"There are six states so far when betting is legal, including Nevada. In the next two years or so we expect maybe 11 more, taking us nearer 20 that permit betting. But the market needs to compete with the existing offshore market. So, what has changed?” Mintas said.
"Well US$200bn is bet outside the US every year so in order to convert that unregulated offshore market the regulators need to give the betting operators the right legal framework. But then some taxes are too high - nearly 60% in Delaware, 36% in Pennsylvania.”
“The regulated operators need to be permitted to compete with the offshore industry. People need to be educated. We try to educate the stakeholders on what the challenges might be if the market is too restrictive,” Mintas continued
"I don't see a federal law in the next few years. I also think it’s a huge market opportunity for all the different stakeholders. You have 350 million people in the US all speaking the same language. Compare that to Europe, for example. It is a massive opportunity."
Delaware governor John Carney made history on 5 June by placing the first official US sports wager outside Nevada at Dover Downs Hotel & Casino’s Race & Sports Book.
Source: GMB / Totally Gaming
