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Helping to grow revenue (and ad dollars) is the continued legalization of sportsbooks by states. Last month Massachusetts became the 36th state to legalize sports betting (Washington D.C. has also legalized it). Massachusetts joins Maine, Ohio, Nebraska, Kansas and Florida as states that have legalized gambling but has yet to enact any regulations.

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Sports teams often sign long-term contracts with major global brands. These agreements typically require mutual interest from both parties and specific agreed-upon terms. When sports teams sign these contracts, their jerseys often display logos from the contracted brands. Sports betting companies contact sports teams at specific times in order to encourage them to end their contracts. This is because sporting affiliates provide both parties with significant benefits; fans often bet at casinos that sponsor their favorite teams. Sports team sponsorships involve a lot of costs, and many people use these venues after they¡¯re completed.
At a Chicago Cubs game this summer, my friend stayed amused by repeatedly betting whether a pitch would be faster or slower than the speed DraftKings set as the line. I looked over his shoulder in awe ¡ª both at his borderline degenerate behavior and the impressive technology, which quickly updated its numbers between pitches.



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