Nige,
The punt here is that as market opens up, there will be a tickle down effect in terms of the market share pointsbet capture. Bigger the market size, bigger the crumbs for pointsbet after the majors have taken a big chunk. Think of pointsbet as HUB24 and Netwealth - as the super sector has grown in size so have they inspite of the big 4 and AMP. Caveat here is for argument sake is the 3-5 year period before royal commission .
Things are lining up - New Hampshire is the latest state to come onboard 3 days ago.
"Sports betting legislation received final legislative approval in the New Hampshire House on Thursday as members verbally adopted the recommendation of concurrence offered Wednesday by the Ways and Means Committee.The vote sends the NH sports betting bill to the governor’s desk, where a signature is expected to turn it into law."
https://www.legalsportsreport.com/33640/nh-sports-betting-to-pass/
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