Its latest gaming research states more states are likely to legalize sports betting soon, and New York is considered as a significant long-term opportunity. The company expects USD 5 billion of US sports betting revenue in
More states likely to legalize sports betting soon
In December, Morgan Stanley increased its expectation for 10 states (including DC) to legalize sports betting in 2019. However, only DC has legalized year-to-date while some states are approaching the end of their legislative sessions. Still, a number of the companies and experts met are bullish, suggesting sports betting bills in some states are close to passing.