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We are about to find out. More than half of U.S. states now allow some form of online sports betting (some only allow in-person options), and others appear likely to follow in the next few years. The normalization of a practice that was considered taboo less than a decade ago �� combined with addiction risks that are unique to gambling on sports �� may have created a combustible climate.
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ON AUGUST 3RD, the DraftKings stock price closed at $16.82, down significantly from its 52-week high of $64.58. People are gambling on sports, but the companies aren��t benefiting �� at least, not on Wall Street. So what gives?
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