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The longer you hold on, the more you will win, but if the rocket crashes before you bail out, you win nothing.
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¡°The growth in this industry is still in its infancy stages in the U.S.¡± added David Rebuck, New Jersey's top gambling regulator as director of the state's Division of Gaming Enforcement.
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Helping to grow revenue (and ad dollars) is the continued legalization of sportsbooks by states. Last month Massachusetts became the 36th state to legalize sports betting (Washington D.C. has also legalized it). Massachusetts joins Maine, Ohio, Nebraska, Kansas and Florida as states that have legalized gambling but has yet to enact any regulations.
¡°We don¡¯t know what it¡¯s doing to a new generation under the age of 21,¡± Fong said. ¡°Before, you couldn¡¯t even talk about gambling without someone saying, ¡®You can¡¯t talk about gambling.¡¯ This generation is growing up with gambling on their TVs. All we can say is that it is a critical issue: The earlier you start gambling ¡ª and gambling regularly ¡ª that¡¯s the biggest risk factor for addiction.¡±