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The Texas furniture magnate bet $500K at the casino for the University of Houston to win the NCAA¡¯s March Madness basketball tournament. A short time earlier, McIngvale won $75.7 million from wagers on the recent World Series.

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In a recent note, they observed that online casino revenue in the United States in the six states mentioned above has hit a plateau. But they believe it¡¯s merely a pause, as evidenced by the words of Rush Street Interactive CEO Richard Schwartz, who, during the company¡¯s most recent earnings call, said, ¡°All of our peers, whether it¡¯s large land-based casinos or sportsbook-first DFS companies, they are all aligned around funding, not just supporting verbally, but really putting some money to work to lobby for iGaming legislation for the first time really in the history of this industry in the U.S. market.¡±

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¡°One of the teams in every game is going to win,¡± Maney said. ¡°That¡¯s why it¡¯s intoxicating. It¡¯s so hard to stop.¡±
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