DraftKings CEO anticipates that 2025 could bring significant momentum for online sports betting and iGaming legislation, following a relatively quiet 2024. Speaking at Craig-Hallum's 4th Annual Online Gaming conference, Jason Robins expressed optimism about potential state-level developments.

While 2024 saw limited expansion, with Missouri being the only state to approve online sports betting through a voter ballot, Robins expects more activity in 2025, particularly in iGaming legislation. Currently, only seven states permit iGaming: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia.

Looking ahead, Minnesota emerged as a potential candidate for sports betting legalization. With 39 states and Washington, DC already allowing regulated sports betting, the focus remains on untapped markets.

Regarding market competition, Robins acknowledged the current duopoly between FanDuel and DraftKings, which control over 70% of the space. However, he emphasized the importance of remaining vigilant about Tier 2 competitors, including BetMGM, Caesars Sportsbook, Fanatics, and Penn Entertainment's ESPN Bet.

"We don't take anything for granted," Robins stated, highlighting the company's commitment to maintaining their competitive edge through continuous customer focus and innovation.

The CEO's outlook suggests a potentially transformative year ahead for the US online gambling industry, with new state legislation and evolving market dynamics shaping the landscape.

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