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-- a quarterback like he is a commodity it's Wall Street style trading meets Las Vegas wagering there's a ton of money at stake and not just on the one day of the year that we have the Super Bowl can't turn gaming.
Is your ticket to the action Leo -- is that the CEO and was a longtime number two -- the CEO how athletic at Cantor Fitzgerald.
Please joining us now from sin city in this Fox Business exclusive okay this is a new twist to the boring OK everybody's betting on the Super Bowl story -- And here is how I really got focused on this and that is that.
It's no longer just on gonna bet that the Packers are going to beat the Steelers -- what have you bet on everything from how a certain field goal kick we'll go is that true how is this working how do you guys make money.
What what we've created here is actually trading on sports and we we've taken the the investment of all of our technology technology investment -- -- fictional trading to.
Enable people to actually treat the value -- the sports bets so you could you could better on that.
Fact -- maker missed a field goal we put a line up on that everything is done through.
Computer -- so performance of quarterbacks the game itself he's.
It's actually the biggest.
Commodity -- you can bet on but you would you have all these other attractions that you -- -- the while the game is in running.
In running and there are some other things and we wanted to point this out for example you can bet on quarterbacks like Aaron Rodgers -- of the Packers on his passing yards Ben Roethlisberger is passing yards.
A James Starks rushing yards it's become very very complicated here but the amount of the pie do you get -- -- I -- last year it was about.
The written two billion that that was traded around in Vegas and how much did you get of that what are you expecting this year.
Well the state the states handle that's it that's an annual number of sports -- the two billion that you quoted.
We get 400 million of that two billion English here so so were about 20% and they -- -- in -- -- -- since we've introduced our technology.
The Super Bowl itself produce lecture about 8082 million dollars worth of handle.
We were we were about Peter 10% of that -- -- here.
I'm expecting that we will we will break that record this year in terms of handle because of the new products that we brought.
The -- also the it's it's -- it's a great match -- I don't this is saying this is a really good match report there's a lot of fan played here so I think that we're gonna see some good numbers here and about it.
And not to get people.
Addicted to gambling or anything but coming up but it hasn't been approved but you've got a Smartphone.
Opportunity where people can make their bets on their Smartphone now when is that going to be approved.
That application is sitting in the regulatory.
Processor being approved in and basically it is.
Just wireless gaming so you can actually -- a -- right now that's how we offer a product that will -- you -- you.
Let me jump in here I and we have very little -- and what is the wager on who's going to win the Super Bowl right now I mean I know it it changes from moment by moment but at last check.
What are people betting the -- The line on the game his green Bay's miners who have points minus 128 which -- you have to lay a 128 dollars 100.
Or you can bet Pittsburgh plus two and have they get plus 10 wait so.
And we've seen Michael a lot of two way action there is really really know what set favorite yet.
Of -- a made -- of cantor gaming I don't even know what you just the fact I don't even -- And anything but good luck to you --
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