Key U.S. Sports-Betting Execs Keen To Avoid Bonusing 'Death Spiral'

Legislators and lobbyists have sometimes used the phrase “race to the bottom” to describe negatively the expansion of sports betting state-by-state, but top executives from several leading sportsbook operators spoke on Wednesday about avoiding a similar race in competing with one another.

During a panel discussion at the Global Gaming Expo (G2E), several chief executives, including Matt King of FanDuel, Greg Carlin of Rush Street Gaming, and Joe Asher of William Hill US, were asked about the potential of a market developing where operators began undercutting each other with promotions, even to their own detriment, to remain competitive.

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