SBJ Betting Which state is next

SBJ Betting: Which state is next?

In a conversation with a friend earlier this week, I came up with an interesting view of the expansion of sports betting and the commercial interests gained by the league and team.

What if PASPA collapsed before most of the beds could be done from mobile devices due to technology and its extensive spread? If the legalized sports betting was only a casino or a racetrack retail, how would the league or team react? How did each state respond when online betting became an option? Was there Fanduel or DraftKings?

Please play by all means.

Remaining issues vary depending on the jurisdiction

For this year's parliament, the Olic Law Partner, which leads the legislative strategy of the major sportsbook coalition, is focusing on winning a victory in a state where sports betting has not yet been legalized.

Jeremy Kudon is particularly hoped for the southern part of Georgia, which has a high priority, and Alabama and Mississippi (no mobile yet) may expand their maps. A typical optimist Kudon has also hoped to Minnesota, and the voting initiative supported by the team in Missouri is the final, as a voter will or to the opposition. I think it may be open.

However, online sports betting has been legalized, online sportsbetting is legalized in about 30 states with Kudon's lobbying staff and local recruiting staff. Washington D. C., Delaware, and Arkansaw have been reviewing regulations, at least coordinating, and reducing tax rates in New York. In some cases, the focus may be on the online casinos played by clients Draftkings, Fanduel, BetMGM, and Fanatics.

In a state where both online, sports betting and online casinos are legalized, it is common to focus on responsible gambling, but in some cases, the league and teams and teams are more closely with the league and teams. In order to cooperate, deal with policies and regulations, and to respond to concerns in these states, this initiative is likely to attract more attention this year.

In Pennsylvania and Michigan, a responsible gambling has been focused on lobbyists in sportsbooks for two years. When the Indiana Congress rejected online casinos early on the session, Kudon instructed the state lobbyist to hold a meeting five times a month about the issues.

"We're educating lawmakers on everything the companies are doing [to curb problem play]," Kudon said. "Sometimes there's a conflict between privacy laws and responsible gaming. You need people's data to assess if there's a risk, and states don't always recognize that when they pass these laws."

As legislators return to work, which states could be next for sports betting?

Here's a state-by-state rundown as lawmakers get back to work.

Missouri

If you told me Missouri's first sports betting bill was written by a favorite son who became president, and that president was Harry Truman, I'd believe you. It seems like Missouri has been working on the issue for that long.

Frustrated by a political stalemate that has stalled the bill for the past five years, despite now widespread support, the state's six pro teams made good on a threat last year to take matters into their own hands, announcing an initiative to put online sports betting on this year's ballot.

Two senators have already introduced sports betting bills in the Missouri Senate, but they face the same dynamics that have killed previous similar bills -- Sen. Denny Hoskins has pledged to not filibuster unless the bill includes language to legalize video lottery terminals. Missouri casino operators are vehemently opposed to legalizing video lottery terminals, which has led to the stalemate.

"This year, we're seeing the exact same dynamics at work," said Jeremy Kudon, a partner at Orrick law firm who leads legislative strategy for a coalition of major sportsbooks. "Sen. Hoskins is term-limited and could move on, but someone else could take over, which would put the casinos in a bind and they wouldn't be able to get the bill through. This ballot initiative is a reflection of their dissatisfaction with the legislative process and their desire to take the legislation into their own hands."

Proponents have until May 8 to gather the roughly 180, 000 signatures needed to get the measure on the November ballot. Each team has contributed a logo to the campaign. Cardinals president Bill DeWitt III is serving as lead spokesman. FanDuel and DraftKings have each donated $250, 000.

"It's the first time in any voting initiative that the team is so involved," says Kudon. "It will be attractive. It may be surprising, but draft kings and foundation are not yet relatively known. Opening polls are usually about 20 % awareness. In Missouri. Both companies are still less than 20 %, but the recognition of Cardinals is 98 %, and it is impossible to imagine who is the remaining 2 %. "

The team and the sportsbook determine whether to proceed with voting initiatives after gathering signatures. The last voting initiative, supported by Sports Book, held in California in 2022, was the most expensive in the United States. But this was a failure.

"There is a concern that it will cost a huge cost," Kudon said. "The budget budget for the fou r-sized coalition of Draft Kings, Funduel, Bet MGM, and Fanatics is on e-half of the voting initiative in mediu m-sized states. This is a big expense, so that each company can win. You would want to do it. "

Georgia

Being a local helps.

In the past year, at the past year, when Atlanta and Sports Book want to gather members of Georgia and appeal the merits of legalization, 68, 000 square feet office was opened and opened to the Sears Catalog Facilities near the Virginia Highlands. I was able to bring the members of the Diet.

"That's a big difference," Kudon says. "There is a mock shop for a sportsbook. This law does not allow sportsbooks to be retailed, but it helps to show how this law works, what it is. But I went to the company for all the time. I think the tour of Fanduel is a big deal for our members. "

Georgia members have been working on the issue since 2021, when the Senate's promising bill, which seemed to be a promising Senate, was stuck in the House of Representatives. The following year, Representative House of Representatives tried to add a casino to the bill to the bill, which failed.

Last year, Kudon hoped for momentum, but the confusion of the leadership was removed from the Republican Party priority. There were four variations in the bill, but both failed.

This time, about tw o-thirds of the House of Republican members agree with the number of Kudon's heads. He hopes that a new bill, which reduced the tax rate from 22 % to 15 %, will be submitted to the parliament by the end of next month. "It was hard last year. If I was a new leader, if I was aiming for a lon g-term administration, I wouldn't mention the super controversy. I wouldn't want to be upset in the first four months."

Minnesota

Late members provide online license opportunities to 11 tribes in the state to enable retail sport s-betting in the Paris Mutual Facilities, major professional stadiums, arenas, and PGA tour events. Consider the bill.

If both tribes and racetracks support, this bill will gain the support of the bipartisan. Kudon is wondering if sports betting will be passed without this bill, as the number of Democrats who support the bill is currently lacking. The Republican Party agrees that the racetrack owners only support sports betting.

Kudon believes that the Democratic Party, which became a majority last year, gives priority to the bill. "I'm on the five yards lines in Minnesota," said Kudon and smiled bitterly in sports. "Just put the ball in the end zone."

Alabama

Alabama, one of the three states without lotteries on the mainland, is expected to deliberate not only with lottery but also for a bill for a voter to approve casinos and online sports betting. Kudon says that the approach from zero to 60 may submit a bill to the committee at the beginning of the session on February 8. This is the first time a sports betting bill has been submitted in the state.

Alabama and Missouri are the only states that regulate DFS but have not legalized sports betting.

Although there is no home for major professional teams, Alabama is known as an enthusiastic sport, and the culture of flea shops and illegal betting sites has been widely accepted for a long time. Kudon, who has an OB of Alabama as his father, is confused by the fact that when he recently went to watch his son, he cheered after the 4Q's touchdown.

He was confused and told the neighbors. "I covered it," he explained.

The pass in 2024 seems to be a considerable progress as a first challenge, but Kudon has hope. "In the southeast, you can finally move forward." Every time you increase the state, you can help the remaining states.

Mississippi

Again, the state has no professional teams, but it's strategically important because it's another domino toppling in the South, which is slowly but surely moving toward acceptance.

Mississippi, which has 30 state-regulated casinos, was one of the first states to open up sports betting, passing a bill in May 2018. However, the bill did not include online sports betting, out of deference to local casino operators who oppose it. The creation of a task force to study the economics of expansion may have been a sign that the state is evolving.

Florida

The Seminole Tribe has relaunched its Hard Rock Bet app while it waits for a U. S. Supreme Court case challenging the right to conduct online betting outside tribal lands to go before the U. S. Supreme Court or for the Florida Supreme Court to rule on the matter. Kudon noted that a Supreme Court decision could have significant ramifications for some states where tribes control a large portion of gambling, including California, Wisconsin, Washington and Oklahoma.

If so, tribes in those states may seek the same model, or at least leverage the threat.

I don't understand how betting on a game while in Miami or Jacksonville could be construed as being on tribal land. If that were the case, there would be no need to repeal PASPA. I could bet on William Hill's servers in Las Vegas from any state in the country. Or from another country. Or even from space.

Seems like a sham to me.

Washington

Consideration of online sports betting has been delayed by a lawsuit in which card rooms are challenging the state's exclusive transfer of retail sports betting to tribes. It's unlikely to move forward until that's resolved.

Wisconsin

As things stand, passage in Wisconsin, where the Potawatomi tribe controls casino gambling, would require a lengthy constitutional amendment process that would take two legislative sessions of two years each.

Under this framework, the earliest it could happen would be 2027 or 2028.

Texas

We covered this in detail the other day. For now, all you need to know is that the Texas Legislature is in recess until 2025.

California

The sportsbook lobby continues to work on improving relations with tribes, who sunk their last ballot initiative in 2022. A ballot initiative that some have reportedly opposed is one that the tribes oppose. We've seen the results.

High-stakes intervention

Getty Images / Illustration: Liz Spangler

Currently, the latest sportsbook app, which exists on a mobile screen of more than 20 million American adults, not only enables a number of dazzling beds, but also calms the recreation to preventing the recreation from falling into. Equipped.

Users can set the amount of money that can be paid in the betting account in one day, one week, and one month, the amount of money betting, the size of the bet, and the time of the application used until locked out.

In order to encourage free choices, sportsbooks have acknowledged to change these voluntary restrictions, but they only change (72 hours later in Fanduel in Fanduel).

Problem gambling experts and regulatory authorities are welcomed as an effective guardrail and are accepted by sportsbook operators, but according to the industry, these tools are all major US sportsbook applications. It is said that 2 % to 3 % of users are not used.

In the questionnaire survey and focus groups, users are not sel f-restricted to prevent problems, such as clinicians claiming a responsible gambling tool, but for somebody. He thinks it is.

The league takes responsible gambling spots to the younger people
Involved to unify access to gambling addiction and rationalize
Handling of gambling in the United States

One of the advantages of 90%or more of US legal sports betting is that operators can grasp the user's identity and track all aspects of play. According to online play surveys in Europe, the initial indicators of the final problem often surface 90 days after the start of the customer site.

It's reasonable to think that the same modeling that sportsbooks use to predict Better's contribution to their lifetime balance, can be used to identify and intervene in problematic play. Operators say that they are working on such modeling, how to have customers accept more tools and develop new tools. < SPAN> Getty Images / Illustration: LIZ SPANGLER

In order to encourage free choices, sportsbooks have acknowledged to change these voluntary restrictions, but they only change (72 hours later in Fanduel in Fanduel).

In the questionnaire survey and focus groups, users are not sel f-restricted to prevent problems, such as clinicians claiming a responsible gambling tool, but for somebody. He thinks it is.

The league takes responsible gambling spots to the younger people

Involved to unify access to gambling addiction and rationalize

Handling of gambling in the United States

The role of leagues

Users can set the amount of money that can be deposited into the betting account in one day, one week, and one month, the amount of money betting, the size of the bet, and the time of the app usage until locked out.

In order to encourage free choices, sportsbooks have acknowledged to change these voluntary restrictions, but they only change (72 hours later in Fanduel in Fanduel).

In the questionnaire survey and focus groups, users are not sel f-restricted to prevent problems, such as clinicians claiming a responsible gambling tool, but for somebody. He thinks it is.

The league takes responsible gambling spots to the younger people

Involved to unify access to gambling addiction and rationalize

Handling of gambling in the United States

The setting of the limit is the pillar of the recommended gambling content that is aired on the digital platform in the event. In the NFL's responsible gambling spot where the quota back Kartback in the Hall of Fame is one of the three. It is also the only spot where the NBA, NHL and major league baseballs just released in November.

This is not a new concept for the legalized statebetter. The "HAVE A Game Plan" public service campaign provided by American Gaming Association and currently signed by more than 30 leagues, teams, and operators has "set a budget" to the top of the recommended items since the start of 2020. I'm listing.

However, by providing restrictions and at least hard restrictions, some sports books have turned into an expression that sounds like at least no restrictions, such as providing budgets. It has also been suggested to completely abandon the word "responsible gambling".

Regardless of what the name is, the gambling sports industry officials and the defenders of the gambling problem are proportional to the prevention and support of gambling problems, with the rapid expansion of sports betting legalization, which is opened in each state at the same time in each state. I agree that they are shouting the increase.

According to an estimation of the National Council On Problem Gambling, the risk of gambling addiction in the United States has increased by more than 30 % since the federal government lifted its gambling in 2018. It is said that 2 4-yea r-old men are most likely to struggle.

"Twenty years ago, gambling would have been gambling. Sportsbetting has been around for a long time, and I've seen a lot of people who have been treated," said Keith White. 。 "But no hundreds of games a day, hundreds of games on weekends, and hundreds of games in certain games.

Identifying the problem

"Modern sports betting has a higher clinical risk than conventional sports betting and other gambling. Certainly, the percentage of gambling addiction is higher.

It is said that when sponsorship and streaming data rights to sports books chose to earn hundreds of millions of dollars a year, all major American leagues were accepted.

"NBA's media & gaming executive vice president, Scott Kaufma n-Ross, said," We believe that sports betting should be legalized and regulated. "NBA and Sports League are" NBA and Sports League. I think that the NBA and the Sports League are important stakeholders in this aspect.

Six years since the Supreme Court opened the path to Sportsbetting legalization, its role has evolved.

Most leagues, including the NBA, include responsible gambling elements in sponsor contracts in sportsbooks, and as part of the designated operator designated by sportsbooks so that they can use the league and team marks in the app. I started by doing it. Later, the public service campaign began, often raising funds with a sportsbook, and promised to include notifications in media expenses.

"We have spent a lot of time to understand our role in responsible gaming." And I think it's a strong education aspect. The platform and Sports Better that NFL has. Considering the fact of watching NFL games and accessing the NFL platform, education must be a major part of NFL.

NFL began to take a responsible gambling in the 2021 season, the first sportsbook with a sponsor contract this year, and opened the game to a sportsbook ad.

Unlike other leagues, they chose a partnership with NCPG and expanded their lon g-standing relationships, including $ 6. 2 million subsidies in three years, the largest in no n-profit organizations.

This fund is used by NCPG as priority issues: Create a website RespoonSiblePlayy. org for NFL and other organizations to send messages as a responsible gambling information hub. It is the modernization of the 1-800-Gambler line, which is the most important 1-800-Gambler line for NPOs, and the most important 1-800-Gambler line.

According to a survey of data provided by NCPG by the Sports Business Journal, the NPO managed the NPO, telephone, e-mail, and chat in the past four years, more than three times in the past four years. From 26, 087 to 92, 033 last year. This includes only 1 minute contact.

Inquiries to Hellplines in a state where sports betting was legalized increased from 5, 716 to 44, 726 in the same period, accounting for about 48 % of NCPG inquiries.

"NFL's senior vice president of Social Responsibility, Anna Izaxon, said," This is not what we have created, but we know that sports gambling will increase as each state is legalized. What does it mean to be more gambling because fans are more likely to be? What can I do from an aggressive standpoint to do it?

"We are not doing the job that causes harm or problems. It is our responsibility to think about things from a lon g-term perspective and what may not work. I think it is our responsibility. "

NCPG has been caution not to read the dramatic increase in the number of calls as a parallel increase in gambling problems.

"There was a large amount of gamblin g-addicted patients in the first month when sports betting began in a state." We are one of the biggest factors in inquiry to the helpline is gambling addiction. I think it's not a fundamental ratio, but a gambling problem, but I don't know where to talk. The number of people who say "Oh, may have hope or help" has increased because betting has been legalized, and the radio waves are suddenly filled with ads containing 1-800-Gambler. " 。

Currently Scott Warfield, Vice President of the PGA tour gaming, has managed digital media in Nascar, but immediately after the lifting of the ban, he undertook a side project to evaluate the effects of sports betting legalization. He remembers that he has been frankly discussing the risks associated with commercial interests.

In the latter half of 2020, Nascar was the first league signed for the AGA's "Have A Game Plan" campaign, and developed content mainly on the sport s-specific tagline "Know When To Pit".

"Whether you make a car, sell beer, or work in sports gambling, what you do, make, or sell it can cause potential damage to the part of society. I think it has an impact, "says Warfield, who left Nascar and participated in the PGA tour immediately after the AGA campaign began. "Warfield, who left Nascar immediately after the AGA campaign began, and participated in the PGA tour, said. But that's the core of working on AGA.

Warfield and other league officials are motivated by the fact that if you leave the problem behavior, there is a risk that the CM during the British League broadcast in the UK and the restrictions on jersey sponsorship in other countries may lead to strengthening. I admit one.

In April, five major leagues in the United States, NASCAR, FOX, and NBC, said they would form a coalition for responsible sports betting ads and work on both the theme and amount of sportsbook ads. This is following the enhancement of AGA last year's responsible marketing rules for sports gambling.

"The fact that fans become a gambler is terrible for us, our brands, and for the success of this industry." And we're going to do our best to prevent it.

"We see a lot of commercial value (data) in a healthy sports betting environment. If this starts to move in the wrong direction, there is no need to tell us what pitfalls there is." 。

At the end of 2020, Chris Jones, who was adopted as a Vice President of FANDUEL Communication and was appointed as a responsible gambling strategy, learned a business case with an obvious social contract associated with the operating of the approved gambling business. is.

December sports handles down slightly from November

The same tools, which are helpful for Better to avoid habitual behavior and play gambling that match the height, can also strengthen customer maintenance. < SPAN> "Whether you make a car, sell beer, or work in sports gambling, you do what you do, make, or sell it, causing potential damage to the part of society. I think it has an impact, "says Warfield, who left Nascar and participated in the PGA tour immediately after the AGA campaign began. "Warfield, who left Nascar immediately after the AGA campaign began, and participated in the PGA tour, said. But that's the core of working on AGA.

In April, five major leagues in the United States, NASCAR, FOX, and NBC, said they would form a coalition for responsible sports betting ads and work on both the theme and amount of sportsbook ads. This is following the enhancement of AGA last year's responsible marketing rules for sports gambling.
"The fact that fans become a gambler is terrible for us, our brands, and for the success of this industry." And we're going to do our best to prevent it.	"We see a lot of commercial value (data) in a healthy sports betting environment. If this starts to move in the wrong direction, there is no need to tell us what pitfalls there is." 。	At the end of 2020, Chris Jones, who was adopted as a Vice President of FANDUEL Communication and was appointed as a responsible gambling strategy, learned a business case with an obvious social contract associated with the operating of the approved gambling business. is.	The same tools, which are helpful for Better to avoid habitual behavior and play gambling that match the height, can also strengthen customer maintenance. "Whether you make a car, sell beer, or work in sports gambling, what you do, make, or sell it can cause potential damage to the part of society. I think it has an impact, "says Warfield, who left Nascar and participated in the PGA tour immediately after the AGA campaign began. "Warfield, who left Nascar immediately after the AGA campaign began, and participated in the PGA tour, said. But that's the core of working on AGA.
Warfield and other league officials are motivated by the fact that if you leave the problem behavior, there is a risk that the CM during the British League broadcast in the UK and the restrictions on jersey sponsorship in other countries may lead to strengthening. I admit one.	In April, five major leagues in the United States, NASCAR, FOX, and NBC, said they would form a coalition for responsible sports betting ads and work on both the theme and amount of sportsbook ads. This is following the enhancement of AGA last year's responsible marketing rules for sports gambling.	"The fact that fans become a gambler is terrible for us, our brands, and for the success of this industry." And we're going to do our best to prevent it.	"We see a lot of commercial value (data) in a healthy sports betting environment. If this starts to move in the wrong direction, there is no need to tell us what pitfalls there is." 。
At the end of 2020, Chris Jones, who was adopted as a Vice President of FANDUEL Communication and was appointed as a responsible gambling strategy, learned a business case with an obvious social contract associated with the operating of the approved gambling business. is.	The same tools, which are helpful for Better to avoid habitual behavior and play gambling that suits your height, can also strengthen customer maintenance.	0%	"Two years ago, Jones, who took over the main responsibilities of gambling, said," We don't want to shake people upside down and wind up as many money from them. "Las Vegas is different. Unlike Las Vegas, if the pool is exhausted, I will not lose two shows. You have to decide whether to spend more money. "
For this reason, Fanduel has a responsible gambling as a CRM function, not only identifies the best way to attract customers, but also reviews an account to monitor signs of problem play.	Users who run out of accounts in the early days of NFL, replenish the losing in late hours, double, and doubled on Sunday nights, s o-called "pursuing losing". It is an action that often indicates the beginning of the problem.	Usually, users cannot set restrictions to prevent it, but sportsbooks can take measures when they see it. It may start by providing more responsible gambling content, and if necessary, you may escalate to invitations, calls, and 90 days of timeout.	For those who say sel f-harm and economic difficulties in Fanduel, for example, those who say, "If you remove this kick, you will commit suicide" or "you will not be able to pay this month", at least a temporary shutdown. It is likely to be forced to be forced.
Other major sports books also have a similar intervention policy to deal with problematic behavior. And it provides tools that enable sel f-restrictions that can be a solution as long as customers use it.	With the Fanduel app, you can limit your bed amount and apps, and you can also use the app to use the app.	Last year, FANDUEL added monthly player statements to distribute a monthly betting or losing to the customer. Fanduel usually looks at 2 % to 3 % of conventional tools, as in other sports books, but according to Fanduel, 17 % of monthly active users access new player statements last year. Some of them have added restrictions to their accounts.	"Fanduel's strategy, operation, and compliance person, Senior Director Jill Watukins, said," But this idea doesn't feel too aggressive, but has a recurrence prompt that triggers conversations. is".
Next year, we want to link the slips of the player to the tools more closely and position them as a budget management tool, not restrictions.	Fanduel also began to link CRM and responsible gambling in the latter half of last year, and adjusted push notifications and marketing messages displayed to customers when there were any problems with problematic play. Marketing messages and promotion notifications will continue to be received, but may be replaced by responsible gambling content, such as the limit of the limit or other budget management tools.	1%	N/A
"AGA's strategic communication and responsibility vice chairman, Cait Debaun, says," We need to understand how to make these tools more attractive in the industry and as an ecosystem. "What can we do to make a responsible gambling in order not to make the mother impose rules and restrictions, but to make people want to participate? I want to invest in research to understand it. "	Fanatics, one of the new US sportsbook entry companies, is thinking of an interesting approach to giving customers an incentive to set an account limit. However, Fanatics provides products as a reward, rather than using bonus bets, which are often used to sign up and try new beds.	5%	The company seems to conduct a test to provide free caps to only a few customers who have tried tools in the latter half of this year.
"Fanatics led by Anthony d'Angelo," ANTHONY D'Angelo says, "In this field, we can provide options other than games in this field. Is it a great experience that you can actually try to do by providing something like a hat or goods?	Fanatics is considering using a free or discounted product as an incentive for users who try sports betting sel f-restricted tools. Fanatics	2%	It is possible to prove that sel f-restrictions are even more effective than widely accepted, to identify customers who are likely to occur early.
FanDuel and other big sportsbooks are using machine learning to predict which bettors will be the most consistently profitable, and to fine-tune their ability to offer promotions to keep them that way.	If the research showing early markers of problem behavior proves to be true for a large percentage of U. S. sports bettors, it should also be possible for sportsbooks to identify and correct problematic play.	“We’re not there yet,” says Watkins, who runs CRM for FanDuel and its parent company, Flutter. “We’re incredibly motivated to get there. We’re putting in people and money, both of which are substantial.	“The sooner we can predict these things, the better for everybody. For our customers, first of all. And for us to have a sustainable business. If we can sense something sooner, we can take action sooner. As a result, we hope you’ll stay with us as a customer for a long time. Or we can say we know from the beginning that sports betting isn’t for you.”
With roughly two-thirds of states reporting, sports betting volume in December was down 4% from November. However, year-over-year growth continues to soar, up 15%.	If this trend continues as expected, December will be the fifth consecutive month of double-digit growth over the same month last year. This is a same-state comparison, not taking into account states that opened in 2023.	Sports betting volume in December	State
December 2023	vs. November 2023	“We’re not there yet,” says Watkins, who runs CRM for FanDuel and its parent company, Flutter. “We’re incredibly motivated to get there. We’re putting in people and money, both of which are substantial.	"Fanduel's strategy, operation, and compliance person, Senior Director Jill Watukins, said," But this idea doesn't feel too aggressive, but has a recurrence prompt that triggers conversations. is".
$2, 053, 736, 710	-3%	0%	26%
Illinois	$1, 374, 822, 624	3%	34%
New Jersey	$1, 284, 560, 140	3%	-21%
22%	Pennsylvania	“The sooner we can predict these things, the better for everybody. For our customers, first of all. And for us to have a sustainable business. If we can sense something sooner, we can take action sooner. As a result, we hope you’ll stay with us as a customer for a long time. Or we can say we know from the beginning that sports betting isn’t for you.”	-1%
23%	Massachusetts	$658, 697, 371	Michigan
$613, 425, 698	24%	3%	"We see a lot of commercial value (data) in a healthy sports betting environment. If this starts to move in the wrong direction, there is no need to tell us what pitfalls there is." 。
$559, 865, 463	13%	9%	8%
Indiana	$503, 127, 765	-2%	17%
Tennessee	$493, 324, 64 6	-4%	12%

Speed reads

Iowa

$282, 723, 929

U.S. Casinos Post Best Quarter Ever. Here’s How to Play This Trend

23%

Kansas

$259, 678, 435

43%

Connecticut

Returning to the Tables

$212, 216, 045

32%

Oregon

$73, 219, 587

36%

West Virginia

$61, 363, 321

17%

-7%

One to Buy

Mississippi

$48, 888, 089

-22%

One to Watch

-34%

Wyoming

$19, 023, 733

One to Avoid

26%

Delaware

$8, 837, 999

Montana

$6, 157, 163

-12%

Stock market today: Trade setup for Nifty 50 to global markets, five stocks to buy or sell on Monday — Sept 2

-15%

DEC. Total

Trade setup for Monday

$9, 439, 239, 086

-4%

Global markets today

15%

Stocks to buy today

According to SBJ reporter Rob Schafer, Sportradar has launched a new sports-focused marketing platform called FanID. The end-to-end platform collects first- and zero-party data from Sportradar's partners, organizes it into anonymized profiles in a clean room, and then delivers personalized ads to consumers.

Sumeet Bagadia's stocks

Several sports business executives spoke to SBJ about their 2024 predictions. Ricardo Fort, a longtime Coca-Cola sponsorship executive and now consultant, had strong views on what some companies will do: "Amazon, Fanatics, DraftKings, FanDuel, etc.) will aggressively acquire sports rights and integrate shopping and betting experiences with sports viewing.

The National Lacrosse League's N. Y. Riptide named Sands New York as its presenting partner for the remainder of the 2023-24 season and next season. Las Vegas Sands has plans to move forward with the development of a multi-billion dollar hospitality, entertainment and casino project in Uniondale (home of the Nassau Coliseum where the Riptide plays).

Casinos and sportsbooks across the U. S. continue to perform well. Despite the haphazard reopening and recovery we've experienced in 2021, casinos just experienced their best quarter in the industry's history.

Yes, better than the days when Frank Sinatra was touring Las Vegas.

Ganesh Dongre's shares to buy today

Better than the days before the internet and you had to place your bets at the casinos.

Before the COVID-19 crisis Better than 2019.

According to the American Gaming Association, U. S. commercial casinos generated nearly $14 billion in revenue in the third quarter of 2021. So let's dig in and see what's driving this remarkable recovery and how investors should trade going forward.

The rise of air travel and the legalization of gambling in states have made more Americans comfortable visiting casinos. But the real driver of this growth is the rise of online and sports gambling.

Following the 2018 Supreme Court ruling that struck down state bans on sports betting, the legalization movement has led to a notable surge in revenue. Currently, there are more states that have legalized sports gambling than have legalized recreational marijuana. And some experts predict that by 2030, all states except Utah (due to religious objections) will legalize sports betting.

The combination of sports gambling and online platforms has skyrocketed interest from gamblers, professional and amateur alike. According to Macquarie Research, the combination of casinos, sportsbooks and online media platforms will be the largest online casino market in the U. S. by 2030. It is expected to add $30 billion in value to these companies by 2025.

As a whole, the number of this sector is solid. The Las Vegas Strip casino recorded a record high of $ 260 million in the third quarter of 2021. Internet gambling is the highest ever $ 938. 6 million.

The combination of Internet gambling and sports betting gained about $ 5. 36 billion. For reference, this is about 200 % from the previous year.

And it must be remembered that the casino is still very excellent in raising money from gamblers.

According to AGA, the casino has gained about $ 39 billion this year.

In the future, if legalization has progressed and more Americans have adopted digital gambling platforms, investors in this industry will be able to expect a wealth of new profits.
Let's talk about the stocks to be bought in the gambling field, the notable shares, and the stocks to be avoided.
Investors who want to use strong physical gambling feet should consider gaming and leisure properties (GLPI). This real estate investment trust (REIT) earns by renting a physical casino space to a gaming operator. GLPI has 52 casino facilities in 17 states, with tenants, pen, national gaming, Caesters Entertainment, and Void Gaming Corporation.
The company has achieved a 100 % occupancy rate since its founding, and has never neglected to pay. Above all, because the company is REIT, profits can be returned directly to shareholders and corporate taxes can be avoided. As a result, the company can provide a very attractive dividend of 5. 5 %. Incam investors do not beat the reliability of casino rent payments.
Currently, GLPI is located in the Green Zone of Tradesmith Finance and maintains a strong rising momentum.

Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

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