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"It's definitely gotten a little out of hand," the star collegiate athlete said as a surge in sports betting drove gaming stocks higher amid concerns over the scandal.
According to Goldman Sachs (NYSE:GS), the US sports betting industry has grown into a $10 billion industry. If the investment banking firm's predictions prove to be correct, the boom that followed a 2018 Supreme Court ruling legalizing sports betting in the US has already begun. Ben Andrews, director of leisure and travel research at Goldman Sachs, predicted that once the market "matures", Americans will bet $45 billion a year on the name of a person on sports.
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