Since 1992, sports betting had been prohibited across the United States. That is, until Monday when the Supreme Court rescinded the law, leaving it up to each state to decide whether to permit sports-related gambling. While there’s no official accounting of the size of the illicit sports betting black market in the US, experts estimate total wagers to be between $80 billion to $150 billion annually. The high court’s decision is expected to help transfer sizable amounts of betting from the black market back into casinos across the nation. More importantly, it opens up new streams of revenue across the evolving gaming industry as a whole. Legalized US sports betting could put anywhere between $2 billion and $5.8 billion of win (revenue) on the books and generate between $21.9 to $26.6 billion in total economic impact . . .
Joe Mac’s Market Viewpoints
- Joe Mac’s Market Viewpoint: Patience, Patience January 31, 2019
- Joe Mac’s Market Viewpoint: The Right-Half-the-Time Barometer December 22, 2018
- Joe Mac’s Market Viewpoint: The Next Handle December 5, 2018
- Joe Mac’s Market Viewpoint: A Review of Our Change-Driven Themes October 31, 2018
- Joe Mac’s Market Viewpoint: FX Matters September 28, 2018
The Newest Featured Topics
-
US Banks are Well Positioned to Outperform EU Banks in 2019 February 14, 2019
-
The “Fortnite Effect” Foreshadows the Rise of Games-as-a-Service February 13, 2019
-
Silicon Valley Will Savor the Pentagon’s New AI Initiative February 12, 2019
-
Advertising Agencies Get Pushed Aside as Digital Specialists Eat Their Lunches February 11, 2019
-
US Farm Bankruptcies Have Spiked, Threatening Other Agricultural Supply Chains February 7, 2019
Trending Stories
Browse by Category
- ↺ Theme Adjustments
- ★ Featured Topics
- ⚑ Joe Mac's Market Viewpoints
- Biotechnology & Healthcare
- Commodities
- Economics & Trade
- Energy & Environment
- Finance
- Labor, Education & Demographics
- Manufacturing & Logistics
- Markets
- Monetary Policy
- Politics & Policy
- Real Estate & Construction
- Services
- Technology
- Transportation
Browse by Theme
- Ⓛ ASEAN Markets
- Ⓛ CRISPR
- Ⓛ Defense
- Ⓛ Electric Utilities
- Ⓛ Gold & Gold Miners
- Ⓛ Lithium
- Ⓛ Materials
- Ⓛ Obesity
- Ⓛ Oil & U.S. Energy
- Ⓛ Robotics & Automation
- Ⓛ Solar
- Ⓛ Steel
- Ⓛ TIPS
- Ⓛ U.S. Financials & Regional Banks
- Ⓛ Value Over Growth
- Ⓛ Video Gaming
- Ⓢ Autos
- Ⓢ Long-Dated U.S. Treasuries
- Ⓢ U.S. Housing
- Ⓢ U.S. Pharmaceuticals
Browse by Trend
3D Printing | 5G | Advertising | Aerospace | Agriculture | AgTech | AI | ASEAN | Automation | Autonomous Vehicles | Autos | Aviation | Banking | Blockchain | Bonds | Cannabis | CapEx | Carbon | Cloud Computing | Coal | Construction | Consumer Goods | CRISPR | Cybersecurity | Defense | Drones | E-Commerce | Elections | Electric Utilities | Electric Vehicles | Emerging Markets | Energy | Ethanol | Fintech | Firearms | Food & Beverage | FX | Gambling | Gene-Editing | Gold | Graphene | Healthcare | Housing | Hydrogen | Inflation | Lithium | Long-Dated U.S. Treasuries | Lumber | Materials | Media | Metals | Military | Natural Gas | Obesity | Oil | Palladium | Pharmaceuticals | Quantum Computing | Real Estate | Renewable Energy | Retail | Robotics | Solar | Steel | Telecoms | Telemedicine | TIPS | Tobacco | Trade War 2018 | U.S. Sanctions | Uranium | Value over Growth | Venezuela | Video Gaming |Related Posts

US Banks are Well Positioned to Outperform EU Banks in 2019
McAlinden Research PartnersFebruary 14, 2019

The “Fortnite Effect” Foreshadows the Rise of Games-as-a-Service
McAlinden Research PartnersFebruary 13, 2019

Silicon Valley Will Savor the Pentagon’s New AI Initiative
McAlinden Research PartnersFebruary 12, 2019