Quote:
Originally Posted by nearco
The gross revenue for all the Las Vegas sports books combined in 2012 was $170million.
Last year Will Hill had $1.45 billion in revenue.
Las Vegas sportsbooks are minor league compared to the big British Bookies.
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Much of UK bookies' revenue is now derived from foreign sources.
They long to include the US market, should this country
ever comes to it's senses regarding sports wagering.
It would be the jewel in their crown.
Comparing Nevada revenues to Will Hill's global rake is unfair.
Add in illegal wagers, both domestic and offshore, that originate
in the US, and then you get a much more accurate number on
this lucrative wagering market.
I praise WH for taking the initial risk starting operations here,
but have issues with the nickel and dime operation that they
bought out, while retaining their mediocre management team.
They are gaining name recognition, and are in a good position
to be a leader should expansion come about.
Chances are, though, that this won't happen anytime soon.