Legal gambling from your phone could be a $150 billion industry, but making it happen will be tough

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The two dominant sports betting apps in New Jersey are racing to capture the $150 billion sports-betting market, but they have a treacherous road ahead of them as they look to become operational throughout the U.S.

tacked on to your initial deposit. Australian company PointsBet offers a $50 bonus. Most of the major companies also offer "risk-free" bets for signing up, where the sportsbook will refund initial bets that end up losing. At any given time, a sportsbook may offer five or more promotions, including betting on non-game events such as the NFL Draft, which frequently change day to day or week to week.

In some circumstances, algorithms provide early payouts to bets, such as my Molinari bet, to give sports gambling a stock market feel.There are also in-game bets, which maximize "engagement," or ongoing attention to game.

"If a guy comes into my office and says I'm going to build a sportsbook, the answer is no," Martino said. "You've got the land-based casinos, you've got FanDuel and DraftKings, that's a race to the bottom. The margin on that is going to get dang close to zero.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Time to buy up some stock.

There are many applications already live... y’all just don’t know where to look. lookout 👀

Making it happen is easy. The government writing laws to make sure the right donors get the most benefit is tough.

Irresponsibly foolish...

That is 150 billion lost in purchase of value.

Betting from your phone is a 400 billion dollar industry already, now we just need to make it legal.

Shush, you’re giving the Chumps ideas for their next adventure giving the shaft to people.

I Am Waiting For The Poker...

Ughhhh build an App and put it in the App Store.. easier for me to buy a gun than place a bet I can cash out!!

Well yeah, it's a gamble.

Do it

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump administration says immigrants working in legal marijuana industry lack ‘moral character’ for citizenshipFederal officials issued a guidance Friday clarifying that working with or using marijuana could be grounds for losing the chance for citizenship. 'immigrants' Immigrants are people that followed the process to enter our country legally. Illegal aliens are not immigrants. Everything he says is psychological projection. What about the immigrants who worked for him?
Source: washingtonpost - 🏆 95. / 72 Read more »