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“We’re ready to go,” Levin said in an interview last month as he escorted a visitor past the living-room-like set that TVG uses, Bloomberg reports.
“Morning Line,” a program that looks at the odds on horse races at the start of the day, could easily be switched to offer other coverage, he said.
Although Sports Betting is legal in four states, Nevada is the only U.S. state which allows full sports books where customers can wager on individual games.
However, this situation could change as the Supreme Court is weighing New Jersey’s attempt to have a 1992 law banning Sports Betting struck down as unconstitutional.
A positive outcome could trigger a wave of states legalizing betting on football, basketball and other competitions.
Gambling legislation typically favors existing operators like casinos and horse tracks.
But a handful of European companies that run betting shops and online wagering overseas are likely to participate as well,
giving Paddy Power and some of its rivals a stake in what’s expected to be a multibillion-dollar business on this side of the Atlantic.
“Paddy Power seem to be potentially well-positioned in the U.S.,” said James Kilsby, a managing director with Gambling Compliance, a consulting firm.
“They check a lot of boxes when you think about the kind of experience and assets that might be an advantage in the U.S. sports-betting market.”
A Dublin-based chain of betting parlors founded in 1988, Paddy Power has been positioning itself for expansion in the U.S. for the past three years.
In 2015, it merged with Betfair, an online wagering business in Europe that owned TVG.
Last year, Paddy Power acquired Draft, a fantasy sports app operating in 35 states.
The company also launched the Betfair Exchange, an online wagering service for horse racing in New Jersey that matches customers on both sides of a bet,
taking a cut of the winnings. The company operates similar exchanges in Europe and Australia, handling wagers on sports including soccer, rugby and boxing.
Paddy Power’s biggest presence in the U.S. is TVG, which is available in 45 million homes.
But the key to the company’s profits is taking bets online on behalf of horse tracks through the TVG’s website, which operates in more than 30 states.
“We’re ready to go,” Levin said in an interview last month as he escorted a visitor past the living-room-like set that TVG uses, Bloomberg reports.
“Morning Line,” a program that looks at the odds on horse races at the start of the day, could easily be switched to offer other coverage, he said.
Although Sports Betting is legal in four states, Nevada is the only U.S. state which allows full sports books where customers can wager on individual games.
However, this situation could change as the Supreme Court is weighing New Jersey’s attempt to have a 1992 law banning Sports Betting struck down as unconstitutional.
A positive outcome could trigger a wave of states legalizing betting on football, basketball and other competitions.
Gambling legislation typically favors existing operators like casinos and horse tracks.
But a handful of European companies that run betting shops and online wagering overseas are likely to participate as well,
giving Paddy Power and some of its rivals a stake in what’s expected to be a multibillion-dollar business on this side of the Atlantic.
“Paddy Power seem to be potentially well-positioned in the U.S.,” said James Kilsby, a managing director with Gambling Compliance, a consulting firm.
“They check a lot of boxes when you think about the kind of experience and assets that might be an advantage in the U.S. sports-betting market.”
A Dublin-based chain of betting parlors founded in 1988, Paddy Power has been positioning itself for expansion in the U.S. for the past three years.
In 2015, it merged with Betfair, an online wagering business in Europe that owned TVG.
Last year, Paddy Power acquired Draft, a fantasy sports app operating in 35 states.
The company also launched the Betfair Exchange, an online wagering service for horse racing in New Jersey that matches customers on both sides of a bet,
taking a cut of the winnings. The company operates similar exchanges in Europe and Australia, handling wagers on sports including soccer, rugby and boxing.
Paddy Power’s biggest presence in the U.S. is TVG, which is available in 45 million homes.
But the key to the company’s profits is taking bets online on behalf of horse tracks through the TVG’s website, which operates in more than 30 states.
