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Sports Betting Is Revving Up Ad Spending For Fourth Quarter
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Is it a useful countermeasure? Or merely a quiet alarm bell drowned out by the promotional clamor? Lives and livelihoods may depend on the answer. One report in the United Kingdom ¡ª where sports betting has been more liberalized for a while ¡ª found 55,000 ¡°problem¡± gamblers between ages 11 and 16.
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He said there are lingering concerns, particularly among some state legislators, that internet gambling could cannibalize revenue and customers from brick-and-mortar casinos ¡ª even though the gambling industry itself has established that has not been the case.
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