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Local Sports Betting Ad Spend: For local advertising, BIA forecasts ad spend for sports betting to reach $1.8 billion in 2022, a sizable jump of 80% from 2021. By 2024, BIA projects local ad spend for the category to total $2.9 billion. BIA¡¯s Nicole Ovadia, says, ¡°With New York and other larger markets making online sports betting legal this year, that has led to a significant increase in ad spending. BIA is also forecasting this vertical to grow significantly between now and 2024 when it will hit nearly $3 billion. This jump is dependent on California voting to legalize online gambling in 2023 and going live in 2024.¡±
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¡°We basically have poured kerosene on it by legalizing without giving it significant attention,¡± she said. ¡°It¡¯s only going to become more prominent and more severe in its presentation.¡±
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Sports betting and iGaming operator BetMGM announced Tuesday it has been named ¡°Online Casino of the Year¡± at the 2022 edition of the American Gambling Awards.

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