Some tribal leaders are open about their desires, noting they simply want to offer retail sports betting as an avenue for luring customers to land-based casinos.<\/strong><\/p>\nAs for Texas, barring surprising results on Election Day, sports betting will unlikely be a legislative priority in 2023. Florida is somewhat different because online betting was briefly allowed there before being halted by courts. But it\u2019s believed that the issue of gaming expansion in any form must be put directly to voters.<\/p>\n
Deutsche Bank Optimistic<\/h2>\n
Deutsche Bank estimates that for states that were live and legal for all of 2021, sports betting spending could notch a compound annual growth rate (CAGR) of 4.6% from 2022 through 2027.<\/p>\n
Obviously, levels of spending on sports betting vary based on income. But the bank indicates New Jersey serves as a solid forecasting template.<\/p>\n
\u201cIf New Jersey per adult spend base is ~$100, and New Jersey household income is $82K, we would assume a per adult spend of ~$50 for a state with average household income of $41K that offers mobile sports betting or mobile and retail sports betting,\u201d <\/strong>according to the bank.<\/p>\n","protected":false},"excerpt":{"rendered":"In an expansive 47-page report, Deutsche Bank has sounded an optimistic tone on the state of the US regulated sports wagering market. The report forecast\u00a0August gross gaming revenue (GGR) of $510 million for domestic sportsbook operators. Assuming it\u2019s accurate, that August figure is solid. That’s considering the eighth month of the year lacks NFL regular […]<\/p>\n","protected":false},"author":46,"featured_media":234545,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18943,1074],"tags":[82037,80968],"acf":[],"yoast_head":"\n
Deutsche Bank Sports Betting Outlook Practical, Though Encouraging<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n