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Speaking at the East Coast Gaming Congress, executives of online gambling companies and their technology partners said the rapid growth of sports betting has provided a ready-made infrastructure and regulatory apparatus for online casino games.
The growth of sportsbooks and casinos has occurred rapidly in recent years. This is believed to continue for the foreseeable future; the reason for this belief is that it¡¯s connected to the growth of online casinos. Sportsbooks and casino venues are popular amongst many gamers; this makes them a beneficial cross-sell opportunity for venues. Additionally, casinos that sponsor major sporting events will likely earn a return on investment. Casinos benefit from cross-selling¡ª which is the ability to sell multiple products to a single customer. Because of this, sports fans are easy prey for casinos; they transition from watching games to playing casino games like blackjack, roulette, and poker. Additionally, both sports teams and venues benefit from casino sponsorships. This won¡¯t change anytime soon. Sports teams need money to operate like a business. They obtain this money through significant revenue generated by important relationships. Since sports teams are like businesses, they require sponsorships from other companies.



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Even with gambling legal in Pennsylvania, bookies didn¡¯t disappear. For instance, ¡°the Accountant¡± has been taking bets for nearly 15 years in Philadelphia. A registered ER nurse by day, he inherited the book from a friend who owned a bar and reports that he has ¡°about 100 customers¡± during football season and 25 in the months after that. His client base was cut in half when Pennsylvania legalized sports gambling, but ¡°we got 50 percent of them back,¡± he reports.
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