Needless to say, a lot more goes into RAS bets than emoji translations. RAS handicappers are quick to spot -- and evaluate -- impactful news items, although Edward says these days information regularly appears to hit the betting market before it lands on Twitter. But social media remains a valuable tool for RAS, just not in the way one might think.
With at least 30 operators expected to apply for those seven licenses, commission officials worry what will happen to dozens of operators that may qualify for temporary licenses. Those would last up to a year and cost the companies a $1 million fee each. After taking bets in Massachusetts, the companies would likely have to shut down once the seven official mobile-only licensees are chosen.
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A 2018 U.S. Supreme Court ruling in a case brought by New Jersey cleared the way for all 50 states to offer legal sports betting should they choose to do so. With that rapid expansion came an expectation in some quarters that internet gambling would almost automatically grow at a similarly rapid pace.
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