According to Forbes, “Estimates for the total value of underground sports betting range from $150 billion to as much as $400 billion, and one report estimates that expanded legal sports betting could generate around $12 billion per year in gross gaming revenue, which is the amount of total wagers less the amount paid out to winners.”
This also may negatively impact Nevada as other states open up and people won’t have to travel to Las Vegas to gamble on their favorite teams.
What will the future of sports look like? Will you be able to bet on games right outside of them? Where will the sports casinos open up in your town? W
America Reacts to Sports Gambling
I hope this doesn't take all the fun out of #OfficePools during #MarchMadness. It seemed exciting when it was #illegal. #SportsGambling
— Todd Bryant (@thetoddbryant) May 14, 2018
Living 5 minutes outside of #AtlanticCity this is huge news for the potential growth of the city, but also love the timing of this with the new casinoes opening up, this will open up of the floodgates #sportsgambling
— Rich Quiñones (@RichQonQ) May 14, 2018
I enjoy a bet as much as the next guy but let's not pretend there won't be only two winners from today's #SCOTUS decision: the house and the government creaming taxes off your losses. #SportsGambling
— Robert Lusetich (@RobertLusetich) May 14, 2018