5 Gambling Stories You May Have Missed In 2022
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5 Gambling Stories You May Have Missed In 2022. It's the time of year when outlets look back on the biggest stories of the last year and look ahead to what is on horizon in the year ahead.
Promotional deductions are being phased out or reduced in some states. Promotional deduction came up during regulatory hearings in Massachusetts. Operators will continue to push for states to allow them to deduct promotional credits from their tax burden. States considering legalization are likely to move in the opposite direction. The impact of promotional deductions on tax revenue is known. It is not clear if existing markets and states considering legalized gambling will change their policies.
Twitch cracked down on gambling advertisements in two waves. The first wave occurred in 2021 and the second one in 2022. Facebook has also overhauled its gambling advertisement guidelines. Gambling is the 10th most popular type of content on the platform.
Barstool is the most prominent casino content streamer. Resorts is working with a legal market influencer team called the Slot Squad. WynnBET has dabbled in the space, announcing a deal with Livespins. BetMGM may be one to watch since LeoVegas is majority owner of casinogrounds.com.
Rush Street Interactive bought Run It Once Poker. Online poker is at the bottom of the pecking order in the online gambling triumvirate. It's doubtful a state would legalize online casino gambling except for online poker. Only some states that authorize online Poker launch online games.
Online poker will become increasingly important as the U.S. online gambling market continues to mature. Poker can act as an acquisition channel for casino players and brings Phil Galfond and his team into the legal U.,S., online gaming industry.
NFL has funded the National Council on Problem Gambling since October 2021. The NCPG's annual budget has doubled since then. NCPC lobbies for responsible gambling policies and problem gambling funding. The NFL's commitment to NCPP has opened the floodgates for others to follow suit.
Seminole Tribe in Florida is trying to bring mobile sports betting to the state. The Seminole are unhappy with the Indian Gaming Regulatory Act (IGRA). IGRA requires that gambling must take place on tribal lands. If the Seminoles win, IGra may need an overhaul to allow tribes to compete on equal footing with commercial gaming operators. If IG RA is upheld, it would give tribal gaming companies free rein to operate online gambling sites.
5 Gambling Stories You May Have Missed In 2022.
