Mark Cuban: Legal Sports Betting Will Pave the Way for an Online Poker Boom
Shark Tank star Mark Cuban knows how to spot a business opportunity when he sees it, and he is getting that twinkle in his eye when he looks at online poker. Cuban sees legal sports betting as the trailblazer that will pave the way for a new online poker boom in the United States.
In a recent interview with CNBC, Cuban said he could see online poker suddenly spiking in popularity again. He thinks the Supreme Court decision to give states the right to legalize sports betting will usher in a gambling “free-for-all,” and he made sure to say he felt confident about that statement.
Cuban did not specify all the kinds of gambling he envisioned would follow legal sports betting, except for one: online poker. Though several states including Connecticut, California, New York, and Michigan have introduced online poker bills, it is still only legal in Nevada, New Jersey, Delaware and Pennsylvania, though Pennsylvania has yet to launch.
What does Cuban know about the future of gambling and online poker? As a major investor in the esports betting platform Unikrn, Cuban stays abreast of all the latest trends in millennial gaming. Talking with CNBC, Cuban put a lot of emphasis on technology and how it will make the transition from the black market to the legal market more smooth for sports betting.
In the case of online poker, the technology, software, platforms, and even a template for the legislation are already there. For states that decide to legalize online poker alongside sports betting, the process is already laid out.