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People absolutely love it. And, now, with widespread legal betting spreading rapidly, Gambling Twitter is on the rise.
Now let¡¯s grapple with the cold, hard reality of trying to turn a profit. Assume a $1 bill represents each vertical ¡ª one for sports wagering, one for casino gaming. The industry standard hold for online sports wagering is 7%, which means our company will gain one nickel and two pennies for every dollar wagered on a sporting event on our site.
Judd-Stein hopes to get more information next Thursday when the commission holds a roundtable discussion with potential mobile-only applicants at the State House.
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¡°It¡¯s really hard to know,¡± he said.
Bally¡¯s casino is set to temporarily occupy the historic Medinah Temple, 600 N. Wabash Ave., before moving to its permanent riverfront location on Chicago Avenue and Halsted Street. The gambling company won the city¡¯s approval of a new site in River West in May.
On these questions, too, there are some demographic differences. Americans 50 and older are more likely than adults under 50 to say that legalized sports betting is a bad thing for both society (41% vs. 27%) and sports (38% vs. 29%). College graduates and those in upper-income households are also more likely to see the widespread legalization of sports betting as a bad thing for both society and sports.
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