Soaring DraftKings Stock Makes CEO Jason Robins A Billionaire

The company’s forecast is rooted in the mainstream spread of legal gambling, which is currently being considered in California, Texas, Florida and New York, and their combined population of over 100 million people.

“That’s probably like 60% of the sports betting market in the US,” says Jeff Ifrah, a founding partner at Ifrah LLC. “The whole prize right now is to get New York, Florida, Texas and California. Those four states are going to make the difference. Whoever gets those four states are going to be clearly in the driver’s seat.”