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Many are now waiting for the two, and other contenders, to turn on the ad spigot again. But not everyone is as optimistic about the size of the U.S. sports gambling market as DiClemente, who estimated that sports betting operators could net $13 billion in 2019. One reason to be cautions: It may take time for the court decision to have a material impact, as legislators will have to come up with legal frameworks for sports betting on a state-by-state basis. GamblingCompliance , a company that tracks the activity across the U.S. and Europe, estimates that in addition to Nevada, five states will have legalized sports gambling before the end of the year. In five years, the number could grow to as many as 38. GamblingCompliance has a more conservative revenue estimate than DiClemente and others, forecasting that sports betting will generate about $1 billion this year and between $2 billion and $6 billion per year in five years. As a comparison: Traditional casinos bring in $40 billion per year. “It’s quite a low-margin business,” cautioned GamblingCompliance analyst James Kilsby.
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