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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There will be consolidation, but suspect they'll always be sports gambling commercials on during sports now. Just a new normal unless the government regulates the advertising away.