Gambling in the USA
Morgan Stanley bets big on sports betting in the USA

The US-based management consultancy Morgan Stanley predicts that in the next few years sports betting will become a big business in the US casinos.
The company, which advises MGM on a possible bid for Caesars Resorts, estimates that sports betting could generate $216 billion legally wagered on sports by 2025.
It further predicts a US citizen on average stand to lose $43.50 a year on sports betting.
That $216 billion would result in $11 billion in revenue for the casino operators, Morgan Stanley says. That revenue figure would be equal to last year’s North American movie box office sales.
Part of the reason MGM Resorts, or any other operator, would buy Caesars Entertainment is that Caesars owns 49 casinos across 13 states, making it one of the bigger beneficiaries from legalised sports betting. Caesars is forecast to have a 9 per cent sports betting market share, Morgan Stanley says.
Source: NYPost
-
Asia7 days ago
S8UL Launches 12-City Esports World Cup Watch Party Tour and Exclusive Creator Experience in Mumbai
-
eSports7 days ago
Team Vitality’s Women’s Mobile Legends: Bang Bang Team Crowned World Champions at the Esports World Cup
-
Asia7 days ago
DigiPlus Backs Stricter Online Gambling Regulation
-
Africa6 days ago
Altenar appoints Brendon Jeacocks as Regional Director in South Africa
-
Interviews7 days ago
Betting That Works: DATA.BET’s Performance-First Approach to Sports Expansion
-
Australia7 days ago
ACMA Blocks More Illegal Online Gambling Sites
-
Interviews6 days ago
Roundtable: Why Malta remains the ‘hub’ of European iGaming
-
Interviews7 days ago
CEO of MEDIA24 Interviewed: Industry Scams, Business Insights and SEO