Finance

FanDuel, DraftKings race to win $150 billion sports-betting market

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Tiger Woods of the United States celebrates after sinking his putt on the 18th green to win during the final round of the Masters at Augusta National Golf Club on April 14, 2019 in Augusta, Georgia.

Andrew Redington | Getty Images

I was rooting for Tiger Woods to win the Masters this month. And I wanted to watch him attack Augusta National’s last nine holes without mixed allegiances.

There was just one problem. I’d placed a bet on Francisco Molinari to win, with 22-to-1 odds.

I live in New Jersey, so I’d been able to place the bet right from my mobile phone. Since New Jersey legalized sports betting last year, gamblers have placed more than 34 million bets on the DraftKings and FanDuel…



Source cnbc.com

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