Hundreds of millions of dollars soon could start flowing into online betting emporiums due to a U.S. Supreme Court decision giving states the power to regulate sports wagering. “Right now there’s a tremendous black market for illegal, offshore sports book being offered to U.S. citizens,” said Matthew Kalish, chief revenue officer of DraftKings. “We think it’s in the range of $150 billion being waged that way right now. As the market becomes regulated, we think that market will move into legal, regulated online U.S. operations.”
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SCOTUS Opens Stalls for Online Sports Bettors
Posted by: John P. Mello Jr. May 16, 2018 05:00 AMHundreds of millions of dollars soon could start flowing into online betting emporiums due to a U.S. Supreme Court decision giving states the power to regulate sports wagering. “Right now there’s a tremendous black market for illegal, offshore sports book being offered to U.S. citizens,” said Matthew Kalish, chief revenue officer of DraftKings. “We think it’s in the range of $150 billion being waged that way right now. As the market becomes regulated, we think that market will move into legal, regulated online U.S. operations.”