Any casino is already generating nearly $9 billion a year in California alone.

Some kind of revenue split, Fogel said, could get a similar deal done in California. Legalized sports betting continued its expansion in 2023 with six states either passing legislation or beginning to accept wagering, Fanatics got into the business and professional leagues and college athletics continued to further embrace the industry. Connecticut and New Jersey reached deals, Fogel said, because those states made agreements with the tribal casinos.įILE -Screens display betting information inside Caesars Sportsbook inside Rocket Mortgage FieldHouse, Thursday, Dec. He said the tribes could be receptive if approached correctly. You've got to proactively come to them with an idea of how to get their support because without their support, this is going nowhere.” That's the trick here, what everybody needs to get their heads around. “Remember, the tribes don't need this,” Fogel said. By clicking Sign up, you agree to our privacy policy.

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