SCOTUS Opens Stalls for Online Sports Bettors
Posted on 16th May, by in News. Comments Off
Hundreds of millions of dollars soon could start flowing into online betting emporiums due to a U.S. Supreme Court decision giving states the power to regulate sports wagering. "Right now there's a tremendous black market for illegal, offshore sports book being offered to U.S. citizens," said Matthew Kalish, chief revenue officer of DraftKings. "We think it's in the range of $150 billion being waged that way right now. As the market becomes regulated, we think that market will move into legal, regulated online U.S. operations."