Overall, 56% of adults say they have read or heard a lot (12%) or a little (44%) about the fact that sports betting is now legal in much of the country, while 44% say they have read or heard nothing at all about it.
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Of fourth quarter, Nicole Ovadia, VP Forecasting & Analysis, BIA Advisory Services says, ¡°It¡¯s a very busy time for sports betting and, therefore, we expect to see a spike in ad spending by the major players in this space as they are vying for customers ¨C especially in the markets where sports betting is new.¡± John Casillo, an analyst at TVREV adds, ¡°Sports betting is seasonally-focused, with a specific emphasis on the fall and winter for the NFL.¡±
Penalties of up to six months in jail and fines of up to PHP50,000 (US$8,710) are on the table. Villanueva believes that this will stop addiction and save lives.
A 2018 U.S. Supreme Court ruling in a case brought by New Jersey cleared the way for all 50 states to offer legal sports betting should they choose to do so. With that rapid expansion came an expectation in some quarters that internet gambling would almost automatically grow at a similarly rapid pace.
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