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He¡¯s not alone. Although many young bettors turn to sites like Audacy and the Action Network for gambling advice, they also follow people like Big Tone to see their bets and sometimes tail them. Some people, like McAfee, who has 2.5 million Twitter followers, influence on a nationwide scale, as his Super Bowl parlay escapade proved. Others have fewer followers but influence nonetheless. Then there are those who gain cachet within their friend groups for cashing their bets.
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Another reason why playing online casino games is more convenient is that you don¡¯t have to wait in long lines to secure an opening at your favorite slot machine or grab a seat at the blackjack table. You also don¡¯t have to deal with rude or belligerent casino-goers or spend gas money and time getting to your favorite casino.
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ON AUGUST 3RD, the DraftKings stock price closed at $16.82, down significantly from its 52-week high of $64.58. People are gambling on sports, but the companies aren¡¯t benefiting ¡ª at least, not on Wall Street. So what gives?
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