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The National Council on Problem Gambling reports 60-80% of high school students say they have gambled for money in the past year, making them a top priority for safeguards as the state expands access to sports betting.
The future will bring closer ties between sports leagues and betting companies, all of which seek to maximize profits from fan bases. Unlike ticket and merchandise sales, this avenue has almost exponential potential. As more opportunities arise, problems will, too, no matter how many resources the sports and gaming industries devote to promoting responsible gambling ¡ª even as they provide free offers and come-ons to keep bettors engaged. There might be increased regulation down the line, but states won¡¯t be too willing to surrender the tax revenues, which are sure to keep increasing.
Misc:
Local Sports Betting Ad Spend: For local advertising, BIA forecasts ad spend for sports betting to reach $1.8 billion in 2022, a sizable jump of 80% from 2021. By 2024, BIA projects local ad spend for the category to total $2.9 billion. BIA¡¯s Nicole Ovadia, says, ¡°With New York and other larger markets making online sports betting legal this year, that has led to a significant increase in ad spending. BIA is also forecasting this vertical to grow significantly between now and 2024 when it will hit nearly $3 billion. This jump is dependent on California voting to legalize online gambling in 2023 and going live in 2024.¡±
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¡°I¡¯m worried,¡± Fong said. ¡°The issues in our field go beyond too much gambling. We don¡¯t have the research funding.¡±
Luck had been dinged up the day before against the Tennessee Titans but finished the game. The tweet from the Colts beat writer wasn't straightforward, but Salmons said he read between the lines and came away believing that it was unlikely Luck would play Thursday against the Steelers.