(Sports bettors check the odds at William Hill sports book at Tuscany Casino in Las Vegas.)
Sports fans across the country are showing more willingness to take a financial interest in the outcome of games, and in 18 states that allow sports betting, they may not even have to leave their couch to do it.
In two years since the U.S. Supreme Court ruled against the Professional and Amateur Sports Protection Act, the gaming industry has seen a widespread trend of casino operators partnering with tech companies that offer online and mobile betting platforms.
Penn National Gaming (PENN) acquired a 36 percent share in Barstool Sports, a leading digital sports media company, joining Boyd Gaming (BYD), MGM Resorts (MGM), Caesars Entertainment (CZR) and others going after the estimated $40 billion sports betting business.
Penn paid about $163 million in cash and convertible preferred stock to become Barstool’s exclusive gaming