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College sports betting: What will it look like? Can Syracuse cash in?

Syracuse, N.Y. -- Imagine a sports betting utopia where you could be sitting in the Carrier Dome for a Clemson-Syracuse football game placing bets on your phone on whether Dino Babers calls a run or a pass or quarterback Tommy DeVito finishes a quarter with 100 passing yards.

Rapid, in-play bets would flash on a video board in the stadium, giving fans a new way to watch their favorite teams.

"That is," said Neale Deeley, who has more than a decade of experience in the gaming industry, "a very common way of gambling these days."

In the month since the Supreme Court legalized sports betting, state politicians are working to pass regulatory legislation to tax an industry worth hundreds of billions of dollars each year.