Future of Sports Betting
Tuesday, December 15th, 2015ESPN estimated that $95 billion will be bet on NFL and NCAA college football in the 2015-16 season. In comparison, NFL as a whole, which is more powerful and more profitable than it has ever been before, will make roughly $12 billion this year. While $95 billion is a staggering number, what might be even more staggering is that 96% of that 95 billion will be gambled illegally.
That’s a tremendous amount of unregulated gambling going on in the United States and a potential industry ready to flourish. Just looking at explosion of websites like FanDuel and DraftKing, which have recently run into legal issues of their own, there’s no doubt that there’s an incredible demand for organized betting.