December 24, 2019 Sports Betting, Casino

DraftKings CEO: US sports betting market could reach tens of billions in revenue

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On the heels of the news DraftKings will go public next year, CEO Jason Robins sat down for an interview with Bloomberg, where he said the US sports betting market could bring in tens of billions in future revenue.
Robins told Bloomberg: “The real question will be how many states legalize sports betting and that more than anything will is going to determine size and potential. We think it could ultimately end up being the largest sports betting market in the world.
 
“I’m very excited to see there’s momentum behind that in the States. It’s nice also to look at other markets and see how on a per capita basis to come up with some sort of range for how big this could be in the United States.”
 
DraftKings launched its Sportsbook in New Jersey in June 2018 and has since expanded into West Virginia, Pennsylvania, Indiana and soon New Hampshire.
 
New Hampshire will roll out its DraftKings product by the end of the year.
 
Robins predicts the big four sports of baseball, basketball, football and hockey will propel the market in the coming years.
 
Robins said: “Those are sports we think have been underdeveloped from a sports betting perspective, because they’re not as popular in other parts of the world where much of the sports betting technology and market making has been created.”
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