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With most sportsbooks sitting at Steelers -3, Salmons moved the SuperBook's line to -7. Some competing sportsbooks reacted by pulling the game off the board, while other shops held steady at Pittsburgh -3. Bettors, in the meantime, began firing bets on the Colts at +7 at the SuperBook, figuring they were getting a bargain with the price differential.
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ON AUGUST 3RD, the DraftKings stock price closed at $16.82, down significantly from its 52-week high of $64.58. People are gambling on sports, but the companies aren¡¯t benefiting ¡ª at least, not on Wall Street. So what gives?
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Moreover, iSpot reports the estimated ad spending of sports betting on national TV is on the upswing, increasing from $64.6 million in 2020 to $199.7 million in 2021. Year-to-date, with the NFL season just starting, the ad spend has already reached $161.7 million. Casillo points out, national sports betting ads still have potential to grow in future years too, as more states legalize mobile sportsbooks and sports betting overall.

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