{"id":400355,"date":"2022-01-28T01:23:33","date_gmt":"2022-01-27T22:23:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/as-meme-stocks-fall-sports-betting-apps-are-angling-for-customers\/"},"modified":"2022-01-28T01:23:33","modified_gmt":"2022-01-27T22:23:33","slug":"as-meme-stocks-fall-sports-betting-apps-are-angling-for-customers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/as-meme-stocks-fall-sports-betting-apps-are-angling-for-customers\/","title":{"rendered":"#As meme stocks fall, sports betting apps are angling for customers"},"content":{"rendered":"<p>&#8220;<strong>#As meme stocks fall, sports betting <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s are angling for customers<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>As battered-down meme stocks fall out of fashion a year after the craze began, some gaming industry analysts say online sports betting apps could see a flood of new wagers. <\/p>\n<p>Over the past 12 months, mentions of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop on the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a> board WallStreetBets have fallen slightly, by 1.45%, according to numbers crunched for On the Money by data firm Thinknum. Mentions of Caesars Entertainment, meanwhile, are up nearly 1,000%. Betting app DraftKings is up nearly 560%. <\/p>\n<p>Yes \u2014 that\u2019s probably because FanDuel and DraftKings, which together\u00a0control a majority share of the online sports-betting market, have lately dangled credits as high as $1,000 to sign up new members. Caesars has likewise staged aggressive promotions in New York despite a high state tax rate of 51% on online gaming revenues.<\/p>\n<p>Nevertheless, Chris Grove \u2014 a gaming analyst who is also head of a lead-generation company focused on the US gambling market \u2014 says these apps have good reason for optimism that their promotions will yield fruit.<\/p>\n<p>\u201cBetting on stocks and [gambling] in an app is the same thing,\u201d Grove told On The Money. \u201cThere\u2019s a common thread through these activities \u2014 and a fair amount of overlap in demographic and skillset between meme stocks and sports betting.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_02.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Some gaming industry analysts say online sports betting apps could see a flood of new wagers as battered-down meme stocks fall out of fashion.\" class=\"wp-image-20995460\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_02.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_02.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_02.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sports betting apps have seen a massive bump in mentions as meme stocks wane.<\/figcaption><figcaption><span class=\"credit\">Getty Images\/Image Source<\/span><\/figcaption><\/figure>\n<p>Last week, the\u00a0New York Gaming Commission said mobile sports betting was off to a brisk start in its first week, with more than $600 million in bets taken by Caesar\u2019s, FanDuel, DraftKings and BetRivers. Gaming analysts said that the massive haul was partly the result of \u201cheavy promotion from the operators.\u201d<\/p>\n<p>\u201cUnlike Uber or Doordash, there is no debate about whether this will work once that initial phase of jostling for market share subsides,\u201d Grove contends. \u201cThe underlying business is profitable.\u201d <\/p>\n<p>Nevertheless, one gaming operator is looking to cash out early. Las Vegas-based casino giant Wynn is quietly shopping its Wynn Interactive unit \u2014 operator of the WynnBet online gaming app \u2014 and has slashed the asking price to $500 million after floating a $3 billion valuation less than a year ago, The Post was first to report.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_98.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"oney that flooded into meme stocks over the past year -- powered by the chattering classes on Reddit forum Wall Street Bets -- now could be moving to a new venue: the gambling hall. Or at least the virtual one.\" class=\"wp-image-20995497\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_98.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_98.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_98.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Money that flooded into meme stocks over the past year  now could be moving to a new venue: sports betting.<\/figcaption><figcaption><span class=\"credit\">Boston Globe via Getty Images<\/span><\/figcaption><\/figure>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/01\/27\/as-meme-stocks-fall-sports-betting-apps-are-angling-for-customers\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#As meme stocks fall, sports betting apps are angling for customers&#8221; As battered-down meme stocks fall out of fashion a year after the craze began, some gaming industry analysts say online sports betting apps could see a flood of new wagers. Over the past 12 months, mentions of GameStop on the Reddit board WallStreetBets have&#8230;<\/p>\n","protected":false},"author":1,"featured_media":400356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/sports-betting_97.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[124970,72966,72967,106544,89645,77164],"class_list":["post-400355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-27-22","tag-casinos","tag-gambling","tag-on-the-money","tag-online-gambling","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/400355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=400355"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/400355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/400356"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=400355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=400355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=400355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}