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After denial of charges against him for promoting side betting or under-the-table betting, on Wednesday, Alvin Chau continued to deny his involvement in promoting online gambling.
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Executive Director Karen Wells said that as many as 76% of temporary license holders ultimately could be required to end their businesses in the state.
Moreover, iSpot reports the estimated ad spending of sports betting on national TV is on the upswing, increasing from $64.6 million in 2020 to $199.7 million in 2021. Year-to-date, with the NFL season just starting, the ad spend has already reached $161.7 million. Casillo points out, national sports betting ads still have potential to grow in future years too, as more states legalize mobile sportsbooks and sports betting overall.