Sports betting is continuing its integration into modern sports culture, and industry leaders do not expect the growth to slow down any time soon.
Executives from FanDuel, Fanatics, DraftKings and Sportradar, a firm that provides data to sportsbooks, spoke at CNBC x Boardroom’s Game Plan sports business event on Tuesday afternoon, discussing state taxes, new betting trends and the companies’ obligations to police safe betting practices.
Of those three companies with sportsbooks, Fanatics is the most junior in the space. The Michael Rubin-led company launched its sportsbook last year and later acquired PointsBet’s U.S. assets as it plays catch-up to the others, which is not cheap.
