The Super Bowl kicks off a conversation about the growth of sports betting and how both the legal system and major sports are embracing the new profit potential, and Michael Kosta offers an “Uncut Gems”-style look at the future of the industry. #IfYouDontKnowNowYouKnow #MichaelKosta
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There is an industry with immense revenue-generating potential which seems to be still largely untapped in the United States: online sports betting. In this episode, we’re joined by Will Hershey, Co-Founder and CEO of Roundhill Investments, to review the beginnings of online gambling and its current landscape. In 2018 online gambling became legal at the federal level, giving individual states a the ability to decide how they want to deal with it (and some are doing so more successfully than others). In this fascinating conversation, we discuss the dramatic impacts that online sports betting could have on the sports industry as a whole, why there is so much nascent opportunity in this sector, some best and worst practice examples when it comes to regulating and taxing it, and a few mind-blowing statistics about just how big the industry is expected to be in a few years’ time!
Key Points From This Episode:
-Will provides us with a historical picture of gambling in the United States.
-What the repeal of PASPA in 2018 meant for online gambling.
-Current revenues being generated by sports betting and iGambling.
-The three categories of online gambling and how they are being treated differently from a regulation standpoint.
-Market opportunity that Will sees in Daily Fantasy versus sports betting.
-Why Will believes the highest revenue-generating potential exists in iGaming.
-Will explains the model that New Jersey is using for sports betting, and why it works has worked so well.
-How online betting platforms are making themselves stand out.
-Sports betting as a “savior” for sports in general.
-B2B versus B2C players in the sports betting world.
-Parts of the world where online sports betting is in more mature phases.
-Changes that the shift from physical to digital is going to could bring about.
-Partnerships between online sportsbooks and casinos.
-Ideas around what the future of betting could look like.
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If you don't know why we're doomed, you're not paying attention: The answer to the Fermi Paradox is that they know we're going to destroy ourselves.
"Biggest in HISHTRY"
You know that us health Care is expensive
When are you interviewing Elon Mask? Mzansi
The projections are scary 😳.
that kid's got a future… i'd watch that movie.
Howard has a serious gambling problem 🤣🤣🤣🤣🤓🙆🏽♂️🙆🏼♂️
Everything’s legal in New Jersey
6:17 This is how I view most professional sports: as a child's game taken WAY too seriously by adults. I can't imagine liking any sport so much you'd want to continue playing it past high school, let alone watching other people play it. If hopscotch became a serious sport like football, it wouldn't be any more absurd than football or other sports where adults are playing a children's game professionally.
I don't know or care much about sports, but I thought the reason sports betting was disallowed was the temptation of athletes to throw games in order to win a bet for themselves or others?
Trevor, I just don't find you funny. Actually, your attempt at comedy is sad.
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I meet a lot of people that say they want to win money betting sports. As with most things in life you can tell how badly someone wants to achieve a goal by what they are willing to sacrifice to obtain it. Most bettors don’t have the time, energy or discipline to win long term. Paying someone for picks is NOT a way to win long term, you have to invest in yourself and learn how to identify value and find predictive indicators in the market. There’s the art and the science in sports betting. I run a sports betting educational platform focused on teaching bettors everything I’ve learned over the past 20 years. Follow me on IG @TBN_Lefty to learn more on how to join the best sports betting educational community there is.
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Wow it wasn't until toward the end that I realized who played Howard. Well played, the facial hair did wonders…