But younger bettors don¡¯t use bookies. They want to be on their phones, and sports gaming companies know that. Their business survival practically depends on engaging with people ages 21 to 30, gaining them as customers, and keeping them coming back.
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In addition, there is serious concern over Philippine offshore gaming operators (POGO). Despite the fact that there aren¡¯t as many as there once were, there has been a serious increase in illegal activity associated with the segment.
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California¡¯s legalized sports betting has two propositions on the ballot. Proposition 26 will allow only casinos and four race tracks owned by Native American tribes to allow in-person gambling. Native American tribes, who currently have the sole legal rights for gambling in California, are financially backing this proposition. Proposition 27 would legalize mobile sports betting statewide and has funding from sportsbook companies including DraftKings and FanDuel as well as Major League Baseball. A third group is opposed to any legalizing sports betting.
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