Quote:
Originally Posted by Jay Random
Oh, it'll stop all right. It's a classic bubble. All these gambling operations are advertising heavily to buy a customer base, but there won't be anything like enough customers to go round.
In this respect, it reminds me of the dot-com bubble. Google and Amazon were worth the price of their stock, but scores of would-be competitors disappeared without a trace. The market for their products would have had to be ten times as big for all of them to succeed.
I expect that a few large operations will collar most of the business, and the rest will burn through their capital and fail. In the meantime, we have to watch them slug it out with saturation advertising. Once the market matures, the survivors won't need to advertise as heavily, and we'll be stuck watching commercials for some other fool thing.
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Maybe, but most of these companies have been around for a while in the online offshore space (ok, not Bet Rivers - they’ll look to build a base then sell out), and the sponsorship on English and European soccer kits is all over the place. And places like Pokerstars are still around.
In 2-3 years when gambling like this is legal in all 50 states and all provinces and territories, there is still going to be enough companies in the game to want to advertise during sporting events and clog up each commerical break by paying top dollar.