There are a slew of different numbers being tossed around with regards to exactly how much profits legalized sports betting will yield. One analyst gave a range of
. The key though will be the regulations -- everyone wants to get paid but will there be enough to go around?
"A set of regulations and taxes need to be put into place, and we don't know what those are," Katz said in an interview. "We have seen situations in gaming where regulatory bodies are set up and tax rates are set up that's a structure so onerous that it doesn't benefit the operators to pursue it. The returns aren't good enough. It winds up being a much smaller business than anyone expected."