"In a situation like that, when you see it and you know it, it's good for the book to essentially try to get ahead of it, because we knew that line was going to be on the other side of seven once it came out," Salmons said. "So, we got a bunch of money on the Colts, and then the news broke."

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The exploded adoption of online gambling can be well understood from the fact that the market was worth USD 57.54 billion in 2021, and is projected to grow at a CAGR of 11.7% between 2022 and 2030. The growth of the global online gambling market is being driven by the increasing popularity of online games in public places and at home, thanks to smartphones and fast mobile internet. The market is also being boosted by cultural and legal approvals, easy access to online gambling, celebrity endorsements, and corporate sponsorships. Due to the availability worldwide of affordable mobile apps, the market will continue to grow.

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