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Text chains allow smaller groups to share bets. Social media helps spread the word to larger audiences. Twitter and Instagram are good outlets for information distribution, and some people start private Twitter accounts to keep their bets among a specific group. Meanwhile, private chat rooms on Discord are growing in popularity, especially with bettors under 30.
Despite the growth of commercial sports betting in the wake of the Supreme Court¡¯s 2018 ruling, the most common way that Americans bet on sports is with friends or family, according to the Center¡¯s survey, which was fielded July 5-17 among 6,034 adults. Some 15% of adults say they have bet money on sports with friends or family in the last 12 months, such as in a private betting pool, fantasy league or casual bet. Smaller shares say they have bet money on sports in person at a casino, racetrack or betting kiosk in the past year (8%) or that they have done so online with a betting app, sportsbook or casino (6%). All told, 19% of adults have bet money on sports in at least one of these ways in the past year.
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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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Also, in September 2021, an Indiana man was charged in a federal indictment with mail fraud after a plot surfaced over the improper purchase of properties near the Hard Rock Casino Northern Indiana, prosecutors said. He was allegedly speculating on land purchases before the Gary gaming property opened last year.




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