2 March 2020

The US sports betting market has largely been driven by incumbents and established brands, with many taking the view that the high regulatory costs present too large a hurdle for new challengers to jump. Bet.Works proves that isn’t the case. With an experienced team, backed by some notable investors, it has already launched in two states. CEO David Wang talks us through the company’s creation.

There’s also evidence of operators preparing to upset the established order. While the legacy daily fantasy businesses have built up an early lead in US sports betting, it looks as if some of the land-based brands are preparing to take them on in 2020. Penn National Gaming, for one, has big plans to leverage its land-based business to become an online leader.

 

  • magazine_issue
    3 October 2018

    Compared with igaming, which has experienced glacial progress since the first three states went live in 2013, US-regulated sports wagering has come flying out of the blocks.

  • magazine_issue
    25 June 2018

    The huge mainstream media coverage of SCOTUS’ lifting of the 25-year sports betting ban reflects how transformative this will be not just for US gaming but for a culture of sports so deeply embedded in American society.

  • magazine_issue
    25 April 2018

    Seven states currently have legalization bills on the books, while the US professional player unions are now demanding a seat at the table, claiming they “cannot allow those who have lobbied the hardest for sports gambling to be the only ones controlling how it would be ushered into our businesses.”

  • magazine_issue
    7 December 2017

    This issue drops just after the oral arguments got underway in Christie vs NCAA et al in the US Supreme Court, which one of the US’ preeminent gaming law experts, Professor I Nelson Rose, is describing as the “case of the century”.

  • magazine_issue
    10 November 2017

    Pennsylvania stands on the brink of becoming the fourth US state to authorize and regulate igaming within its borders, after the gaming expansion bill finally passed through both chambers

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