SARATOGA SPRINGS ¡ª Saratoga Casino and Raceway is joining forces with a real estate investment group, a Native American tribe and an affiliate of the Yankees baseball team to pursue a license to open what would be one of three full-service casinos in the New York City area in coming years.
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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.¡±

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The metaphor of gambling is perfect for Broadway, where ¡ª according to the anecdotal accounts of top producers ¡ª only about 30 percent of the commercial productions see a profit. But that doesn¡¯t make gambling itself a good fit for the frenzied district Broadway calls home. The 41 theaters designated as Broadway houses stretch from the Nederlander on West 41st Street north to the Vivian Beaumont at Lincoln Center, off West 65th Street. In between, and concentrated particularly in the 40s and low 50s, are most of those theaters, packed in among myriad restaurants, souvenir shops, hotels, retail stores and food stands. This is not to mention the hawkers and panhandlers and dozens of workers dressed up as Elmos and Transformers and Spidermen.

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