One interesting development was that retail sports betting handle rose 30.5% in August to just over $7 million, from the $5.38 million in July. Perhaps the Connecticut Sun¡¯s WNBA playoff run had something to do with drawing more wagering at physical sportsbooks. The Sun went to the WNBA Finals before losing the best-of-five series 3-1 to Las Vegas, with the Aces clinching Sunday in Game 4.
These markets require licensing fees and, oftentimes, high taxes. Online operators might be seeking lower payout percentages to help offset these costs.
My biggest gripe with DraftKings is that its sign-up offer is the worst of the bunch ¡ª not to mention misleading. The site boasts ¡°Get a deposit bonus up to 1,000*¡± and that asterisk should require hazard lights: To reach that bonus, you¡¯d need to wager $25,000 in 90 days.
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The same is true of several casino games, including slots and roulette, in which players put money on the table and cross their fingers for a win. You are taking a more passive part in both cases since you are wagering on the result.
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