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For anyone trying to predict where the sports betting market in...

  1. 19,609 Posts.
    For anyone trying to predict where the sports betting market in the US is head, you only have to look at the NFL.

    Traditionally, the NFL owners have stayed well clear of Vegas for fear of tarnishing the sport’s reputation. Only a few years ago, an NFL fantasy convention in Vegas was shut down just a few weeks before being staged. Fantasy football is a billion dollar business and the NFL’s initial apprehension over it being a form of gambling has now pretty much subsided, especially since Robert Kraft (owner of the New England Patriots) and Gerry Jones (cowboys) have a stake in one of the biggest fantasy football companies called Draft Kings. Draft kings are also getting into the sportbook industry.

    It was always taboo to even consider putting a team in Vegas. However, with the Oakland Raiders moving to Vegas next year yo became the Vegas Raiders, this is a massive shot in the arm for the legalisation and growth of sports gambling,

    The big corporate bookmakers must be salivating over this. On top of this, the Supreme Court only a few months ago overturned a federal law which banned sports betting,

    This is huge for the US and many states will be eyeing off the extra revenue stream that gambling provides.
 
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