SportsHandle with friends brings you another roundup of the week’s major developments in US sports betting.
Northeastern panel of public health experts gather to discuss responsible gambling
Although the gambling industry is united in its support for responsible gambling messaging, it seems that this approach has its critics. In a panel entitled ” It’s not the dough, it’s the dopamine: the dangerous myth of responsible gambling model“, a recent Northeastern Law School Public Health Advocacy Institute panel presented the problem discussion in a different way.
During the session, speakers presented their arguments that the industry is addictive by its very nature and should be restricted in scope. Industry experts who were interviewed for this story disagree.
Las Vegas has already begun Super Bowl preparations
While March Madness may be the focus of many gamblers, Las Vegas has already begun to think ahead for the historic 2024 Super Bowl. It will be held at Allegiant Stadiumin Sin City. The Las Vegas Convention and Visitors Authority (LVCVA), expects that the event will bring in half a million dollars in revenue and spending, but it could also cause logistical issues. Already, the city is working on plans to improve traffic and parking.
Thos who are planning to attend the Big Game may want to plan ahead. Even the most expensive casinos charge more than $300 per night for rooms, while some ParkMGM rooms are listed at $10,000.
Betr talks about Ohio’s start-up
Betr was the focus of headlines this week when it announced that it would be expanding its offering from micro-bets and into full, pre- and in-game markets on totals and spreads. OH Bets talked to Joey Levy , CEO of Betr, about the launch of the sportsbook in Ohio, the plans for March Madness and the future for Betr.
Levy stated that “in a couple of years, we’re planning to go out and raise a lot more capital and we’re ready to play the market share games.” We are only focusing on the model right now.”
The outlook for NY online casino in 2023 is grim
State Senator Joseph Addabbo remains more optimistic than others about the prospects of passing an online casino bill in New York this year. Even so, he believes the efforts have been completedfor this year since the measure is not in the one-house budget.
However, this does not mean that the pessimism will continue beyond this year. Addabbo believes this is a matter if and not when. So even though 2023 might not be the year it will still be on Addabbo’s radar in 2024.
The downside to Same Game Parlays
Steve Brubaker is a gaming lobbyist. He has been running an experiment for several months where he bets FanDuel’s suggested Same Game Parlay every single day. The results have not been profitable so it’s no surprise that he hasn’t been able to make a profit. SportsHandle’s Jeff Edelstein talked with Brubaker about his quest. He also looks into the industry practice to pre-create these bets, and whether it is preying upon naive sports betting operators who are unaware of the long odds.
PA is the latest state to limit language risk
Pennsylvania began allowing online gambling in 2018. For years, operators offered free bets as well as “risk-free” offers. After other states, such as Ohio and Massachusetts, have implemented more stringent marketing guidelines, Pennsylvania has . The state prohibits operators from using language suggesting that there is no risk or strings attached to signing up for any promotions or offers.
“We noticed a lot of providers changing their approach to this, so we thought it best to get everyone on the same page,” said a spokesperson for the PA Gaming Control Board. “Let’s make sure this is consistent across the industry,” said “The thinking was to get it right.”
Georgia’s sports betting hopes are resurrected unexpectedly
Although it seemed that sports betting was done in Georgia, lawmakers have discovered a controversial and interesting way for the state to revive its hopes.
The Senate substitute for a bill to formalize the Georgia soap box derby has been used as a vehicle to introduce a sports betting bill. This bill would place sports betting under the control of the Georgia Lottery, and allow for expanded gambling without any constitutional amendment.
Although the bill was passed by committee, one of its opponents stated in committee that it is unlikely to be adopted on the floor.