In Pennsylvania, it’s been 26 years since the last legal bet was placed on a game, play, or point spread.
That is, until two weeks ago.
On Nov. 15, a local resident walked into the Hollywood Casino at Penn National near Harrisburg and put $20 on the Pittsburgh Steelers to win the 2018 Super Bowl.
Of course, it’s too early to tell how his bet will fare.
But it’s not too early to see the excitement surrounding the newest addition to casinos.
You see, this isn’t the pen-and-paper operation at the corner candy store where your father used to place his bets. Gamblers log their bets at high-tech kiosks without ever talking to a person, saving time and minimizing mistakes.
There are additional kiosks where patrons can customize their screens so they’re only watching the games they choose. The screen shows in-play odds, and wagers can be placed directly onto the screen.
Three more Pennsylvania casinos are preparing to open their sportsbooks in the next few weeks.
Fact is, it’s never been easier to bet on sports.
You see, in May, the Supreme Court backed the state of New Jersey’s bid to legalize sports gambling by overturning a 1992 federal law that had prohibited states – besides Nevada – from legalizing sports gambling.
Now, it’s up to individual states whether to legalize sports betting.
Since the Supreme Court ruling, seven states have legalized sports betting – and at least 14 more states are considering legalization.
Two weeks following Pennsylvania’s big move, Rhode Island opened its first legal sportsbook at Twin River Casino – making it the last of the initial seven legalized states to go “live” with sports gambling.
In the next six months, Rhode Island could be looking at $11.6 million in new revenue from sports betting – and Pennsylvania is looking at considerably more than that.
Legal sports betting has many fans excited. Before the federal ban was lifted, many placed their bets on shady, slow-to-pay websites. On top of that, the check usually came from an offshore company – an obvious red flag at the bank.
Now, sports betters won’t have to worry about the concerns that come with illegal gambling.
Maybe you’re not ready to put money on your favorite football team or wager on who will score the first points in March Madness – but you’re an investor who wants a way in on this brand-new industry. We’re talking about a months-old sector that has the potential to skyrocket from $4 billion to $6 billion all the way to $400 billion in the next few years (the current size of the illegal U.S. sports betting market).
Well, if you play this new industry our way, you’ll find it hard to lose.
With the rise of a new market, new innovations will come with it. All these new sportsbooks will need technology that allows gamblers to place their bets, and then records and tracks all the data from there.
That’s why we’ve done hours and hours of in-depth research to unearth the firms that make the best, most innovative sports gambling tech.
We’re talking about a couple of tiny Silicon Valley–style companies. They’re about to get bombarded with business like they’ve never seen before.
And as more and more states go legal, their shares could shoot sky high.
You’ve seen this “movie” before – with legal marijuana stocks.
So you know you don’t want to miss out on another emerging industry as it spreads from coast to coast. We’ve put together a presentation that unveils some of the key details about these two tiny tech firms.
It’ll take just a few minutes of your time to check it out. Click here to see it.
After that, I hope you’re able to enjoy some great games this weekend.
The post A New Wave of Wealth-Creating Legalization (Not Cannabis) Hits America appeared first on Strategic Tech Investor | Michael A. Robinson.
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