New York Is Getting Closer to Mobile Sports Betting: Why It Might Not Be a Jackpot for DraftKings
New York has long since allowed sports betting in the state. However, it has only recently considered allowing mobile sports betting. The big difference with mobile sports betting is that you can wager from anywhere in the state, so long as you have a mobile device.
Because you no longer have to be physically inside a casino to bet on your favorite team, this expands the market. And New York is not alone. There's been a wave of legalization nationwide since the Supreme Court overturned the Professional Amateur Sports Protection Act in May 2018.
DraftKings (NASDAQ: DKNG) is the company that offers mobile sports betting in the most states, and it stands to benefit if New York follows through and chooses it to be one of the few exclusive providers of mobile betting in the state.
Source Fool.com
