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.
Computer chipmaker Nvidia is poised to release a quarterly earnings report that is expected to either deepen a recent downturn in the stock market or prompt an ebullient sigh of relief among investors increasingly worried the world’s most valuable company is perched upon an artificial intelligence bubble about to burst.
Emera CEO Scott Balfour discusses soaring energy demand, AI-driven grid challenges, clean-power investments, and how the company is building a resilient future.
JB Mackenzie discusses Robinhood’s new entertainment prediction markets, letting users engage with pop culture, award shows, and more through low-stakes bets.
Rhett Power shares his startup journey, lessons from his early years and insights from his book on overcoming negative self-talk to lead with confidence.
Despite inflation, Americans aren’t giving up the gym. Crunch Fitness CEO Jim Rowley discusses strong growth, value-driven expansion and what the future holds.
Home prices far outpacing incomes, low inventory, and higher living costs are reshaping the market. WSJ’s Veronica Dagher breaks down the challenges ahead.
As commercial options tighten, more travelers are turning to private aviation. Wheels Up CEO George Mattson breaks down capacity and demand challenges.
Layoffs, hiring slowdowns, and shifting skill demands dominate this year’s job talk. LinkedIn’s Kory Kantenga explains what workers should watch for next.