In May, the Supreme Court declared the 1992 ban on sports betting unconstitutional and, in turn, New Jersey, Nevada and Delaware have already legalized the practice.

VICI Properties Inc. CEO Ed Pitoniak, in an exclusive interview with TheStreet, said that sports betting will play a huge part in the future of the gambling industry.

"We think it's a net positive for the industry as a whole, because it is another way in which the industry may develop its next generation of customers," said VICI CEO Ed Pitoniak.

Gaming REIT VICI's portfolio includes Caesar's Palace, Harrah's Las Vegas, Caesar's Atlantic City, and Bally's Atlantic City.