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Local radio is also benefiting from sportsbooks seasonal ad spending strategy. According to Inside Radio, after a lull of several months in marketing activity, for the week of September 5 (which coincided with the start of the 2022 NFL season) three sportsbook companies ranked among the top 100 advertisers. DraftKings led, ranking ninth among all advertisers with 28,945 AM/FM spot occurrences, the most radio ads run by a sportsbook advertiser in any week. FanDuel ran 11,268 ads ranking 52nd and Caesars Sportsbook aired 6,766 messages ranking #86. BIA recently increased its radio ad spend forecast for sportsbooks from $150 million to $164 million for the year.
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Now legal in Pennsylvania ¡ª and 30 other states ¡ª the onetime clandestine purview of illegal bookies has gone mainstream and is growing more popular with every month¡¯s record revenues. Look no further than Stephen Starr, whose Bankroll restaurant will open this fall in the husk of the old Boyd Theater on Chestnut Street and promises, per a press release, a ¡°luxury sports bar experience¡± geared toward gambling.- The $20 million, 18,500-square-foot palace is funded in part by venture capitalist Paul Martino and will feature a ton of TVs, pub staples, and plenty of upscale options for those looking for a higher-end experience.
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