How sports gambling became ubiquitous
Europe is at the centre of the industry’s growth
Since American states started to legalise sports betting in 2018, the industry’s explosive growth and omnipresent advertisements have drawn widespread attention. But although America was one of the last big economies to allow legal wagering, similar trends are evident elsewhere. In most markets around the world, online betting, mostly on sports, is replacing traditional “land-based” forms of gambling, of which sports are a small component. As a consequence, what was once a niche pastime is entering the global mainstream.
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This article appeared in the Finance & economics section of the print edition under the headline “Hitting the jackpot”
Finance & economics
December 7th 2024- How China will strike back at Trump
- MAGA types have a point on debanking
- France is not alone in its fiscal woes
- Russia’s plunging currency spells trouble for its war effort
- How sports gambling became ubiquitous
- Xi Jinping’s campaign against gambling is a failure
- The hidden cost of Chinese loans
- Cronyism is a problem. But not always an economic one
From the December 7th 2024 edition
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