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David Tsai, president and chief operating officer of Gold Strike, told Mississippi Today that launch was smooth but action is slow. “The handle (amount of money bet) has been lower than we expect long-term,” Tsai said. “… The better gauge for long-term volumes will be once football season kicks off in September. That said, our handle and betting volumes already exceed that in many Vegas casinos. We are seeing hundreds of guests coming on property to place sports wagers in our new sports book.” With college football about to kick off, Mississippi sports betting should receive a major boost. Most Mississippi operators expect SEC football to drive traffic to their sportsbooks.
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Indeed, the fastest growing group of NBA fans who bet are those who subscribe to a virtual reality package and exclusively use the league-approved tokens. Industry consultants estimate that the NBA directly controls about 15 percent of the e-currency betting market on basketball. The league's shift into virtual reality coincided with the hiring of former player Gordon Hayward to head up eNBA. The newly-formed subsidiary oversees and manages the esports teams affiliated with all 36 NBA franchises, including those in Seoul, Beijing, Tokyo and Mumbai, India. With participation rates in esports roughly equal to those actually playing the game on the hardwood, the move further solidified the NBA's place as the leader in esports fan engagement. Esports player salaries that topped out around $2 million five years ago are approaching eight figures, after longtime players' union rep Michele Roberts unionized esports athletes back in 2021.
There were also some complaints about gambling ads running in breaks during games that offered improved odds for a short period, such as encouraging viewers to act quickly on special “bet now” offers. “The reference to the time sensitivity of odds may be interpreted as a call to act,” said a spokesman for the ASA. “The promotion of these odds in this format draws strong similarities with the message to ‘bet in play, now!’, which is discouraged in guidance on gambling advertising [relating to] responsibility and problem gambling.” The ASA is assessing the complaints to see if there are grounds to launch a formal investigation into whether the gambling companies’ tactics are in breach of the UK advertising code. The advertising watchdog does not regulate the amount of ads that appear and World Cup games do not fall under rules that ban gambling companies from targeting children through programmes that are “principally directed or likely to appeal particularly to them”. The ASA’s focus will be on whether the betting ads that featured live odds being promoted break new rules introduced in February to tackle the issue of problem gambling. The watchdog says that promoting live odds “in-play”, as it is called when they appear during matches, is not prohibited. Ads that break the rules will be those deemed to “create an inappropriate sense of urgency” to make a bet. “The majority of the complaints we have received during the World Cup are about the amount/volume of gambling ads that appear as well as concerns that betting and gaming ads should not be scheduled around programmes when children are watching,” said a spokesman for the ASA. “Viewers find this irresponsible and inappropriate. There are other complaints about misleading terms and conditions.” In the UK, gambling companies are only permitted to advertise before the 9pm watershed if they do so during live sporting events.
