minutes with 12 minute quarters. In pickup basketball, it really depends on what the players want.