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When you’ve watched any American sports activities recreation not too long ago, there’s a superb likelihood you have been blasted with an advert from FanDuel, DraftKings, BetMGM, WynnBET, Caesars On-line, and varied on-line casinos promising free cash and million greenback jackpots upon signup. Traditionally, sports activities betting and playing within the US had been closely restricted the place you may solely legally play offline at remoted locations across the nation like Las Vegas and Atlantic Metropolis.
However prior to now 5 years, the panorama has advanced dramatically as enterprise capitalists have invested billions into mobile-first playing startups like FanDuel and DraftKings. However regardless of the relentless ads and superstar endorsements, on-line playing and sports activities betting is nothing greater than a wild west the place everybody claims to be a hero and nobody is telling the reality.
It’s a market so new that everyones boasts that they’ve the best market share, the most effective apps, essentially the most customers, and the quickest progress. On this episode, we’ll unmask the wild wasteland of on-line playing within the US, the economics of conventional casinos, the political dynamics behind this market, and what FanDuel and DraftKings are actually betting on as they pursue adoption at each flip.
0:00 The Enterprise of American Playing
1:15 Sponsor Break (Kajabi)
2:54 Conventional Vegas Giants
17:21 Quick-Lived Digital Gold Rush
24:20 On line casino or Bust
30:53 Playing as a Digital Commodity
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