Social and Behavioral Sciences Commons^™

Can Sports Gambling Become The Fount Of Revenue Consistency?, Richard A. Mcgowan

International Conference on Gambling & Risk Taking

Critics of legalization of gambling maintain that gambling revenue is at best stagnate or will eventually fall as a source of revenue. The stagnation of Lottery proceeds and casino revenue as sources of revenue seemed validate this criticism. But a new source of gambling revenue has recently been championed, namely sports gambling. So, the question this paper will attempt to answer is: Can sports gambling produce consistent and growing revenue that are needed to sustain public policy initiatives?

The legalization of sports gambling in NJ occurred on June 11th, 2018 and the first bet was placed on June 14th. New …

Differences In Positive Play Among Specific Sports Wagering Behaviors, Alexander Connolly, Shane W. Kraus, Joshua Grubbs

International Conference on Gambling & Risk Taking

Presentation Abstract:

Since the U.S. Supreme Court decision in Murphy vs. NCAA, a majority of states have legalized and launched sports gambling. With the increased prevalence of sports wagering, there are many concerns about possible increases in problem gambling and the effects of specific wagering behaviors (e.g., in-game bets vs. pre-game bets; money-line wagers vs. parlay cards) on problem gambling outcomes. More generally, while the literature surrounding sports gambling is increasing, little is known about specific wagering practices. Similarly, little is known about how responsible gaming practices (i.e., as measured by the Positive Play Scale) might be related to specific …

Analyzing The Efficiency Of Response To News Regarding Legalization Of Sports Wagering, Kevin Krieger, Justin L. Davis

International Conference on Gambling & Risk Taking

A landmark decision (Murphy v. NCAA) by the Supreme Court of the United States (SCOTUS) in 2018 ruled the federal government could not prohibit states from allowing sports wagering. While the implications of this decision are far reaching at both an industry and societal level, our study assesses the market response to information available throughout the various phases leading up to this decision by SCOTUS. The timeline of events preceding the SCOTUS decision is tracked, and stock performances of relevant, publicly traded firms are analyzed across three inflection points. Findings suggest the market failed to adequately acknowledge key …