Google and Facebook will be big winners if casinos 'scorch the earth' on marketing after the federal ban on sports betting was overturned (FB, GOOGL)
Tuesday, 15 May 2018 () **
· *The Supreme Court's ruling that a nationwide ban on sports betting is unconstitutional could mean added advertising dollars to Google and Facebook. *
· *If companies like DraftKings and FanDuel could have a larger market, they'll want try to acquire more users and spend more ad dollars on Google and Facebook. *
Casino stocks are rising Monday after the US Supreme Court ruled a 1992 federal ban on sports betting is unconstitutional. The opportunity now arises for many more businesses across the country to open up casinos and racetracks, giving customers a market to place money on sports. In 2017, analysts...
Last week, the Supreme Court struck down a ban on states prohibiting sports betting. That means that there is no blanket federal ban on sports betting, and it... TVNewsCheck - EntertainmentAlso reported by •Seattle Times •MailOnline
The US Supreme Court has given the green light for states to allow sports gambling. The move ends federal legislation which banned state-authorized sports... Mondaq - LegalAlso reported by •Harrison Daily •Seattle Times •MailOnline •SBS •NJ.com
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