Gambling news roundup: One sweepstakes casino leaves all states with regulated online casinos; Illinois sends C&Ds to more offshore, fantasy sites; DraftKings seeks to raise $500M via loan
Love your analyses, Dustin. Thank you for your good work in the gambling space. Your tag, "For the love of god, please acknowledge that legal sports betting doesn’t exist in a vacuum" could also read, "please acknowledge that $2 billion/yr spent promoting legal OSB is a key driver of the growth of illegal gambling." Advertising needs addressed, as you note.
General awareness and promotion of sports betting definitely helps illegal in the aggregate…I do hear that states that legalize, it usually hurts offshore/pph shops at least at the beginning
Love your analyses, Dustin. Thank you for your good work in the gambling space. Your tag, "For the love of god, please acknowledge that legal sports betting doesn’t exist in a vacuum" could also read, "please acknowledge that $2 billion/yr spent promoting legal OSB is a key driver of the growth of illegal gambling." Advertising needs addressed, as you note.
General awareness and promotion of sports betting definitely helps illegal in the aggregate…I do hear that states that legalize, it usually hurts offshore/pph shops at least at the beginning