Tags: Supreme Court | Supreme Court | Sports Betting

Analyst Projects $57 Billion Market for Legal Sports Betting

Analyst Projects $57 Billion Market for Legal Sports Betting
(Reuters)

Monday, 14 May 2018 02:28 PM

A gambling market researcher says the market for legal sports betting could be more than $57 billion nationwide.

Analyst David Katz of the Jefferies firm in New York is projecting modest near-term positive effects on the gambling industry following Monday's Supreme Court ruling.

His analysis says regional casino operators Penn National Gaming and Caesars Entertainment could be possible big winners.

The analysis says negotiating and establishing regulations and licenses could take time, and that gambling technology companies Scientific Gaming Corp. and IGT also are well-positioned to benefit from the ruling.

Representatives of the four publicly traded companies did not immediately respond to messages seeking comment.

Las Vegas-based MGM Resorts International welcomed an expansion of sports betting to other states, saying it offers a chance "to protect consumers and benefit the public by regulating and taxing sports betting."

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A gambling market researcher says the market for legal sports betting could be more than $57 billion nationwide. Analyst David Katz of the Jefferies firm in New York is projecting modest near-term positive effects on the gambling industry following Monday's Supreme Court...
Supreme Court, Sports Betting
137
2018-28-14
Monday, 14 May 2018 02:28 PM
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