New Jersey and Delaware are the only states to meet their tax revenue projections from sports betting.
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Not surprising.
The whole point of projections on the sell side is to make the numbers look amazing. Often times they do not work out. That is why you see IPOs that generally go down after release the first year or so, as projected / PE estimates are far exaggerated.Comment -
Yeah this means nothing.
East coast getting into legal shops, that's the bottom line.
The base is only going to grow.Comment -
There is not a lot of profit legal sportsbetting
Will be tough for man smaller states with all the costsComment
