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Local Sports Betting Ad Spend: For local advertising, BIA forecasts ad spend for sports betting to reach $1.8 billion in 2022, a sizable jump of 80% from 2021. By 2024, BIA projects local ad spend for the category to total $2.9 billion. BIA¡¯s Nicole Ovadia, says, ¡°With New York and other larger markets making online sports betting legal this year, that has led to a significant increase in ad spending. BIA is also forecasting this vertical to grow significantly between now and 2024 when it will hit nearly $3 billion. This jump is dependent on California voting to legalize online gambling in 2023 and going live in 2024.¡±
Cheung accepted Chau having terminated all the businesses of side-betting since July 2019 he had voluntarily opted for the position of Director for overseas operations, where he had advised Chau to allow Suncity workers to bring such players who would play at casinos overseas.
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¡°The proposed plan to bring a casino to Times Square,¡± St. Martin wrote, ¡°would introduce widespread economic and operational disruption, unprecedented congestion, and decreased safety and security.¡± She added that the League¡¯s research indicates that a magnet for gambling would represent a detriment ¡°to the deeply interconnected network of businesses that have made Broadway and Times Square an international destination.¡±
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