ESPNBet Enters NY, DFS 2.0, and DraftKings Acquire Jackpocket w/ Chris Grove

On this episode of Lawyers, Lines, and Money, Daniel Wallach and Justin Mader are joined by sports betting industry investor, founder, and expert Chris Grove.  The three of them discuss ESPNBet's entrance into New York as they recently purchased Wynn's license. With this purchase, can ESPNBet make a splash in the state and what is the future of the 51% tax rate that has come under recent scrutiny from operators in the state? With the recent news surrounding DFS 2.0 companies, Justin and Dan pick Chris' brain on the future of DFS 2.0, other states in which we may see movement, and how these companies are looking to innovate the space which has seen quite the appetite from sports fans. Finally, Justin, Dan, and Chris discuss DraftKings' recent acquisition of Jackpocket and how that can shape the future business plans for the sports betting giant. They also discuss how this acquisition could start an M&A wave in the sports betting industry. Make sure to give us a follow on X/Twitter @LLMPod and be sure to follow hosts Dan Wallach and Justin Mader on X/Twitter @Wallachlegal and @maderlaw.