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? 72% of bettors check Twitter to follow the status of their live bets once they've been made, and 65% said they are more motivated to place a bet on a big event that everyone is talking about on social media.
Along the money aspect, there are several more contributing factors:
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On Wednesday, Chau continued to deny his involvement in promoting or operating online betting.
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Sports Betting Revenue: Revenue for sports betting has been climbing. For the first half of 2022 revenue totaled just over $3 billion compared to $4.3 billion for all of last year. Morgan Stanley forecasts revenue to reach $7 billion by 2025. Also, in 2021 Americans bet $57.2 billion on sporting events, a year-over-year increase of 165%.