Market Opportunity
U.S. Regulation Now Awarded to the States!
STRIKING DOWN A 1992 LAW THAT BANNED SPORTS GAMBLING, THE U.S. SUPREME COURT ON MONDAY PAVED THE WAY FOR SPORTS BETTING TO BECOME THE NEXT POT: REGULATED BY THE STATES, WITH WIDELY VARYING LOCAL LAWS AND A WIDE RANGE OF COMPANIES GETTING READY FOR THE NEXT GOLD RUSH.
-Variety Magazine, May 2018
Multi-Billion Dollar Market Opportunity
US Market
Global Market
Growing Adoption Among the US States
As of 2024, sports gambling and mobile sports betting have experienced widespread legalization across US states and territories. Currently, sports gambling is legal in 38 states and territories, representing a significant expansion from previous years. Similarly, mobile sports betting has seen rapid adoption, with 30 states and territories permitting its operation. This trend reflects a shift in attitudes towards gambling, driven by the potential for revenue generation and the desire to regulate an activity that was previously conducted largely in the shadows. With ongoing legislative efforts and evolving consumer preferences, the landscape of sports gambling and mobile sports betting in the US continues to evolve, presenting ample opportunities for growth and innovation.
Global Growth Estimates
Why Now? Historical Competitive Timeline
Market Far From Reaching Full Potential
While the milestones of legalized sports betting that have led up to now are remarkable, this industry is excitingly still far from being fully realized.
-Jason Robins, CEO of DraftKings