Joel Simkins has 25 years on Wall Street under his belt, from crunching numbers as an equity research analyst to working with big banks like Credit Suisse and Deutsche Bank. Now he's launched his own company, believing there is a gap in the market.

XST Capital Group is a boutique investment bank in the digital gaming space, helping smaller companies navigate the choppy waters of fundraising and M&A.

In this episode, Joel shares his takes on the state of the sports betting industry. He speaks to how betting has become mainstream and why he thinks it's here to stay. He also breaks down the rise of new players in the industry, the growing interest in sports you might not expect, and how this isn't just happening in the U.S.