Category Archives: Gambling

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Sports gambling has always been a huge industry in the United States. As long as games have taken place, someone has wanted a little action on who will win.

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Go back all the way to gladiators battling and chariots racing in the Coliseum, and Romans placing wagers on who would emerge victorious. From those humble beginnings, sports gambling has grown into a gigantic industry. In 2019, Nevada alone handled a total of $5.32 billion in sports bets, LegalSportsBetting.com reported.

As professional and college sports have surged in popularity in the United States, legal (and illegal) betting has risen, too. Americans were betting $150 billion on sports every year when it was illegal outside of Nevada, the American Gaming Association reported.

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Going back to 1993, the Professional and Amateur Sports Protection Act banned sports wagering in all states except Delaware, Montana, Nevada and Oregon. Only Nevada had an extensive gambling infrastructure in place so it was effectively the only place that allowed sports betting.

In 2018, however, the Supreme Court overturned the PASPA by a 6-3 vote, and now more than 20 states allow some form of legal sports betting, SportsHandle.com reported. Approximately 50% of the U.S. will live in a state with legal sports betting by 2024, LegalSportsBetting.com reported.

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Although the figure is considered conservative, LegalSportsBetting.com estimates that a whopping $165 billion is bet legally in the United States. That results in a projection of a staggering $44 billion in gambling revenue for 2021, Forbes reported.

That also leads to a hefty tax windfall for states. From June 2018 to November 2021, states brought in over $700 million through taxes, LegalSportsReport.com reported.

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One big factor in the rise of sports betting is online betting sites, such as DraftKings or FanDuel. These allow bettors to place traditional bets such as who will win and what the point spread will be, but also in-game bets such as which team will score next.

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With the growth of legal gambling, the subject is no longer taboo to discuss. Weve come a long way from broadcaster Al Michaels subtle hints that Plenty of people are nervously watching now when a team is about to cover the spread. Bookmakers spent more than $200 million on TV advertising, MediaRadar reported, and now its common to hear ESPNs Scott Van Pelt or TNTs Charles Barkley mentioning points spreads and which team is the better bet.

Sports leagues have figured out they need to capitalize on this as well. NFL stadiums allow fans to place bets on the game in person, and the growth of mobile betting apps should allow users to place mid-game wagers, too.

The NFL has made Caesars Entertainment an official sports betting partner (it was already the official casino partner), along with DraftKings and FanDuel. DraftKings and FanDuel also are official sports betting partners of the NBA.

See: LeBron James and More of the Richest Athletes Younger Than 40

Not surprisingly, the most popular sport for betting in the U.S. is football. Americans bet around $100 billion at licensed sportsbooks during the regular season, with $486 million on Super Bowl LV, according to LegalSportsReport.com. Most impressively, thats up from $280 million in 2020.

In Nevada alone, $136 million was wagered legally on Super Bowl LV, per Betfirm.com. Thats down from $154 million in 2020, which is probably because COVID-19 kept visitors out of Nevada sportsbooks. Because we dont have numbers for historical betting across the U.S., the best way to see the explosive growth of Super Bowl betting is to look at past numbers from Nevada. In 1991, bettors wagered $40 million on the game. So in 30 years, thats a growth of 340%. Not bad.

Another huge event that draws massive betting is March Madness, the NCAA mens basketball tournament. Sports fans and bettors wager an estimated $10 billion each year, LegalSportsBetting.com reported. Its important to realize thats only an estimate, because who knows how many office and family pools are held each year, with $5-$100 as entry fees. Regardless, its a lot.

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This article originally appeared on GOBankingRates.com: How Large Is the Sports Gambling Industry in America?

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How Large Is the Sports Gambling Industry in America? - Yahoo Finance

We are consulting on a full review of our Gambling Policy (Statement of Licensing Principles).

The Licensing Authority must legally undertake a review of the policy at the end of each three year period. The review is open to public consultation from 8 November until midnight on 19 December 2021.

The policy relates to the licensing of:

In particular, the policy is intended to guide decision makers, applicants, objectors and others regarding the decision making process.

The policy outlines how the Licensing Authority will consider and determine applications under the Gambling Act 2005. It also states how the Authority will work to fulfil the three licensing objectives, which are:

Our current Gambling Policy took effect from 31 January 2019 and is therefore due for review. The regular review and adoption of the policy ensures that the Councils gambling licensing policies and procedures are up to date and effective in providing a safe and regulated environment for users of licensed gambling premises.

There are minor changes to the policy, making the document clearer and more accessible.

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Consultation on the review of our Gambling Policy 2022-2025 | SURREY HEATH BOROUGH COUNCIL - Surrey Heath Borough Council

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Gambling brings in a lot of fun-filled and cheerful vibes. But it can also be stressful at times when all you are focused on is making money out of your passion. One can experience stress and thus end up making wrong decisions, further losing their staked money which can be disastrous.

Having a calm and composed mindset is a necessity in such instances. Want to know how you can get over such a stressful scenario? Here are a few ways by which you can keep cool while playing the most exciting games in a casino:

Know how to calm yourself

Sometimes you get aggressive while playing casino games, and this can result in a disaster. Hence, to gain control over your disturbed and angry nerves, you can get some fresh air by taking a break from playing the games.

Or, you should also know a few things that you can try to quell your frustration and come back with a better approach.

Call it off

There may be times when its just not your day. There can be times when all you do is lose all the games. There are many who do not accept a defeat and would play again and again in the hope of regaining their money lost.

But here is where they make a mistake; sometimes, every gambler should know to call it off. Even the pros suggest the same; one should leave a table and step aside on a bad day rather than fighting for it all day.

Take breaks in between

Do not gamble till eternity while playing games on Slot Buzz. Taking breaks in between is a necessity because sitting for long hours can only raise the level of stress. And, stress can only disturb your nerves and make you feel exhausted.

Thus, taking power breaks in between the gambling session can help you focus better.

Skip the chatter

If you are focused on winning bucks, then you should eliminate all sorts of disturbances and loopholes. Having a companion along with you while gambling sounds like a supporting factor, but continuous chit-chats can actually make you lose focus.

Gambling requires a lot of planning, practice, strategies, and that cannot be possible when you have a chattering session while gambling.

Learn to laugh

Gambling is so full of rage, but laughing can work out as therapy. Do not take the games so seriously despite all the passion you might be filled in from within. The competition might be a top point, but learn to laugh and control your blood pressure while having a casino day out.

Keep the emotions away

Staying emotionally neutral can work out as an effective hack to follow while gambling. Being overwhelmed with emotions can spoil the broth and force you to make the wrong decisions during the game.

Hence, whenever you are out for a gambling session, make sure you keep your emotions at bay to have a sound and fun-filled gambling day.

Conclusion

These were a few things that you can try out to stay cool while gambling and to cash out some huge cash wins. Do you have more such ideas? Do let us know!

Please gamble responsibly.

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Tips To Stay Cool and Calm While Having a Gambling Day Out - Varsity Online

Good morning, Shreveport, it is hump day meaning you are halfway through the week. Check out what's been happening in the world of business.

Gambling news dominated Shreveport last week. On Sunday,the Horseshoe openedthe first sports betting locationin Northwest Louisiana through Caesar's Sportsbook.

The historic Louisiana Downs new owner spoke to The Shreveport Timesabout the future of the legendary racetrack and casino.

Our team will begin restoring this iconic facility to its former glory. We know it has a lot of untapped potentials and we are ready to make this a family-oriented destination once again, said Kevin Preston, President of Rubico Acquisition Corporation.

Signage was changedon the Eldorado Casino, the signage now reads Bally's. That story was followed up with "5 things we know" about Bally's and its future.

The Manning family joined Caesar's Sportsbooks, becoming the first family to join the Caesars Sportsbook.

'ARTISTREES': Caddo Common Park to have confetti celebration for 'Artistrees' installation Wednesday

DESIGNER SNEAKERS: 10-year-old's designer sneakers inspired by Love for LSU and Converse

ConnectLA met Monday morningat the Bossier Parish Courthouse to visit with local community leaders to discussbroadband access.

"Our program is designed to help address the access issue that exists in Louisiana," Veneeth Iyengarsaid.

A large number of folks in Louisiana don'thave anything in terms of broadband access.

The Shreveport Times welcomedtwo new reporters last weekwho are bringing life and politics to the Shreveport-Bossier area.

Meredith G. White the new Life reporter and Kendrick Dante is the cities watchdog.

Don't forget to check out The Briefcase, our weekly roundup of business briefs. This week, LSU Health celebrated 100,000 vaccines, and SUSChancellorRodney Ellis announced he'll be stepping down at the end of the fall semester.

Be on the lookout Friday and Sunday for Life in the 318 and The 318 to catch up on all the best stories you might have missed.

Makenzie Boucher is a reporter for The Shreveport Times. You can contact her at mboucher@gannett.com.

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Business in the 318: Gambling and broadband make gains; The Times welcomes new reporters - Shreveport Times

During the Betting on Sports Europe conference,Gambling Insiderattended the discussion on Holland, theKansspelautoriteit (KSA) and the KOA Regime.

With strict compliance practices, the question of whether the Netherlands gambling market can overcome downfalls like its other European equivalents, and the topic of advertising across the gaming market, created much discussion among the speakers.

The panel was moderated by Birgitte Sand & Associates Aps CEO, Birgitte Sand, and included Netherlands Online Gambling Association (NOGA) Managing Director Peter-Paul de Goeij and Arno De jong, Nederlands Loterij CMO.

On the subject of advertising in gambling and why it is deemed so important, Goeij said: From a regulatory perspective, it plays a vital role in channeling consumers toward the regulated offer.

"There is a risk currently in the Dutch market, and we have been flagging that together with the other trading associations. We need to see to it that Dutch consumers are not inundated with gambling advertising.

Arnos stated his concerns on marketing around the gaming industry: I worry about the volume of advertising. Every day there are full pages now, with addiction problems, or football players doing something. We should be fast in regulating before it gets to that, that is my main concern.

When speaking about the issues of gambling advertisements towards the public, there appears to be a fine line between lottery advertising, and gaming and sports betting advertising in the Netherlands.

Arnos commented: In advertising, there is a different response to online gaming and lottery.

To which Goeij responded: We [NOGA] research the Dutch online gambling market, and when consumers were asked about advertising, they do not make a distinction [between the two] and think gambling advertising is irritating!

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Panel: Should the Netherlands be worried about its volume of gambling adverts? - Gambling Insider

Tory MPs have been writing sponsored content online for the Betting and Gaming Council, a lobbying group campaigning for the gambling industry.

They include Jack Brereton, MP for Stoke-on-Trent South and a government aide who wrote an article published on the ConservativeHome website on Monday urging ministers to make sure the gambling review does nothing to put the industrys competitiveness at risk.

It describes Bet365, a gambling company, in glowing terms and praises the huge economic contribution that the betting giant makes to our constituencies including high-skilled, good quality jobs and charity donations.

It should also not be forgotten that Bet365 and its founders are the highest taxpayers in the UK, paying some 614.6m to the Treasury in 2019/20 money which will have helped fund vital public services like health and education, not just in Stoke-on-Trent but across the whole country, it adds.

The politicians were not paid for their articles but the Betting and Gaming Council paid the ConservativeHome website through an advertising agency for the space online and they are labelled sponsored.

One of the Tory MPs, Philip Davies, MP for Shipley, wrote an article labelled sponsored by the Betting and Gaming Council that appeared on ConservativeHome in April. In June, he declared a ticket and hospitality box at Ascot Races with a value of 1,400 paid for by the Betting and Gaming Council, in the MPs register of interests.

He had no comment when approached by the Guardian. But is understood he was not paid for the article and did not realise the article was sponsored content when he wrote it.

Other Tory MPs who wrote sponsored content for the Betting and Gaming Council include Greg Smith, MP for Buckingham, who wrote a piece headlined Betting shops are helping the high street get back on its feet in June. His spokesperson said it was unpaid.

Mark Jenkinson, the MP for Workington, wrote a sponsored piece in July, saying he had grave concerns about calls by some anti-gambling campaigners that limits should be placed on how much individuals should be allowed to bet. Jenkinson also declared a ticket and hospitality box at Ascot Races in June, with a value of 1,400, paid for by the Betting and Gaming Council. He did not respond to requests for comment.

Brereton also did not respond to requests for comment. Bet365 is a major employer in his constituency.

Matt Zarb-Cousin, of the Campaign for Fairer Gambling, said: Gambling reform is a very popular agenda and reforms that we and others are pushing for have overwhelming public support. You really have to question why it would be in an MPs interest to advocate for an incredibly unpopular sector that is resisting these types of reforms.

The government is due to publish proposals for the reform of gambling regulation early next year. Labour MP Carolyn Harris, who chairs a cross-party group examining gambling harms, has called for reform of the national disgrace of advertising rules around gambling.

Until we completely overhaul their access to advertising platforms, we will continue to expose children and vulnerable adults to this unrelenting attack, she said this week after it emerged that gambling companies are among the heaviest advertisers on radio during school run hours when millions of children are in cars.

A ConservativeHome spokesperson said: Just like the Guardian, ConservativeHome carries advertising, which helps to provide high quality journalism for free to millions of readers each year. It is understood ConservativeHome does not commission sponsored pieces but they are booked by advertisers via an agency in common with other media sources.

The Betting and Gaming Council said the MPs were not paid for the content but the body paid for the space on ConservativeHome.

Continued here:

Tory MPs wrote sponsored content praising betting and gambling firms - The Guardian

Calculating carbon costs

Adland knows that sustainability is no longer a CSR add-on, its a moral imperative and business essential. This means measuring, reducing, and offsetting carbon footprints as a means of going greener, which means committing to net-zero carbon (explainer here).

But it is complicated. All those digital ads, delivered via targeting wizardry, are actually very energy-intensive, all just to be in with a shout of sending the right creative to the right audiences in the right way at the lowest prices. Until now, marketers have done so with little care or thought for how much of your phones battery gets slurped up. Better keep that charger close.

One study claims that advertising added an extra 28% to the annual carbon footprint of every single person in the UK in 2019. And that's not exactly consensual consumption, is it? (Yes ads are great and make great content accessible, I know. But there's a discussion to be had here.)

This is a whole lot of work just to, yknow, retarget someone with some trainers theyve already bought. WPP reckons 55% of its carbon footprint comes merely from the media it is placing ads on. There's no easy or immediate path to reducing that shy of cutting waste ads and muscling media owners into cleaner practices. But I'm getting ahead of myself.

UK agencies and industry bodies have teamed up to build media carbon calculators that can guestimate the carbon output of a campaign by channel. The aspiration is to plug in the media owners to take out the guesswork. But until that happens, advertisers will struggle to buy cleaner media and pressure the laggards. I had some frank discussions with marketers about these vital measurement tools these last few weeks. At the moment these tools are inspiring vital conversations with clients but realistically media buyers needed carbon costs built into their dashboards yesterday.

More here.

Theres more gambling regulation coming to the UK, more rules detailing what can and cannot be said. Those most vulnerable to gambling addiction are naturally the most valuable customers to said companies. Whales, they're sometimes called. For these people, huge swathes of media and the internet are just plastered with temptation. They're basically unusable. And that's a problem.

Gamblers should be able to advertise but we must also have empathy for those vulnerable to the almost omnipresent placements. One suggested regulation is a potential ban on football shirt sponsorship which has a few stakeholders panicking.

Our analysis says some of these rule changes will force gambling operators into those slightly peripheral forms of advertising and away from pure advertising.

Were seeing a lot more bookie-funded branded content on the TV. Paddy Powers looking at comedy and Ladbrokes has masterminded a grudgingly brilliant music sponsorship strategy as a backdoor into sports. It's never been truer that gambling marketers need to be on the ball to stick to the rules.

This one from Hannah Bowler raises all sorts of questions.

In his new weekly column, Sam Bradley explored the weeks big media account wins. Spark Foundry taking on Meta was an eye-opener.

It will be handling around $750m in media buying to craft Zuckerbergs dream while navigating the thick cloud of dissent around the brand. Visualizing the metaverse might be one of the hardest creative tasks out there I wonder if the seed of the metaverse will be planted on TV, the tried and trusted medium that actually exists right now?

More here.

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Subscribe to our other briefings. Please share with curious friends or ignorant colleagues... and dont hesitate to contact me on Twitter, Linkedin and email.

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Future of Media: What's the carbon cost of media? More gambling regulations loom - The Drum

Jim Jones blamed Offset for keeping him out past his curfew on Wednesday night and posted receipts on Instagram as proof. The video showsthe Migos rapper gambling with Jones.

"When a N***a have u out last curfew sometimes u gotta show receipts lol I blame this all on @offsetyrn lol," Jones captioned the video. "Im still gone get my head bust lol."

In the clip, Jones and Offset joke about getting in trouble with their respectivepartners, Chrissy Lampkin and Cardi B.

Let them know you got me out past my curfew bro, I need the alibi. This is an alibi right here, Jim Jones said to Offset.

Offset replied: My wife call me sometime, I got to show her the game, so I already know whats going on."

Exactly, one from The Bronx and one from Harlem and shit gone get dangerous in a minute, boy," Jones responded before joking about Cardi's hit song "Up."

At some point in the night, the two were working together as Jones had shared a clip of therappers collaborating on a track in the studio.

Check out Jones' video with Offset below.

[Via]

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Jim Jones Says Offset's Gambling Caused Him To Break His Curfew - HotNewHipHop

Summary

Entain who is the subject of being acquired by DraftKings is one of the biggest gambling operators in the United Kingdom. Entain is the parent company to a number of major brands such as Gala Casino, Foxy Bingo, Ladbrokes, Eurobet, Crystalbet and Neds International.

All of these brands are very popular in the UK and European gaming markets.

Entain has been one of the big operators that have pledged to promote responsible gambling in the UK and EU and has taken significant steps in recent years to keep its commitment to responsible gambling.

The Entain Foundation is looking to do something similar with the gaming and betting markets in the United States. They recently came out with a mobile app Gamble Responsibly America to educate Americans on responsible gambling tools and believe that it will make a difference in the U.S market.

Entain SVP Martin Lycka who heads the American Regulatory Affairs and Responsible Gambling department recently spoke at the Entain Sustain ESG Showcase and said the mobile app was part of their plans to promote responsible gambling in the UK and it worked well. Lycka believes the launch of the Gamble Responsibly America is a big step to help Americans gamble more responsibly.

Lyca pointed out that the betting markets in Europe and the UK were established markets that have responded well to Entains responsible gambling initiatives. The U.S betting market is extremely new as it was only in May 2018 that the Supreme Court repealed the Professional and Amateur Sports Protection Act of 1992 (PASPA) that paved the way for sports betting.

In a little over two years, 34 states have legalized sports betting which has caused the overall sports betting market in the U.S to explode. Some states have taken a slow approach to legalize betting as they wanted to make sure they had measures in place to protect vulnerable players but some states have moved very fast with betting legalization and are now trying to put in place responsible gambling measures.

Jennifer Shatley, who works as a research assistant at the University of Nevada, Las Vegas International Gaming Institute said the U.S. gaming market can benefit by studying responsible gambling measures implemented in mature markets like Europe and the UK and use those best practices to protect Americans from gambling harm.

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Entain Says Responsible Gambling Models Will Work In The US - Legal Gambling News

What it means for Facebook advertisers and users

On one hand these are clearly hot button subjects and Facebook wants to steer clear of the perception that they are pouring fuel on the fire in the court of public opinion, said Matt Barash, an ad tech veteran and advisor. But the vast majority of targeting in these areas is done under the best of intentions and [this] will harm those who need the reach and efficiency of Facebook's ad machine most.

The newly-named Meta, which owns Facebook and Instagram, has been dealing with negative sentiment around how its ad platform can sometimes make users feel worse about their self-esteem, especially younger teenage users. There have been anecdotes about people dealing with stressful situations made more stressful by intrusive ads that remind them of sore subjects.Facebook has developed policies in the past that allow parents to avoid parenting ads, or pet owners to avoid ads about pets, especially if a person recently lost a beloved pet.

On Tuesday, Facebook announcedit will include the option to avoid ads related to gambling and weight loss, among others.

Facebook noted that users' interests were never collected for ad targeting based on peoples personal attributes and characteristics, but advertisers could often infer the attributes based on the type of accounts users followed and content they preferred. Facebook has been able to create groups of consumers with shared affinities that often relate to sensitive subjects like their health status and race.

In the past, Facebooks ad targeting platform wascriticized for enabling abusive advertisers to tailor discriminatory ad campaigns related to topics like finance, employment and housing. Unscrupulous advertisers could set targeting parameters that avoid showing ads to protected groups, such as differently abled people or people of certain genders and ethnicities.

For years, Facebook has been working with civil rights groups and governmental organizations to ensure that digital advertising adheres to the same standards as traditional advertising, where discrimination has long been outlawed and regulated. Weve heard concerns from experts that targeting options like these could be used in ways that lead to negative experiences for people in underrepresented groups, Mudd said in the announcement. We routinely review, update and remove targeting options to simplify our ads system, provide more value for advertisers and people, and reduce the potential for abuse.

On the other side, there are charitable organizations, non-governmental groups and nonprofits that rely on Facebook targeting to recruit members and drive donations.

The decision to remove these Detailed Targeting options was not easy and we know this change may negatively impact some businesses and organizations, Mudd said.

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Facebook restricts abusive ad targeting, will allow users to avoid weight loss and gambling ads - AdAge.com