What a stunning revelation! The U.S. sports betting market has now become a veritable gold mine, with the ‘experts’ at the American Gaming Association presenting figures so inflated they could make a Casper the Ghost blush. With a revenue increase that’s more dramatic than a high school prom queen’s dress size, we’re now looking at a betting handle so vast it could engulf the Great Wall of China. And oh boy, the digital surge is so fierce, it’s as if the internet itself has developed a love for risk. It’s like watching a child in a candy store, except the candy is numbers, and the child is Wall Street. As for the states, if New York is the top, then Illinois must be the ‘not-so-hidden’ gem of sports betting, while Massachusetts has become a betting powerhouse so potent, it’s probably shaking the foundations of the universe. It’s not just the market expansion that’s reshaping; it’s also the perception of what’s acceptable, as these two giants, FanDuel and DraftKings, have proven that even the biggest numbers can’t outdo their profit prowess. It’s a thrilling ride, except I wish the roller coaster was a bit less steep and the safety harness a bit more secure. And David Forman, with his ‘reshape’ and ‘revenue pie’ talk, must be on a different planet where numbers grow on trees and the future is always bright, no matter how dark the past was!
Read from: https://frontofficesports.com/americans-bet-148-billion-on-sports-in-2024-up-23-6/