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That's the direction it will head." As fast as DraftKings and FanDuel moved, William Hill, another European bookmaker that oversees a majority of Nevada’s sportsbooks, paid $1 million for rights and agreed to split revenue evenly to run New Jersey's Monmouth Park operation, Bloomberg reported. White said he thinks New Jersey can make most of its money by having as many standalone sportsbooks as possible. He likened it to the rise of sportsbooks in Las Vegas during the 1970s before Union Plaza Hotel and Casino and Stardust Resort and Casino opened. The marriage makes sense, too. It allows DraftKings and FanDuel to mix established consumer bases with sports betting technology implemented for decades in European and Asian markets. “It’s a huge potential market. It really opens the door for innovation because the rules around what you can do are about to expand in a great way,” DraftKings CEO Jason Robins told the business news streaming network Chedder in May. White and Williams agree the United States lags as many as 10 or 20 years behind Europe in one key department — live, or in-game, betting. White said a majority of gambling revenue in Asia and Europe comes from live betting compared to his estimate of 10 to 15 percent in Nevada. The popularity has grown since William Hill established it in the U.S.
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