Business
ASX 10-bagger joins Michael Jordan in US gold rush – The Australian Financial Review
PointsBet’s capital raising is a model of fairness for existing investors. Now it needs to pull off huge growth ambitions shared by none other than Michael Jordan.
Following a US Supreme Court decision in 2018, 18 of the 51 states have legalised sports betting and many more are expected to follow in the coming years.
Goldman Sachs said in May the online sports betting market could be worth $US27 billion a year by 2033, assuming all states legalise.
PointsBet operates in Iowa, Indiana and New Jersey, where it is based and has built itself into that markets fourth biggest player. The goal is to keep expanding, with Colorado, Michigan and Illinois its next …
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