Here is an excellent insight into how the commercial sports gambling operation works by a gambling insider and why the illegal market grows under a system of legalization: https://www.cdcgamingreports.com/commentaries/its-too-soon-to-start-high-fiving-over-legal-sports-betting/

Billionaire investor George Soros holds stake in DraftKings Yogonet, May 13, 2020 The 89-year-old philanthropist is one of several big-name investors to receive shares in the sports-betting company since it went public through a reverse merger on April 23. According to a filing last week with the U.S. Securities and Exchange Commission, Quantum Partners, an investment vehicle run by Soros Fund Management, holds 2.7 million DraftKings Class A shares. Soros Fund Management oversees investments on behalf of the 89-year-old philanthropist...

 Fears over children as young as ELEVEN being lured into addiction Experts believe casinos and betting firms are grooming teenage gamers Rank Group has hosted tournaments where players gambled as they took part  More betting firms are sponsoring eSports events, which attract young player Casinos and betting firms have been accused by experts of grooming teenage video gamers as the next generation of gamblers. The Mail on Sunday can reveal that FTSE 250 company Rank Group, which owns Grosvenor Casinos...