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He said there are lingering concerns, particularly among some state legislators, that internet gambling could cannibalize revenue and customers from brick-and-mortar casinos ¡ª even though the gambling industry itself has established that has not been the case.
The problems for younger gamblers are growing. An astounding 75 percent of college students bet on sports last year, according to the NCPG. Only 22 percent of U.S. colleges have formal policies on gambling, although Villanova and St. Joe¡¯s prohibit students from betting on their schools¡¯ teams ¡ª an extremely difficult policy to enforce. According to Collegegambling.org, when compared to students who don¡¯t gamble, young bettors are more likely to engage in drug use, binge drinking, and other risky behaviors.
When Reynolds and Angelides owned OneTwoSee, a Philly-based company, they developed a platform purchased by Comcast last decade that helped individuals navigate TV sports programming based on their viewing histories. That¡¯s the concept Epoxy.ai is using with BetPARX. When bettors open the app, instead of finding a dizzying array of betting possibilities, they¡¯ll encounter options, data and even TV listings based on their preferences.
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