Underdog Fantasy’s Post

September not only signifies the kickoff of the NFL season but also the launch of sports betting in the Bluegrass State of Kentucky. 😎   We’ve taken a look at how much the sports betting landscape in the U.S. has changed since this time last year with the additions of new states such as Kentucky, Massachusetts, Ohio, and Kansas:   Number of Legal Betting States: 32 ➡️ 35   Legal Gambling Population: 162M ➡️ 188M   With an 8% increase in the legal gambling population, also on the heels of Fanatics Sportsbook taking over PointsBet, PENN splitting with Barstool Sports to partner with ESPN, and bet365 continuing its push in the states; this season is shaping up to be one of the most interesting and expansive from an industry perspective yet. 🔥   #SportsBetting #NFL2023 

Recently, Bowling Green State University’s Joshua Grubbs, Ph.D. and the University of Nevada, Reno’s Shane Kraus, Ph.D. published new research in #responsiblegaming looking at sports betting behaviors. The research measured problem gambling behaviors and found that players who engage in general sports betting, daily fantasy play and e-sports wagering could be categorized as a moderate-risk or high-risk gambler. #HaveAGamePlan and learn about responsible sports wagering here: https://haveagameplan.org/

The Minnesota Daily (MN Daily) welcomed MNAPG's Executive Director, Susan Sheridan Tucker, to speak on the rising issue of sports betting in Minnesota and the debate that comes with it. Susan touches on our position on the issue, the risks of illegal sports betting in Minnesota and resources for those struggling with a gambling problem. Listen and learn more: https://hubs.ly/Q02kLl930 #MNAPG #ProblemGambling #GamblingAddiction #SportsBetting #BetResponsibly #Sportsbook #SportsBets #OnlineGambling

🔍✨ Curious about the high-stakes battle shaping Florida's sports betting future? 🤔 💰 Our latest article unpacks the drama between West Flagler Associates, Ltd. and the Seminole Tribe of Florida, revealing the legal twists and turns that could redefine the game: https://lnkd.in/dG_eeJ8H #SportsBettingNews #FloridaSportsBetting #LegalDrama #SeminoleVsWestFlagler

Kentucky Sports Betting is Live! 📢📢 Kentucky became the 37th state to legalize sports betting on September 7, 2023, and the state is already seeing the benefits. In just three weeks of retail sports betting, more than $4.5 million dollars was wagered, according to Gov. Andy Beshear. When mobile sports betting launches today, those numbers are expected to skyrocket. 💰💰💰 This is a major milestone for Kentucky, and it is expected to generate millions of dollars in revenue for the state. Gov. Beshear estimates that sports betting will bring in $23 million a year, with 2.5% of revenues supporting the Problem Gambling Assistance Fund. Only 13 states to go! 🎯 #sportstechnology #sportsbusiness #sportsindustry #sportstech #startupmarketing #media #nfl

I do think the vertical stack that Fanatics has is compelling from a business stand point. One thing missing in this chart is the role of Distribution, i.e. LCS/Retail and breaking. Breaking specifically as a primary sale point for most collectors on modern, with the grading a key piece to unlock the secondary market on auction houses/marketplaces. The breaker and the vault are vital pieces. Specifically the vault is, in my view, the secret weapon because it can serve as escrow to unlock so many new use cases for the collectible item -- to trade, eliminate shipping, to go digital, which opens up all sorts of use cases. The key is the vault needs to be a 3rd party and trusted by the community. If that happens, one can verify she/he owns the item and can then be entitled to new content, access to exclusive breaks, and ultimately, real world experiences. The Vault is the hub for that!

Southern California has become an unexpected hub for huge lottery wins in the United States, with four out of the nine jackpots exceeding $1 billion since 2016 being won in the region. In the past year alone, three individuals from Southern California have each won over $1 billion, with one person setting a record-breaking $2 billion prize. The reason behind these massive jackpots is the lack of winning combinations for the top prize. Additional features in the gameplay and higher ticket prices have contributed to these astronomical prizes in the Mega Millions and Powerball lotteries. Although predicting the winning location is impossible, experts acknowledge that the recent concentration of major wins in Southern California, while unlikely, is not entirely impossible. #Palmitas #Quora #DowntownLosAngeles #Altadena #California #California #London #Powerball #LasPalmitas #LosSantos #LosAngeles #Google #Reddit #FrazierPark #California #ChinoHills #California #UnitedStatesDollar #LondonSchoolOfEconomics #Florida #UnitedStates

Massachusetts is coming up on its first anniversary of legalizing sports betting. We’ve fought hard to expand and establish consumer protections, including:  • Eliminating credit card loopholes • Barring minors and at-risk individuals from receiving promo materials • Educating patrons on the rules, risks, and player health tips through GameSense • Launching a first-of-its-kind Voluntary Self-Exclusion Program for sports bettors #massachusetts #sportsbetting #gambling #betting #gamblingnews #gamblingindustry #gamingindustry #casino #casinos #casinoindustry

Thomas Lambert, our very own Assistant Professor at the College of Business, offered his insights on economics and the equine industry in light of Kentucky’s recent legalization of sports betting. While the state currently anticipates $23 million in tax revenues, Lambert has a different perspective. “States of similar size which have legalized sports gambling have earned more,” he shared. However, gambling revenues fluctuate with the seasons, and during challenging economic times, they tend to drop since they rely on how much money people have to spend. “As the economy goes, so does DPI (disposable personal income),” he points out. If you’re curious to learn more about this new change in KY, we invite you to check out this article! https://lnkd.in/guBhAVzM #UofLBiz #UofL #WeAreUofL #GoCards #UofLEquine

Jonathan Boyar's latest makes me ponder whether 2024 is the year of small caps. From a UK perspective it is tantalising; the FTSE 100 has just passed its 40th and much comment has been made about its relative underperformance and reasons for. So why not allocate capital lower down the scale and abroad? CME Group analysis notes (https://lnkd.in/eedeEeBk) on a long term basis that there are periods of uncertainty when small caps outperform, eg, "1990-1994: during the 1990-91 recession and its immediate aftermath, small caps again outperformed the S&P 500 by nearly 50%." and "1999-2014: in a new era of turbulence (tech wreck, 9/11, Afghanistan and Iraq wars, subprime bubble, economic meltdown and quantitative easing) small caps swiftly outperformed large caps once again, with the Russell 2000 drubbing the S&P 500 by 114%." Currently there are echoes of 'turbulence', eg, Mid East war, CEE war, Taiwan election flashpoint, cargo ships re-routing, possible return of Trump, UK mortgage holders facing a £19bn hike in costs...and the Fed's Beige Book summary (29 Nov 2023) states: "On balance, economic activity slowed since the previous report...The economic outlook for the next six to twelve months diminished over the reporting period." The next summary is expected 17 January.