Sports Wagering Research Articles

Analyzing the Efficiency of Response to News Regarding Legalization of Sports Wagering

A landmark decision (Murphy v. NCAA) by the Supreme Court of the United States (SCOTUS) in 2018 ruled the federal government could not prohibit states from allowing sports wagering. While the implications of this decision are far reaching at both an industry and societal level, our study assesses the market response to information available throughout the various phases leading up to this decision by SCOTUS. The timeline of events preceding the SCOTUS decision is tracked, and stock performances of relevant, publicly traded firms are analyzed across three inflection points. Findings suggest the market failed to adequately acknowledge key events indicating the likelihood of the eventual decision by SCOTUS, instead only responding once its formal ruling was released on the final decision date. These findings raise questions about the efficiency of markets reacting to available information and the potential for investors to profit in similar future situations.

To Play or Not to Play? An Analysis of Dispositions, Gambling, and Daily Fantasy Sport

Following a mega-advertising blitz in the late summer of 2015, daily fantasy sports (DFSs) entered a maturing fantasy sports market as a new, highly accessible, and potentially lucrative alternative to traditional, season-long fantasy sports. The two activities share a name but represent substantially different business models. In the view of some policy makers and state legislatures, DFS appeared to resemble a new form of sports wagering and as a result, several U.S. states banned the activity. The current study examined the consumption behavior differences and gambling-related dispositions of those fantasy participants who play DFS and those who do not. A total of 314 fantasy football participants were surveyed, and the results contribute to what we know about gambling and DFS participation. Although distinct differences were found between the two groups, the overall assessment of the findings suggest DFS participation appears to align more with highly involved traditional, season-long fantasy sports participation than other forms of gambling.

Modified Kelly criteria

Abstract This paper considers an extension of the Kelly criterion used in sports wagering. By recognizing that the probability p of placing a correct wager is unknown, modified Kelly criteria are obtained that take the uncertainty into account. Estimators are proposed that are developed from a decision theoretic framework. We observe that the resultant betting fractions can differ markedly based on the choice of loss function. In the cases that we study, the modified Kelly fractions are smaller than original Kelly.

FANTASY SPORTS WAGERING: IS IT A CONCERN AND DOES IT REQUIRE MORE REGULATION?

Gaming Law ReviewVol. 22, No. 1 CommentariesFANTASY SPORTS WAGERING: IS IT A CONCERN AND DOES IT REQUIRE MORE REGULATION?Jeffrey L. Derevensky and Loredana MarchicaJeffrey L. DerevenskySearch for more papers by this author and Loredana MarchicaSearch for more papers by this authorPublished Online:1 Feb 2018https://doi.org/10.1089/glr2.2018.2212AboutSectionsView articleView Full TextPDF/EPUB Permissions & CitationsPermissionsDownload CitationsTrack CitationsAdd to favorites Back To Publication ShareShare onFacebookTwitterLinked InRedditEmail View articleFiguresReferencesRelatedDetailsCited byInvestigating the effects of online sports betting on the perceived social wellbeing of student athletes30 October 2021 | International Journal of Business Ecosystem & Strategy (2687-2293), Vol. 3, No. 2Longitudinal playing trends among daily fantasy sports playersComputers in Human Behavior, Vol. 104 Volume 22Issue 1Feb 2018 InformationCopyright 2018, Mary Ann Liebert, Inc.To cite this article:Jeffrey L. Derevensky and Loredana Marchica.FANTASY SPORTS WAGERING: IS IT A CONCERN AND DOES IT REQUIRE MORE REGULATION?.Gaming Law Review.Feb 2018.55-60.http://doi.org/10.1089/glr2.2018.2212Published in Volume: 22 Issue 1: February 1, 2018Keywordsfantasy sportsdaily fantasy sportsproblem gamblingregulationPDF download

RESTORE AMERICA'S WIRE ACT: CLOUD KILLER?

RESTORE AMERICA'S WIRE ACT: CLOUD KILLER?

“It's just everywhere!” Children and parents discuss the marketing of sports wagering in Australia

Objective:To investigate how children and adults recall the content and promotional channels for sports wagering marketing. Methods:A mixed methods study of 152 parent/child (8–16 years) dyads was conducted at AFL (Australian Football League), NRL (National Rugby League), and soccer sporting sites in New South Wales and Victoria, Australia. Questions related to the frequency of viewing AFL and NRL matches, sports wagering promotions and perceptions of the normalisation of wagering in sport. Descriptive statistics and thematic analysis were used to analyse data. Results:Children recruited from NRL (n=75, 96.2%) and AFL (n=46, 92.0%) sites were significantly more likely to have recalled having ever seen a promotion for sports wagering as compared to children from Soccer sites (n=18, 75.0%) (p<0.05). Children and adults identified seeing sports wagering promotions in similar environments, most commonly on television, and at stadiums. Three‐quarters of children (75.0%) and the majority of adults (90.0%) perceived that sports wagering was becoming a normal part of sport. Conclusion and Implications:This research shows that children engaged in particular sports have high awareness of wagering marketing, particularly as seen on television or at sporting matches. Regulation should comprehensively address the placement, quantity and content of wagering marketing aligned with sport to prevent current and/or future gambling harm.

The role of peer influences on the normalisation of sports wagering: a qualitative study of Australian men

Sports wagering has been identified as a gambling product which may pose particular risks for young men, because of the aggressive marketing tactics used to promote these products, and the alignment with culturally valued sporting activities. However, there is very limited information about the socio-cultural processes that may contribute to the normalisation of sports wagering for this population. Using semi-structured interviews with 50 Australian young men who gambled on sport, we explored the way in which peer group behaviours influenced attitudes towards, and the consumption of, gambling products. Four thematic clusters emerged from the interviews. First, young men perceived that sports wagering was a ‘normal’ and socially accepted activity, and a natural ‘add on’ to sports. Second, there were clear indicators that sports wagering was becoming embedded within existing peer based sporting rituals, with the emergence of gambling clubs, and online forums. The third finding related to the shaping of gambling/sport discussions, which created a sense of identity and a point of conversation for peers. Finally, some participants spoke of the social pressure to gamble to ‘fit in’ with their friends. This study suggests that sports wagering poses a new health threat for young men, with sports wagering quickly being normalised as an embedded activity in young male sports fans' peer groups. There are clear lessons from the Australian experience for other countries, relating to the ways in which industry marketing tactics may combine with culturally valued activities such as sport, to influence risky gambling behaviours.

Nevada Moves Sports and Race Wagering Forward

Nevada Moves Sports and Race Wagering Forward

Creating symbolic cultures of consumption: an analysis of the content of sports wagering advertisements in Australia.

BackgroundSince 2008, Australia has seen the rapid emergence of marketing for online and mobile sports wagering. Previous research from other areas of public health, such as tobacco and alcohol, has identified the range of appeal strategies these industries used to align their products with culturally valued symbols. However, there is very limited research that has investigated the tactics the sports wagering industry uses within marketing to influence the consumption of its products and services.MethodThis study consisted of a mixed method interpretive content analysis of 85 sports wagering advertisements from 11 Australian and multinational wagering companies. Advertisements were identified via internet searches and industry websites. A coding framework was applied to investigate the extent and nature of symbolic appeal strategies within advertisements.ResultsTen major appeal strategies emerged from this analysis. These included sports fan rituals and behaviours; mateship; gender stereotypes; winning; social status; adventure, thrill and risk; happiness; sexualised imagery; power and control; and patriotism. Symbols relating to sports fan rituals and behaviours, and mateship, were the most common strategies used within the advertisements.Discussion/ConclusionsThis research suggests that the appeal strategies used by the sports wagering industry are similar to those strategies adopted by other unhealthy commodity industries. With respect to gambling, analysis revealed that strategies are clearly targeted to young male sports fans. Researchers and public health practitioners should seek to better understand the impact of marketing on the normalisation of sports wagering for this audience segment, and implement strategies to prevent gambling harm.

Fantasy Sports: A Growing Concern Among College Student-Athletes

Participation in fantasy sports has become increasingly popular. Typical gambling activities such as poker, sports wagering and, sports lotteries, share many similar characteristics with fantasy sports playing. Research has shown that not only are college students more likely to partake in risky behaviors (gambling, alcohol and drug use), but those who partake in fantasy sports are also more likely to experience gambling-related problems. However, no published studies have examined the relationship between student-athletes and fantasy sports participation. Using data from the 2004, 2008 and 2012 National Collegiate Athletic Association (NCAA) studies assessing gambling behaviors and problems among U.S college student-athletes, this study aims to explore the prevalence and growth in fantasy sports among student-athletes. Further, it examines whether, in the 2012 study, student-athletes qualifying as at-risk or having gambling problems participate more often in fantasy sports. Overall a steady increase in fantasy sports participation (for money or fun) in college was found looking at these three cross-sectional studies. Additionally, approximately half of college student-athletes who qualified as at risk or having gambling problems were found to have participated in fantasy sports wagering.

Using Sports Wagering Markets to Evaluate and Compare Team Winning Streaks in Sports

Point spreads and money lines from sports wagering markets are used to evaluate the impressiveness of team streaks. Sports wagering data have previously been useful in assessing competitive balance in sports. Our approach was motivated by the amount of media scrutiny that accompanied the winning streak of the NBA’s Miami Heat and the point streak of the NHL’s Chicago Blackhawks which occurred simultaneously for the most part in 2013. The topic came to the forefront again with the 2014-2015 winning streak of the Atlanta Hawks. Three streaks are highlighted in our paper. The length of the streaks, the quality of the competition, injuries, and a variety of other factors were mentioned in the media but the discussion was limited to subjective opinions as no way of properly weighing relative influence of the factors was identified. Wagering markets provide an excellent source of information for making these judgments. Several complementary measures are described and the most impressive team streaks within and across professional baseball, basketball, football, and ice hockey are identified.

North American sports leagues and gambling policy: a comparative analysis

This paper analyzes the near-simultaneous submissions made by the five major North American sports leagues in opposition to New Jersey and Canada’s proposed gambling schemes, both of which would allow for the creation of single-game sports wagering. The method employed is one of comparative legal analysis of the declarations and depositions filed in proceedings surrounding the New Jersey legislation, and submissions made to Canadian Parliament. The analysis of the data involved a comparison of key legal arguments and consistency based on length, format, content, formality and the status of the signatories.

The Status of Sports Wagering

The Status of Sports Wagering

Sports Wagering Prohibition in the United States: An Exercise in Futility and the Best Development for Organized Crime

Gaming Law Review and EconomicsVol. 15, No. 5 ArticlesSports Wagering Prohibition in the United States: An Exercise in Futility and the Best Development for Organized CrimeJoseph M. KellyJoseph M. KellySearch for more papers by this authorPublished Online:26 May 2011https://doi.org/10.1089/glre.2011.15508AboutSectionsPDF/EPUB Permissions & CitationsPermissionsDownload CitationsTrack CitationsAdd to favorites Back To Publication ShareShare onFacebookTwitterLinked InRedditEmail FiguresReferencesRelatedDetailsCited byIllegal gambling businesses & organized crime: an analysis of federal convictions17 February 2017 | Trends in Organized Crime, Vol. 21, No. 3Sports betting and the integrity of Australian sport: Athletes' and non-athletes’ perceptions of betting-motivated corruption in sportInternational Journal of Law, Crime and Justice, Vol. 52Organized Crime Offenders in Canada: Risk, Reform, and RecidivismJournal of Offender Rehabilitation, Vol. 52, No. 2 Volume 15Issue 5May 2011 InformationCopyright 2011, Mary Ann Liebert, Inc.To cite this article:Joseph M. Kelly.Sports Wagering Prohibition in the United States: An Exercise in Futility and the Best Development for Organized Crime.Gaming Law Review and Economics.May 2011.257-259.http://doi.org/10.1089/glre.2011.15508Published in Volume: 15 Issue 5: May 26, 2011PDF download

Recent Developments in the Italian Gaming Legal Framework

The “Financial Law” is a particular legislative act, adopted by means of a specific legislative procedure, according to which every year the Houses (Chamber of Deputies and Senate) approve a set of rules aimed at realizing financial effects starting from the first year successive to the one in which the Financial Law is adopted. The last Financial law for the year 2003 introduced interesting provisions aimed at fighting illicit uses of entertainment equipment and devices and at providing new rules for sports wagering and horse race wagering.1 The law provides that the production, importation, and management of entertainment equipment and devices are subject to prior authorization given by the Minister of Economy (through the State Monopolies). On the basis of the authorizations released, the Minister of Economy must set up and manage a national electronic databank containing all the information about production, distribution, importation, and release of entertainment equipment and devices for legal gaming. It must be noted that this electronic databank must be replaced in December 2003 by a telematic network accessible via the Internet. To obtain the ministerial authorization, the following requirements must be met:

Betting the Line: Sports Wagering in American Life

Betting the Line: Sports Wagering in American Life

The Near-Regulation of Online Sports Wagering by United States v. Cohen

Gaming Law ReviewVol. 7, No. 3 Original PapersThe Near-Regulation of Online Sports Wagering by United States v. CohenDavid B. McGintyDavid B. McGintySearch for more papers by this authorPublished Online:6 Jul 2004https://doi.org/10.1089/109218803766651494AboutSectionsPDF/EPUB Permissions & CitationsPermissionsDownload CitationsTrack CitationsAdd to favorites Back To Publication ShareShare onFacebookTwitterLinked InRedditEmail FiguresReferencesRelatedDetails Volume 7Issue 3Jun 2003 To cite this article:David B. McGinty.The Near-Regulation of Online Sports Wagering by United States v. Cohen.Gaming Law Review.Jun 2003.205-214.http://doi.org/10.1089/109218803766651494Published in Volume: 7 Issue 3: July 6, 2004PDF download

Richard O. Davies and Richard G. Abram. &lt;italic&gt;Betting the Line: Sports Wagering in American Life&lt;/italic&gt;. Columbus: Ohio State University Press. 2001. Pp. 212. Cloth $60.00, paper $24.00

Richard O. Davies and Richard G. Abram. Betting the Line: Sports Wagering in American Life. Columbus: Ohio State University Press. 2001. Pp. 212. Cloth $60.00, paper $24.00 Get access Davies Richard O. and Abram Richard G.. Betting the Line: Sports Wagering in American Life. Columbus: Ohio State University Press. 2001. Pp. 212. Cloth $60.00, paper $24.00. Murray Sperber Murray Sperber Indiana University, Bloomington Search for other works by this author on: Oxford Academic Google Scholar The American Historical Review, Volume 107, Issue 4, October 2002, Pages 1234–1235, https://doi.org/10.1086/ahr/107.4.1234 Published: 01 October 2002

Reviews of Books:Betting the Line: Sports Wagering in American Life Richard O. Davies, Richard G. Abram

Reviews of Books:Betting the Line: Sports Wagering in American Life Richard O. Davies, Richard G. Abram

Online Gambling and Sports Wagering in Italy by Means of Websites

Gaming Law ReviewVol. 6, No. 4 Online Gambling and Sports Wagering in Italy by Means of WebsitesAlessandro del Ninno and Giorgio AltieriAlessandro del NinnoSearch for more papers by this author and Giorgio AltieriSearch for more papers by this authorPublished Online:6 Jul 2004https://doi.org/10.1089/109218802760234151AboutSectionsPDF/EPUB ToolsPermissionsDownload CitationsTrack CitationsAdd to favorites Back To Publication ShareShare onFacebookTwitterLinked InRedditEmail FiguresReferencesRelatedDetails Volume 6Issue 4Aug 2002 To cite this article:Alessandro del Ninno and Giorgio Altieri.Online Gambling and Sports Wagering in Italy by Means of Websites.Gaming Law Review.Aug 2002.313-317.http://doi.org/10.1089/109218802760234151Published in Volume: 6 Issue 4: July 6, 2004PDF download