Why Partnerships Are Key for Penn National Gaming
A sports gambling legalization wave is under way. In May 2018, The Supreme Court overturned a federal law passed in 1992 that banned sports gambling in most states. Since then, 22 states (plus Washington, D.C.) have legalized the activity.
The expansion of this young market has been brisk with one estimate putting annual growth at 11.5% through 2025. Though the COVID-19 pandemic halted major U.S. sports temporarily, major athletic events and the betting that goes with them will both be back one way or another. Even without fans in the stadiums and arenas, sports gambling will go on, and recent events such as the NFL draft and several PGA tournaments have already broken gambling records.
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Source Fool.com
