The Supreme Court created a $1 trillion opportunity on May 14, 2018, when it repealed the Professional and Amateur Sports Protection Act of 1992 (PASPA) and allowed states outside of Nevada to accept wagers on sporting events.
The first couple years of this young trend haven’t been smooth, and while we don’t have to like it, we do have to remember that is par for the course. It is common for brand-new industries to run into regulatory and business hurdles during the first few years.