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Of fourth quarter, Nicole Ovadia, VP Forecasting & Analysis, BIA Advisory Services says, ¡°It¡¯s a very busy time for sports betting and, therefore, we expect to see a spike in ad spending by the major players in this space as they are vying for customers ¨C especially in the markets where sports betting is new.¡± John Casillo, an analyst at TVREV adds, ¡°Sports betting is seasonally-focused, with a specific emphasis on the fall and winter for the NFL.¡±



Levant says it¡¯s ridiculous to have states, which benefit financially from sports gambling, regulating the industry. He says that while gaming companies may have messaging about betting responsibly, their goal is to make money. The only way to do that is to attract more gamblers who will bet more frequently. ¡°If you¡¯re going to have sports gambling, you can¡¯t have the regulator also be a partner of the companies,¡± he says.
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Young gamblers continue to place bets and in some cases run up huge debts, often triggered by risky behaviors like chasing losses with bigger bets, according to the NCPG. Thanks to credit-card cash advances, the potential for danger is high.

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Execs: US internet casino gambling is poised for expansion
Richard Schwartz, CEO of Chicago-based online gambling company Rush Street Interactive, said states that already have legal sports betting are strong candidates to adopt online casino games as well.