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Casinos initially had the same concerns when New Jersey launched internet gambling in Nov. 2013. Luisa Woods is vice president of Delaware North, the gambling, hospitality and sports company that owns casinos in New York, Arizona, Arkansas, Florida, West Virginia and Ohio.
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At a Chicago Cubs game this summer, my friend stayed amused by repeatedly betting whether a pitch would be faster or slower than the speed DraftKings set as the line. I looked over his shoulder in awe ¡ª both at his borderline degenerate behavior and the impressive technology, which quickly updated its numbers between pitches.
¡°You see it¡¯s legal, you try it, and then boom, you¡¯re addicted,¡± he said.
The variable slots payback trend only seems to be growing. Therefore, I see the situation getting worse before it improves.
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The total taxable gaming revenue from online gaming was $17,726,085 for August, up 6.4% from July ($16,655,426). The state revenue share rose by the same percentage, from almost $3 million to $3.19 million, according to figures from the Connecticut State Department of Consumer Protection.
"There's so many obscure or undercapitalized originators who are putting out great work, who clearly have an edge, and, yet, nobody knows who they are, despite their obvious potential," he added. "We are always searching for that person. Always. We've been lucky enough to hire some serious talent using Twitter and have seen people grow into integral parts of our team while making us better."