What Are the Odds Verizon Becomes the New King of Sports Betting?
The acquisition of Yahoo! by Verizon (NYSE: VZ) hasn't paid off quite the way the telecom giant likely hoped it would, but it may yet fuel some of its biggest growth opportunities.
In November, Verizon announced it was going to expand on the Yahoo Sports brand by making it a center for sports betting. When it debuted, only people using the app in New Jersey could place bets, but Verizon plans to expand it this year to five more states were wagering on athletic contests is legal. As more states start to allow people to bet legally on sports, Yahoo could realize a good portion of its potential.
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Source Fool.com
