New York Tech Media
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
New York Tech Media
No Result
View All Result
Home Startups & Leaders

Porsche, Sharp Alpha Advisors Fund Motorsports Data Startup Griiip

New York Tech Editorial Team by New York Tech Editorial Team
February 14, 2022
in Startups & Leaders
0
Porsche, Sharp Alpha Advisors Fund Motorsports Data Startup Griiip
Share on FacebookShare on Twitter

New Yorkers dialed the state’s problem gambling hotline 91 times more in January compared to the same month last year. The 46% uptick in calls came during the first month of legal online sports betting in N.Y., which had a single-month U.S. record of $1.6 billion in sports bets placed on mobile phones. 

“With the start of Mobile Sports Betting and the proliferation of gambling ads and giveaways, we anticipate the numbers of individuals and families needing help will continue to increase,” New York Council on Problem Gambling executive director Jim Maney told PlayNY.

New Yorkers made 198 problem gambling calls to the NY HOPEline in Jan. 2021 compared to 289 last month, according to data shared to PlayNY from a state government spokesperson. The state generated $57.6 million in taxes from online sports betting last month and $113 million in revenue for the sportsbooks. FanDuel, DraftKings, Caesars, BetMGM, PointsBet, WynnBET and Bet Rivers are the seven sportsbooks currently operating mobile apps in N.Y.

New York sports channel MSG Networks this week launched “Bet-A-Palooza presented by DraftKings,” a slate of new betting programming that includes a betting-themed game broadcast airing on the MSG+ and MSG GO streaming platform. That simulcast debuted with last night’s New York Knicks game against the Golden State Warriors and will return for Saturday’s Knicks game, as well.

“We must address this issue in real time and not 1 year or 2 years down the road. The clock is ticking because now that Mobile Sports Betting has started, there are serious discussions regarding the addition of 3 downstate casino licenses and right after that will come iGaming, eSports, betting kiosks at racetracks and arenas like Madison Square Garden,” Maney wrote in a letter, in which he asked New York State to give $15 million toward problem gambling support.

The American Gaming Association estimates that 31 million Americans will wager a total of $7.6 billion on Super Bowl LVI. While Sunday’s Bengals-Rams matchup will feature an all-out blitz of ads from legal sports betting apps, problem gambling departments are concerned about betting-like free games being marketed towards kids. For example, the NFL and Nickelodeon’s slime-draped website collaboration is asking kids to pick the winner of Sunday’s big game. The site gives points for correct picks alongside cartoon visuals and NFL trivia. 

“There’s a massive exposure effect. There’s a habituation and grooming effect,” Keith Whyte, executive director of the National Council on Problem Gambling, told Axios. 

Credit: Source link

Previous Post

London IVF Insurance Startup Gaia Raises $20M

Next Post

Equipment investments minimize labor needs for operators

New York Tech Editorial Team

New York Tech Editorial Team

New York Tech Media is a leading news publication that aims to provide the latest tech news, fintech, AI & robotics, cybersecurity, startups & leaders, venture capital, and much more!

Next Post

Equipment investments minimize labor needs for operators

  • Trending
  • Comments
  • Latest
Meet the Top 10 K-Pop Artists Taking Over 2024

Meet the Top 10 K-Pop Artists Taking Over 2024

March 17, 2024
Panther for AWS allows security teams to monitor their AWS infrastructure in real-time

Many businesses lack a formal ransomware plan

March 29, 2022
Zach Mulcahey, 25 | Cover Story | Style Weekly

Zach Mulcahey, 25 | Cover Story | Style Weekly

March 29, 2022
10 Raunchy Movies on Netflix You Won’t Regret Watching

10 Raunchy Movies on Netflix You Won’t Regret Watching

May 20, 2024
How To Pitch The Investor: Ronen Menipaz, Founder of M51

How To Pitch The Investor: Ronen Menipaz, Founder of M51

March 29, 2022
Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

March 29, 2022
Startups On Demand: renovai is the Netflix of Online Shopping

Startups On Demand: renovai is the Netflix of Online Shopping

2
Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

1
Menashe Shani Accessibility High Tech on the low

Revolutionizing Accessibility: The Story of Purple Lens

1

Netgear announces a $1,500 Wi-Fi 6E mesh router

0
These apps let you customize Windows 11 to bring the taskbar back to life

These apps let you customize Windows 11 to bring the taskbar back to life

0
This bipedal robot uses propeller arms to slackline and skateboard

This bipedal robot uses propeller arms to slackline and skateboard

0
laptop on glass table

Automat-it Cuts Deployment Friction as Monce Scales AI Order Processing on AWS

April 13, 2026
Lee's Famous Recipe Chicken

Why Lee’s Famous Recipe Chicken Is Betting on Hi Auto to Quietly Rewire the Drive-Thru

April 9, 2026
computer generated image of letters

San Francisco Tribune Lists 11 HumanX Startups Moving AI Closer to the Operating Core

April 8, 2026
Impala CEO and Highrise AI CEO

The Industrialization of AI Infrastructure: What Impala and Highrise AI Reveal About the Next Scaling Frontier

April 7, 2026
Employee Time Tracking

What is an Employee Time Tracking Solution? A Definite Guide for 2026

March 31, 2026
Voltify founders

Voltify Raises $30 Million Seed Round as It Challenges $1 Trillion Rail Electrification Model

March 31, 2026

Recommended

laptop on glass table

Automat-it Cuts Deployment Friction as Monce Scales AI Order Processing on AWS

April 13, 2026
Lee's Famous Recipe Chicken

Why Lee’s Famous Recipe Chicken Is Betting on Hi Auto to Quietly Rewire the Drive-Thru

April 9, 2026
computer generated image of letters

San Francisco Tribune Lists 11 HumanX Startups Moving AI Closer to the Operating Core

April 8, 2026
Impala CEO and Highrise AI CEO

The Industrialization of AI Infrastructure: What Impala and Highrise AI Reveal About the Next Scaling Frontier

April 7, 2026

Categories

  • AI & Robotics
  • Benzinga
  • Cybersecurity
  • FinTech
  • New York Tech
  • News
  • Startups & Leaders
  • Venture Capital

Tags

AI AI QSRs Allseated Automat-it AWS B2B marketing Business CISO CISO Whisperer Collaborations Companies To Watch cryptocurrency Cybersecurity Entrepreneur Fetcherr Finance FINQ Fintech Funding Announcement hi-tech Hi Auto Impala Investing Investors investorsummit Israel israelitech Leaders LinkedIn Leaders Metaverse Mindset Minnesota omri hurwitz PointFive PR QSR Real Estate start- up startupnation Startups Startups On Demand Tech Tech leaders Unlimited Robotics VC
  • Contact Us
  • Privacy Policy
  • Terms and conditions

© 2024 All Rights Reserved - New York Tech Media

No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital

© 2024 All Rights Reserved - New York Tech Media