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Commentary
With Few TV Sports, Media Companies Invest More In Online Gambling

by Wayne Friedman , Staff Writer, Yesterday

Let’s face it. U.S. consumers are starved for good entertainment, scripted TV and nonscripted TV, as well as sports TV competition.

For the latter, some consumers are going online. But what happens when the online stuff is dependent on sports TV content like online wagering.

With the lack of sports programming, online gambling platforms have suffered. In its place comes old-school gaming: poker, slots, blackjack, craps and roulette.

Both New Jersey and Pennsylvania have seen surges in online poker gambling in April -- $43.1 million in Pennsylvania, and $79.9 million in New Jersey. This is up from February’s $19.5 million and $52.0 million haul, respectively.

But that’s a drop in the bucket. For example, before COVID-19, Pennsylvania’s total sports betting take (online and in casinos) was $348.4 million in January 2020, now dropping to $46 million in April.

https://www.mediapost.com/publications/articl...re-in.html