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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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With at least 30 operators expected to apply for those seven licenses, commission officials worry what will happen to dozens of operators that may qualify for temporary licenses. Those would last up to a year and cost the companies a $1 million fee each. After taking bets in Massachusetts, the companies would likely have to shut down once the seven official mobile-only licensees are chosen.
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