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who tf gambles on sport (probably why they are advertising on tv)
Poor people
"Bet $5 get $250 in free bets if you lose!"
Shit is predatory as hell and is trying to get folks addicted.
their main competitor is casinos that absolutely destroy them in marketshare
I feel like alot of em are casinos, Ceasars Sports book and Bet MGM come to mind.
that absolutely destroy them in marketshare
For now. The gap is shrinking YoY at an alarming rate. Sports gambling has been growing over 10% annually for a few years now.
Wait, that sounds like a pretty sweet deal...
Gambling on sports is one of the oldest types of gambling.
And, look. If you have the cash to spare, and gambling isnt a vice for you, it is kinda fun. Thats kinda the problem, its easy for the average person to get into it with some friends as a way to have more fun watching the game only for that to be the first domino.
It is an unbelievably massive, multi-billion dollar industry that is rapidly growing in the US right now. A number of states have relaxed their laws about online gambling and sports books, we are going to see a whole new generation of addicts. Every single fraternity at American universities has a point person at this stage. Many did prior they just did it on the sly.
Caesars Sportsbook just bought the sponsorship for the NFL stadium out from Mercedes in my city. You cannot go a quarter-mile without seeing a billboard about it. YouTube is flooded with it if it detects I’m in my home state. It’s relentless now. And if it’s not Caesar’s palace bombing me with ads, it’s draft kings.
Lots of people. Probably the same people that play Fantasy Football.
People will literally gamble on anything.
Bet.
wait no
Fantasy football is literally a 20 year plan to create a childhood gambling pipeline, which they finally pulled off with the recent rounds of regulatory capture.
Apparently it's been a thing since the 50s, I only remember hearing about it about 15 years ago.
A lot of sports fans do, and then statisticians take them to the bank.