American Share Market: Sports Betting Investments See Sharp Rise in American Sports Betting Industry

American Share Market: The American sports betting industry has seen a great leap in the past few days, making the industry worth $10 billion in 2018. In the future, there is a high hope that this industry will grow even more. In 2018, the US Supreme Court made a big decision, giving the right to approve legal sports betting in the States. After this judgment, many states in America legalized sports betting and since then this industry has grown rapidly. 

American Sports Betting Industry

Goldman Sachs Research believes that the industry will continue to grow. There are two major reasons behind this growth. One is the increase in legalization in the new states and the other is the increased cost of people. According to Goldman Sachs, this industry is still in its middle phase and more than half of the states have legalized mobile sports betting. Also, the number of sports is also increasing and the cost of promotions is also decreasing gradually.