Whereas betting on organized sports games was once an under-the-table venture, it’s now gone public in a big way. Fox Sports has announced the rollout of a new online betting service.
Fox Bet is expected to launch this Fall in two versions: a no-money betting-for-fun app and a real money wagering platform that will be available in states that allow sports gambling.
This move makes Fox Bet the first-ever sports gambling product backed by a major media company. Fox just recently sunk $236 million into The Stars Group.
Currently, sports gambling is legal in eight states. However, that number could grow to 15 by the year’s end and 30 by the end of 2020.
With so many casinos and betting apps, do you think the days are numbered for Las Vegas and Atlantic City?