U.S Sports Betting Media Coverage
No Safe Bet: Millions Lost As a Result of Inaction on Sports Wagering in New York
Industry professionals say New York will someday overtake Nevada. The report “U.S. Sports Betting: Sizing the Post-PASPA Opportunity” by GamblingCompliance of Washington, D.C., predicts New York will become the No. 1 state in the nation in terms of annual gross gambling revenue by 2023.
“The online-betting opportunity in the Empire State alone will be worth well in excess of a half-billion dollars in annual revenue,” said the report’s authors, James Kilsby and Daniel Stone.
U.S. Sports Betting Market: Could New Jersey Eclipse Nevada To Become No.1?
The ever-optimistic Director of the New Jersey Division of Gaming Enforcement (DGE), David Rebuck, made a bold proclamation late this July when he told GamblingCompliance website that his goal is for the Garden State to be the top sports betting market in the United States (U.S.). Well, could it happen?
When Sports Betting Is Legal, the Value of Game Data Soars
Over the past year, at least 17 states have considered new laws on sports betting, including at least six where official data is in play, said James Kilsby, managing director of Gambling Compliance, an independent research service. Of those 17 states, roughly a half-dozen, including New Jersey and Rhode Island, have passed laws legalizing sports betting, or are close to doing so, Mr. Kilsby said.
For proponents of official data, New York and Pennsylvania are potential bellwethers, Mr. Kilsby said.
Sports Betting Is Here, and Leagues Should Stay Away
A report released Wednesday by GamblingCompliance, a Washington-based research firm, predicted sports betting will be legal in 25 to 37 states within five years. Billions of dollars will be wagered, with gross gaming wins expected to top $5 billion by 2023 alone. That translates into total wagering of some $100 billion a year alone, a staggering figure 20 times what was bet legally in Nevada last year.
“Online sports betting in New York is the single biggest opportunity we see emerging in next few years,” said James Kilsby, managing director of GamblingCompliance.
States Are Pushing to Keep Federal Regulation Out of Sports Gambling
In the wake of a United States Supreme Court ruling striking down a ban on sports betting, state gambling regulators are fighting suggestions by major sports leagues that gambling should be overseen at the federal level.
James Kilsby, managing director of Gambling Compliance, an independent research service, said that states see suggestions that sports betting fall under federal control as an encroachment on states’ rights. “All forms of gaming have historically been regulated at the state level,” Mr. Kilsby said. “I think you’re going to see the gaming industry be extremely reluctant to bend on that issue.”
The Big Gamble: Is Sports Betting Really a $7 Billion Media Windfall?
Published by Variety, May 23, 2018
The Supreme Court’s decision to effectively legalize sports betting could be a big boon for media companies, according to a forecast from Evercore ISI analyst Anthony DiClemente. “Sports betting could drive $7bn incremental US ad spend in 2019,” DiClemente wrote in a note to investors this weekend, estimating that about half of that money would go to digital advertising.
GamblingCompliance, a company that tracks the activity across the U.S. and Europe, estimates that in addition to Nevada, five states will have legalized sports gambling before the end of the year. In five years, the number could grow to as many as 38.
The Confusing Battle Over Sports Betting, Explained
Published by The Washington Post, May 14, 2018
Sports betting has been more or less banned in the states for nearly a quarter of a century. That could change drastically after the Supreme Court on Monday opened the door to make sports betting legal in any state that wants to legalize it.
Chris Krafcik of GamblingCompliance, an independent gambling analysis company, said this decision is “transformational.” It means some 20 to 40 states can and probably will soon move forward on creating their own sports betting markets worth an estimated $1 billion in annual gaming revenue.
The Sports Betting Revolution Will Be A Slow Play Online
Published by Wired, May 15, 2018
For decades, sports betting has been illegal in the US outside Nevada. With a Supreme Court ruling Monday, that’s about to change, likely before the upcoming NFL season kicks off. But don’t get too excited—or horrified, depending on your perspective—about the future of online sports gambling just yet; it won’t come all at once, and it won’t be everywhere.
GamblingCompliance, a company that provides legal and regulatory services to casinos, pegs the potential revenue to casinos from legalized US sports betting at anywhere between $2 billion and $5.8 billion per year, with states taking a still-to-be-determined cut.
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