DraftKings CEO Jason Robins is optimistic about the future of legal sports betting in some of the country’s largest states, such as California, Texas, and Florida. He acknowledges, however, that the legislative process in these states can be lengthy and may cause delays in the timeline for implementing sports betting.
In Florida, online sports betting is already available, with Hard Rock Bet currently dominating the market. The parent company of Hard Rock Bet has hinted at potential strategic partnerships with major operators like FanDuel and DraftKings.
During an interview with CNBC’s Jim Cramer, Robins highlighted the current state of the sports betting industry, noting that more people are becoming aware of the legality of sports betting in many areas. He emphasized that overall growth in the industry remains strong and described this period as an “important inflection point.”
Robins also suggested that there could be more acquisitions on the horizon for DraftKings as the industry continues to consolidate. The company has already made significant purchases, including the $750 million acquisition of Jackpocket in February, as well as takeovers of Sports IQ and Simplebet in May and August, respectively, for undisclosed amounts.
Overall, Robins remains confident in the future of legal sports betting in the United States and believes that the industry will continue to expand and evolve in the coming years.