The U.S. Supreme Court struck down the federal ban on sports betting on Monday. But long before that, Nets ownership had already started mulling how to cash in when the inevitable happened and legal wagering became a reality.
After New Jersey finally won a six-year fight to get sports gambling legalized, the Garden State should be the first to start seeing revenue, with the gaming research firm Eilers & Krejcik conservatively estimating it could rake in $250 million. Expect New York to be right behind, which opens the door for Brooklyn.
“The ruling opens up a lot of potential,” Nets owner Mikhail Prokhorov said.