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For now, Featherstonhaugh said they are focusing on their New York City efforts rather than buying other properties.
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And both football betting and casino games may have a lively social component. Punters love betting alongside one another, possibly out of friendly rivalry while watching sports with friends or family.
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That can bring more problems when a bet goes awry. According to one study in the Addictive Behaviors journal, ¡°Sports betting, relative to non-sports betting, has been more strongly linked to gambling problems and cognitive distortions related to illusion of control, probability control and interpretive control.¡±
Sports Betting Revenue: Revenue for sports betting has been climbing. For the first half of 2022 revenue totaled just over $3 billion compared to $4.3 billion for all of last year. Morgan Stanley forecasts revenue to reach $7 billion by 2025. Also, in 2021 Americans bet $57.2 billion on sporting events, a year-over-year increase of 165%.
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