Sports betting legalization could be closer in Texas than it is in California, at least in the eyes of BetMGM and its chief executive officer.
In Texas, the legalization lobby might have gained another ally with the recent multibillion-dollar purchase of a controlling stake in the NBA’s Dallas Mavericks by the families behind casino operator Las Vegas Sands Corp.
However, for one major sportsbook and online casino operator, BetMGM, the odds of legalization look better for Texas than they do for California. I have made it to NEXT Summit New York 2024 in Manhattan. First panel of the day is about predictions for 2025. Betr CEO Joey Levy says the distribution model for operators will have to change.BetMGM was part of the coalition of operators that tried and failed to legalize online sports betting in California in 2022, so those scars and lessons are still relatively fresh.
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