Online Operators Stand to Cash in Big With Legalization of Sports Betting Says USBets CEO Adam Small
*By Samantha Errico*
Since a Supreme Court ruling in May, seven states have legalized sports betting ー and Adam Small, the CEO of gambling magazine USBets thinks Ohio, Virginia, Kentucky, and Louisiana may be next.
"We have a whole bunch of states that are interested, 20 to 30 states that could be looking at passing laws," Small told Cheddar Tuesday.
On May 14, 2018, the U.S. Supreme Court overturned [*Murphy v. NCAA*](https://www.supremecourt.gov/opinions/17pdf/16-476_dbfi.pdf), a law from 1992 that banned sports betting in most states. Since then legal sports wagering is up and running in seven states: Nevada, New Jersey, Pennsylvania, Delaware, Mississippi, West Virginia, and Rhode Island.
According to Small, each state has its own discrete legal requirements ー which may slow the path to legalization in certain regions.
He predicts that big-name companies like ESPN will eventually enter the market ー especially from Small's vantage point at the ICE Sports Betting USA conference [in New York City](https://www.sportsbettingusaconference.com/).
He added that mobile and online operators are generating the most revenue from legal betting thus far.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
Grove Collaborative’s CEO shares how the company is reinventing everyday goods with sustainability at the core and working toward a plastic-free future.
Atlanta Mayor Andre Dickens shares plans for affordable housing, community-led growth, and why private and public grocery stores could be key to food equity.
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.