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Sports betting could be one of the biggest industries in America, but up until recently, this multi-billion dollar industry was handled mostly by gray market bookies because Nevada was the only state where this kind of betting was allowed. The 2018 Supreme Court decision Murphy v. NCAA invalidated the Professional and Amateur Sports Protection Act, the federal act prohibiting sports betting. These billions are now ripe for the taking. Although Nevada is still the market leader, other states and companies are looking to capitalize on one of the biggest opportunities of the decade. Existing players such as FanDuel, DraftKings, Churchill Downs, and Cantor Fitzgerald are leveraging their already existing brand names and customer bases to take over the niche before other companies have time to spring up or pivot. Right now, sports betting is legal in only a few states, but as the states slowly legalize sports betting, new markets will open up every year. Will a new challenger appear to contest these new states? Or will all the promise of this new industry be carved up by the established players?
Top 10 Corporate Owners
Issued Patent Count
Published Application Count
Invention Categorization and Classification
Categorization and Classification |
Patents and Published Applications |
In-Game |
234
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234 In-Game
|
Platform |
168
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168 Platform
|
Fantasy |
57
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57 Fantasy
|
Ads |
11
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11 Ads
|
Pre-Game |
58
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58 Pre-Game
|
Pari-Mutuel |
25
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25 Pari-Mutuel
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Latest News and Insights
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January 2, 2020
July 11, 2019
Recent Published Activity in Sports Betting as of December 6, 2023