Americans love sports betting even more than we thought.
Sports betting has also kept the Meadowlands Racetrack in northern New Jersey, just across the Hudson River from New York City, alive.
While additional money for state governments was used as a selling point for legal sports betting, another goal was consumer protection, allowing customers to bet with entities regulated by the government, where their deposits are secure and there’s no danger of a sports book suddenly disappearing with someone’s cash.
What will the next five years look like? Chris Krafcik of Eilers & Krejcik predicts more multi-faceted deals among teams, leagues and stadiums, and among betting operators and media companies, hotel chains, and beverage companies.
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