‘A Band-Aid on a dam that's breaking': Missouri's entry into the exploding sports betting industry shows cracks in America's prop-bet frenzy [Fortune]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Fortune
Most states provide some money for problem gambling services. Missouri's new sports betting program allots at least $5 million annually for that purpose. No national standard for prop bets Prop bets on professional athletes are currently allowed in every state that has legalized sports betting, though legislation proposed in New Jersey would ban them. Ohio Gov. Mike DeWine has urged state regulators to end player-specific micro betting and told The Associated Press recently he regrets signing the law that legalized sports gambling in his state. States have widely differing rules for bets on college athletes. More than a dozen states place no limits on collegiate prop bets while an equal number prohibit all such bets. Other states fall somewhere in between. Missouri is one of over a half-dozen states with a prop bet prohibition pertaining only to games involving college teams from their states. Missouri's restriction was included in a constitutional amendment authorizing sport
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Sec Filings
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