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MGM Makes Wager on U.S. Sports Betting

Deal with GVC comes in wake of Supreme Court ruling MGM Resorts International on Monday said it would partner with Britain’s GVC Holdings PLC to set up a U.S. sports betting and online-gambling business, the latest wager that Americans will gamble more after a landmark Supreme Court ruling. The court decision in May opened the door to legal sports betting across the country by invalidating prohibitions in place since 1992 that effectively restricted the legal market to Nevada. The Future of U.S. Sports Betting: In-Play Wagers as You Watch As U.S. states move to legalize sports betting, the Journal takes a look at the world's largest market for the industry—the U.K.—to see how real-time gambling works during a World Cup soccer match. Copyright ©2018 Dow Jones & Company , Inc. All Rights Reserved.

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    Opinion: Legal Sports Betting Isnt Going To Fundamentally Change US Sports

    Legal sports betting The latest (but not only) example comes from Ted Leonsis and the Arena Football League. According to a recent Press of Atlantic City column , the AFL and Leonsis, the owner of multiple sports franchises including two AFL teams, and the Washington Wizards and Washington Capitals, have a renewed interest in bringing a team to Atlantic City. As the Press of AC noted, one of the big draws for them is sports betting: “(Legalized sports betting) is a new frontier for professional sports, and teams who don’t seize on this opportunity will be left behind,” Leonsis wrote on his blog in May. “It’s not hard to imagine in the near future fans on their devices analyzing data, placing bets and communicating with each other in real time during games. Legalized sports betting will only bring fans closer to the game, ramping up the action in each minute and creating more intensity.” Everyone, Leonsis included, needs to calm down and take a deep breath.

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