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The rollout of gambling options largely preceded the rollout of the risk-prevention resources. Some states have taken some important steps, but some have simply collected the enormous windfall of new tax revenue. Meanwhile, on the individual level, operators have enough funds to offer tempting cash bonuses for placing initial bets from new accounts. You certainly don¡¯t see that kind of offer for, say, new smokers.
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Local Sports Betting Ad Spend: For local advertising, BIA forecasts ad spend for sports betting to reach $1.8 billion in 2022, a sizable jump of 80% from 2021. By 2024, BIA projects local ad spend for the category to total $2.9 billion. BIA¡¯s Nicole Ovadia, says, ¡°With New York and other larger markets making online sports betting legal this year, that has led to a significant increase in ad spending. BIA is also forecasting this vertical to grow significantly between now and 2024 when it will hit nearly $3 billion. This jump is dependent on California voting to legalize online gambling in 2023 and going live in 2024.¡±
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