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
-
Asia6 days ago
Jetapult Strengthens AI Expertise: Onboards Industry Leaders, Oz Silahtar and Dr. Arjun Jain
-
Latest News7 days ago
ULTIM8 SPORTSBOOK IFRAME: Ultimate Solution for Operators Who Have Seen It All
-
Africa5 days ago
Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited
-
Latest News5 days ago
Kambi unveils agenda for the Festival of Sportsbook 2025
-
Latest News6 days ago
Safe Online Casinos Canada 2025 – List of Secure & Trustworthy Sites
-
Conferences in Europe5 days ago
Altenar Steps in as General Sponsor of EEGS 2025
-
Asia6 days ago
Riot Games announces Legends Ascend South Asia
-
Asia6 days ago
NOVOMATIC: Showcasing cutting-edge gaming innovations for the Asian market at G2E Asia 2025