) that sought to explain to readers how the industry had grown so large and what it all meant. Those stories highlighted lobbying efforts, advertising practices, and tax-related issues.
On Thursday, the pushback came again, and once more from the AGA. The industry group’s president and CEO, Bill Miller,“Demonizing this industry or its consumers based on worst-case scenarios only undermines the progress made in creating a safe and regulated marketplace,” Miller wrote. There is reason to believe change will follow this year’s criticism as well. Regulators and lawmakers read the news like everyone else, and those articles can nudge them toward action.While there’s no telling where federal lawmakers will go from there, they are at least thinking about sports betting, and there is legislation for them to consider,.
“We believe the proliferation of sports betting and iGaming will continue,” Jefferies analyst David Katz wrote this week in a note to clients. “We continue to monitor the possibilities of legalization in Texas and Georgia in 2025 and California longer term.”, such as the overarching one that people like betting on sports and they will continue to do so whether you legalize it or not.
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