DraftKings CEO Jason Robins is confident about expansive legal sports betting markets coming to the country’s biggest states in the coming years, like California, Texas, and Florida. While optimistic, he also admits that lengthy legislative processes can delay timelines.
Florida already has online sports betting, with Hard Rock Bet controlling the entire market. Its parent company, though, recently hinted at potentially striking strategic deals with big operators like FanDuel and DraftKings.
people are now aware sports betting is legal in most places
Talking to CNBC’s Jim Cramer on Thursday, Robins emphasized that the sector is at an “important inflection point” as people are now aware sports betting is legal in most places, and overall growth remains strong.
He hinted that more acquisitions could be on the horizon as the industry continues consolidating. DraftKings may look to add to its $750m purchase of Jackpocket in February and its takeovers of Sports IQ and Simplebet in May and August, respectively, for undisclosed sums.