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For decades, only racetracks and Las Vegas allowed sports gambling in the U.S. Pro leagues were so wary that they refused to even spot a group in "Sin City," lest athletes get caught up in the unseemly habit. In a 2012 court filing, NFL Commissioner Roger Goodell formally opposed the spread of sports betting. The sports betting sector has space to grow, with extra states eyeing legalization and significant media networks with millions of viewers partnering with sportsbooks. DraftKings, Inc., is the biggest business with a sportsbook by industry capitalization. The business is a relative newcomer, founded in 2012 as a fantasy sports platform. It has swayed investors with important media partnerships and by immediately launching sportsbooks in legal states after the Supreme Court permitted states to legalize sports wagering in 2018. Considering the fact that 2018, sportsbooks have generated $20 billion in gross income from additional than $247 billion in bets across the 34 states, plus the District of Columbia, exactly where sports betting is legal.

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