Quote:
Originally Posted by Joe Tall
Joe, you are telling me there is no legal sports betting in Delaware and throughout Canada? That is not true, I have placed sports wagers in both places.
Delaware offers football parlay wagers on NFL.
From their most recent available annual report (2012), the Ontario Lottery & Gaming Commission (OLG) claimed sales of $272.3mm on their pro-line sports lottery games, with prizes paid of $162.5mm, for a net of $109.8mm! This includes a $100 limit on wagers, per person per day and is not available online, only through lottery terminals. This is only ONE province in Canada!
This DOES NOT include additional legal sports wagering offered at casinos throughout Ontario & Canada.
Link (page 17):
http://www.olg.ca/assets/documents/a...port_11-12.pdf
Enough of the derail. My main points here are:
1) Given the choice the average consumer will choose sports betting more often over DFS.
2) Sports betting is proven to be profitable. DFS will have to increase rake substantially to clear the same percentage of profits.