Legal Sports Betting Coming to the US Nationwide

Legal Sports Betting Coming to the US Nationwide

Legal Sports Betting Coming to the US Nationwide


Gambling market analysis reveals that the market for legal sports betting could be as much as $60-B annually nationwide.

Analyst David Katz of the Jefferies & Company is projecting modest near-term positive effects on the gambling industry following Monday’s Supreme Court ruling.

Mr. Katz’s analysis says regional casino operators Penn National Gaming (NASDAQ:PENN) and Caesars Entertainment (NASDAQ:CZR) 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 4 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.”

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.