RE:RE:RE:RE:US Illegal betting...as high as 400B$To do the math take $150 handle * 5% = GGR. Now add sports league fees, taxes, operating expenses = industry profit
now a % of industry profit will be online... take that # and divide it by the number of dominant players. That is the expected profit bump.
Multiply expected profit bump by 13x and you have the appropriate increase in market cap based on your assumptions.