If California legalizes, sports betting is likely to become legal everywhere in the U.S. ![]() The explosive growth follows two-and-a-half decades in which Congress gave Nevada an effective monopoly on athletic wagering in America. have authorized sports betting, birthing a sector expected to generate tens of billions of dollars in revenue once those markets are fully operative. “This is going to be a half-a-billion-dollar battle for control of the most lucrative betting market in the world.” ![]() sports betting markets,” said Daniel Wallach, a Florida-based attorney who has advised various players in burgeoning sports wagering states.
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