Sports Betting Goes Mainstream Following NFL Deal -- How to Get in Early
Since the U.S. Supreme Court overturned the federal ban on sports betting in May 2018, 20 states have legalized it. Now, only Utah, Idaho, and Wisconsin do not have some kind of legislation related to sports betting in the works.
Some estimates say Americans bet $150 billion illegally on sports each year. NBA commissioner Adam Silver has said the amount of money being bet on sports in the U.S. could be up to $400 billion per year. The market is large and, when legal and regulated, the betting experience will be divided among retail sportsbooks and with mobile and online bets.
Adam Silver may be the most vocal of major sports league commissioners on the topic, but a recent deal between MGM Resorts International (NYSE: MGM) and the NFL's Denver Broncos shows that sports betting is moving into the mainstream, and investors have several ways to go along for the ride.
Source Fool.com
