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Billionaire Betfred Brothers Boost Gambling Empire’s U.S. Wager

  • Supreme Court freed states to legalize sports betting in 2018
  • Done family’s betting firm has about 1,500 outlets in the U.K.
A Betfred betting shop Middlesborough town centre, North Yorkshire, United Kingdom. This is a poor and deprived area of

Photographer: Andrew Aitchison/Corbis/Getty Images

The family behind one of the world’s biggest closely held gambling firms is looking to expand its presence in the U.S. as more states legalize sports betting.

Betfred Group, founded by U.K. brothers Fred and Peter Done, set up 10 companies last year in Nevada to operate in states including Louisiana, Ohio and South Dakota, where lawmakers took steps this year to permit sports betting, according to registry filings. The siblings are worth about $1.3 billion, with their wealth mostly derived from Betfred, according to the Bloomberg Billionaires Index.