'Where the tax rate is beyond a certain threshold, we see the continued health of the black market, which means no player protections, no integrity of games, no compliance,' said BetMGM CEO Adam Greenblatt. MWMoneyFestival
“‘Where the tax rate beyond a certain threshold, we see the continued health of the black market, which means no player protections, no integrity of games, no compliance.’”
Indeed, they both agreed that their companies need to team up to get the legal online sports betting and gaming industry off the ground. “One the one hand, yes, we do compete,” said Howe. “On the other hand, we have to collaborate in order for the markets to open up.” They’re also keeping a close eye on whether legal online gambling gets passed in California in November. “California the fifth largest economy in the world, 12% of the U.S. population,” said Howe.
Both Howe and Greenblatt credited the ability for online sports betting to let sports fans place bets during games, in real time, as helping to drive more interest and engagement in watching sports. Indeed, when New York’s online sports betting market launched last January, Howe said that FanDuel saw more than 1 million active users on opening night, and 180% year-on-year growth on her platform. “The numbers are just spectacular,” she said.
“Our position has always been, our sector should be only about entertainment and fun,” said Greenblatt. “And to the extent we can support players if the product becomes challenging, that is what we do.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank CEOs warn that US economy faces 'daunting' challenges - New York Amsterdam NewsThe CEOs of the nation’s biggest banks appeared in front of Congress Wednesday and gave a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.
Leer más »
The Speaker’s Lobby: The 'Uber-Woke' SweepstakesIn a Senate Banking Committee hearing, CEOs of the nation's major banks testified about a variety of issues, but it was social policy that stole the show.
Leer más »
NFL Week 3 odds: Moneylines, point spreads, over/underWith 15 games left on the NFL schedule for Week 3, make sure you are prepared with all the picks, predictions, point spreads, money lines and the over/under on each game.
Leer más »
Bills Safety Micah Hyde Out for Rest of Season Due to Neck InjuryBuffalo Bills safety Micah Hyde will land on injured reserve and miss the remainder of the 2022 NFL season due to a neck injury, according to his agent.
Leer más »
Best US Sportsbook Odds Boosts and Promotions — September 25Today's best boosts and promotions 🚨 🏈 Jalen Hurts to score a rushing touchdown BOOSTED to +160 CaesarsSports 🏈 Patrick Mahomes to record the most passing yards in NFL Sunday action BOOSTED to +700 BetRivers Even more boosts below ⬇️
Leer más »