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Same-game parlays are a cash cow for gambling companies

Feb 7, 2025
Same-game parlays are growing in popularity among casual sports bettors. The payouts are bigger, but odds are longer, so sports books are happy to take the bet.
Flutter Entertainment, parent company of FanDuel, raised revenue expectations from $40 billion to $63 billion by 2030.
Aaron M. Sprecher/Getty Images

What's behind America's sports betting boom

Forty percent of Americans now say they bet on sports.
Technology has aided sports betting's recent growth, said The Economist's Alice Fulwood.
Aaron M. Sprecher/Getty Images

Seeing sports in person is getting more expensive

Oct 10, 2024
Ticket prices rose 10.3% in the last year. The seats are plush, the resale market has grown and dynamic pricing extracts more money from fans.
Among the factors driving up average ticket prices: Stadium seats are getting more plush and resale platforms charge more than conventional purchases. Above, Wednesday's playoff game between the Mets and the Phillies.
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Sports betting is booming. So are calls to gambling addiction helplines.

Jan 23, 2024
Some advocates are calling for federal support to treat gambling addiction — and to enact limits on wagering apps.
Some fear an expansion of online sports betting is fueling gambling addiction.
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In sale of Mavericks, Mark Cuban pushes for legalized gambling in Texas

Dec 5, 2023
The Texas legislature has kept sports betting illegal for now, but there's a massive amount of revenue to be made in the state.
Mark Cuban has expressed interest in a new stadium and casino in Dallas — but gambling is still illegal in Texas.
Lisa O'Connor/AFP via Getty Images

ESPN enters the competitive world of online sports gambling

Nov 14, 2023
The company hopes to win a piece of the nearly $85 billion global sports betting market, now dominated by DraftKings and FanDuel.
ESPN Bet will be able to offer something other betting apps can't: media content from ESPN. But that doesn't ensure success.
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ESPN, long a big name in sports, lends its name to sports betting

Aug 10, 2023
Gaming company Penn Entertainment is paying $2 billion over 10 years to use ESPN's name in its gambling app and website.
Sports betting is a growing market in the U.S. ESPN made $2 billion in its deal to license its brand to Penn Entertainment's betting app and website.
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California voters will soon weigh in on sports betting

Nov 1, 2022
Several tribes are asking voters to pass a measure that would allow sports gambling on tribal lands and race tracks. Opponents say it could hurt card rooms.
The Gardens Casino is the economic engine of the city of Hawaiian Gardens in Los Angeles County. Some cities that rely on card room revenue are opposed to proposition 26.
Megan Jamerson

Tax revenue vs. temptation: Legalized online sports betting creates a dilemma for problem gamblers

Sep 6, 2022
Where mobile betting is legal, it accounts for 90% of all wagers, one expert says. Do the pros outweigh the cons?
“Americans have always bet on sports," says John Holden of Oklahoma State University.
Roslan Rahman/AFP via Getty Images

The gambling industry is seeing historic revenue numbers

May 13, 2022
Pent up demand and the expansion of online gambling and sports betting are giving the industry a boost.
Casinos are putting up pre-pandemic numbers.
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