DraftKings looks to profit from legal NCAA Tournament bets

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DraftKings looks to profit from legal NCAA Tournament bets
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This year's NCAA men's college basketball tournament is the first to take place since the Supreme Court ruled that states can legalize sports gambling. That could mean big bucks for DraftKings.

New York Something is different about this year's NCAA men's college basketball tournament: It's perfectly ok to bet on the games.

This is the first NCAA tournament to take place since the Supreme Court ruled last year that states can legalize sports gambling.That could mean big bucks for DraftKings, the company that runs a popular app for fantasy sports. DraftKings now has a separate Sportsbook app.The Sportsbook app only lets you place bets on sporting events when you are in New Jersey, which legalized wagering on sporting events online and on mobile devices as well as at physical locations last year.

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