Complications with Gambling Laws

Complications with Gambling Laws

I don’t foresee that, and I don’t foresee it because while there is nonstop attention and conversation about this topic, I actually believe this is gonna be a slow build, in terms of the number of states that come online and how they come online over time. I mean, we’ve got eight states that have legalized, six of eight are operational right now, I mean, you could have different predictions for where it’s gonna be, I would sorta say by the end of this season we get 15, I mean, there are some states where this is super complicated, take California as an example, where the Indian tribes have come out publicly and said that based on compacts entered into 100 years ago, all of this revenue is theirs. So, they’re gonna have to fight that out with the state, they’re gonna have to have a constitutional amendment, there’s an awful lot that’s gonna have to go on for some of these states to actually legalize this.

And my prediction is that that will all happen in kind of a ramped way, where it just comes in, it builds pretty slowly over time. And then of course, the other piece of it is, the league revenue, to your point about building our BRI base, that’s gonna be dependent upon what kind of revenue we’re receiving. If we end up being successful in some of our lobbying efforts and getting a royalty fee as a legal matter, that will change the revenue posture and move things in one direction, if it’s only commercial deals that we’re making, it’ll be different, so, the short answer is, I don’t see a big spike coming in, I’d be happy to be wrong, but I sorta see it sorta building in slowly. – Can I also add something to the question about what are the players’ interests here.

So there’s already been talk amongst the players’ unions that they have a right of publicity interest, and that there may be a spate of new litigation in the intellectual property space, where players and perhaps even the leagues argue for yet another way that they should be able to monetize sports gambling, to the extent that the sports books and their partners are using league intellectual property visibly to market their product. – When you talk about the monetization, it works both ways. The operators are monetizing, not just from the revenue they’re making from sports wagering, comes an amenity for all sorts of other forms of financial benefits they’re gonna receive from that actual event, whether it’s a casino or racetrack or even a mobile site, there’s other forms of financial benefits they can receive, and you know, they’re kept very close to the chest, and I’d say the same thing as with the leagues, there’s other forms of financial benefits that are clearly in play here, and you’ve heard Mark Cuban say that, you know, thank you very much to the Supreme Court, the value of my team just doubled. And then you have advertising money, and you have sponsorships, and you have more people engaged in watching your event, so therefore, the future advertising dollars coming to the leagues may go up.