Momentum in State-Level Legalization Efforts
DraftKings CEO Jason Robins is optimistic about the expansion of sports betting and iGaming in the U.S., citing increasing legislative momentum. With several states considering legalization measures, Robins believes major progress is on the horizon.
Key States to Watch in 2025 and Beyond
States like Mississippi, Oklahoma, Georgia, Minnesota, and Texas are actively debating sports betting bills, while Illinois, Maryland, and New York are exploring iGaming expansion. Given that only seven states currently allow online casino gambling, even a single new market would be a significant win.
The Battle Over Taxation and Market Stability
While legalization efforts are gaining traction, DraftKings and other operators are also facing challenges, including potential tax hikes in states like Maryland, Ohio, and New Jersey. Robins emphasized the need for a balanced tax structure to prevent the illegal market from gaining traction.
The Future of Online Gambling in the U.S.
DraftKings’ strong financial performance in iGaming markets suggests that online casino gaming will be a key revenue driver moving forward. With sports betting already legal in 38 states, the push for broader iGaming adoption is expected to gain even more traction in coming years.
Personal Insight
DraftKings’ strategy of pushing for iGaming legalization alongside sports betting expansion is a calculated move that could significantly impact the industry. Online casinos generate higher margins than sports betting, making them a valuable long-term asset. As more states see the revenue potential, it’s likely that regulatory resistance will gradually decline, paving the way for broader adoption.
