Don’t suggest to Derek Stevens that smaller sports betting operators can’t compete with industry giants such as DraftKings, FanDuel, Caesars Sportsbook and BetMGM, each of which operate in upward of 20 states and typically combine for as much as 80 percent of a single state’s sports wagering’s monthly revenue.
His Las Vegas-based Circa Sports is launching sports betting operations in Illinois and Kentucky, which will become the company’s fourth and fifth states, respectively, behind Nevada, Colorado and Iowa.
Stevens, who opened Circa Sports in 2019 at his downtown Las Vegas casinos, says he takes a similar approach to the sports betting business in states outside of Nevada.
