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Now assume no more than 20% of the presumed illegal $150bn sports wagering play is transformed legally. As US states, one by one, approve sports betting, we think up to 14 states will be legal within three years, and around 30 within the next five to seven years. Margins on sports betting are slim. On average the house keeps about $3 for every $100 bet. But this is a volume business and one that's consistent. NFL betting, the biggest piata in the entire space, affords gamblers 16 regular season games to bet on, the playoffs and of course, the mother of all events, the Super Bowl.
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