DraftKings, FanDuel launch mobile sports betting in Vermont as industry keeps booming
Publishing timestamp: 2024-01-11 16:58:11
Summary
Vermont has launched mobile sports betting, becoming the 29th state to legalize it. The industry is booming, with total revenue expected to reach almost $10 billion in 2024. Vermont has selected DraftKings, FanDuel, and Fanatics to operate its sportsbooks. The state expects to raise millions of dollars in revenue from sports betting and has outlined rules and resources for those with gambling problems. The online sports betting industry in the US is projected to reach billions of dollars in revenue in the coming years.
Sentiment: NEUTRAL
Keywords: draftkings inc, sports, sports betting, thomas dinapoli, vermont, business news, flutter entertainment plc,
Source: https://www.cnbc.com/2024/01/11/fanduel-draftkings-launch-online-sports-betting-in-vermont.html