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Why US sports betting could become a $45 billion business
US sports betting has rapidly grown into a $10 billion industry since a 2018 Supreme Court decision allowed US states to legalize the practice. Significant expansion could remain ahead, according to Goldman Sachs Research. “We expect growth to be driven by a combination of new state openings and a higher share of the consumer wallet being spent on sports betting over time,” says Ben Andrews, head of leisure and travel research for Goldman Sachs Research in Europe, where legal sports betting companies have a longer history. Based on a model that evaluates states’ propensity to approve sports betting legislation ... (full story)