Legalized Gambling Is a Game-Changer
(Bloomberg Opinion) -- The recent Supreme Court decision on sports gambling will lead to a surge in revenue that fuels an explosion of new companies and software. So says Steve Murray, managing partner at early stage venture firm Revolution Growth, and this week’s guest on Masters in Business.
In our conversation, recorded a few weeks before the ruling, he explains how the shift in jurisdiction of legalized sports gambling to the states from the federal government is a game changer. Murray expects this to create an enormous number of new companies and innovative business models. The resolution of this issue is also going to affect major sports leagues, big media, live-sports viewing and even fantasy sports in many unexpected ways.
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