With sports betting expected to start next month and mobile wagering in March, the two Las Vegas companies operating in the Bay State have received regulatory approval.
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The American Gaming Association expects a mostly younger crowd will wager the most on the longshot U.S. team, which begins play Monday in the host country of Qatar.
In Thursday’s earnings call with investors, Bally’s CEO Lee Fenton said the 35 acres at the Tropicana is still in the mix for a stadium for the Oakland A’s.
A special committee has recommended a regulatory amendment for sportsbooks to take bets on esports, but it could take time before many people bet on competitions.
Prepare to see your home team spinning on the reels by the 2023 football season.
Both executives said increasing the offerings for sports betting helps the gaming industry since sports bettors tend to be in a younger demographic.
The existing sports-betting financial model is unsustainable and executives of the nation’s 48 brands have begun analyzing what they must do to generate revenue while keeping players happy.
Despite a deluge of advertising, only 34 percent of California voters supported a ballot measure allowing mobile sports betting in a recent poll.
While a committee continues to work on a regulation for betting on esports, a question remains as to whether sportsbooks will see much action on events.
A glitch in the mobile gaming system used by William Hill was responsible for thousands of duplicate wagers on events and resulted in complaints from gamblers.