Chase Griffin’s Post

Gambling streams are still Kicking along very strongly. Every single press of the "Bet" button in the video below is over 2X the US minimum monthly wage. xQc streams to an average 28,000+ concurrent viewers on KICK. In May 22, he admitted to making over $2M in losses through online gambling. #KICK #digitalmarketing #influencermarketing

Within the first two months since online betting became legal in North Carolina, bettors had already wagered over $1 billion. But not everyone's happy. Bettors also filed about 85 complaints against gambling operators. That’s according to the state attorney general’s office and the state lottery commission. This story, and other local business news, on this week's BizWorthy. #charlotte #businessnews #news

My “£2 spin” on today’s announcement. I completely get why the decision has been made to bring online stake sizes inline with those offline (try saying that after a few beers, which you can spend as much as you like on BTW, just saying!) as well as putting in extra protections for 18–25-year-olds. But doesn’t it yet again seem like lazy legislation? I occasionally play slot games above a £5 stake (yes that’s right I am over 25) and whilst it won’t be a huge loss to me that I won’t be able to “legally” play this way, I do find it a real shame that our governments only strategy when it comes to safer gambling is to limit, block, ban and stigmatise. Shouldn’t we be educating players instead and working on effective prevention strategies as opposed to restrictive ones? It might also be worth pointing out that putting these restrictive measures in place might be a bit of an own goal as the government also aim to raise £60-£100 million through a mandatory levy 😮 Remember less GGY = less levy and not necessarily less harm! #PositivePlay

Interesting situation on these betting markets, that are becoming ever more popular. What happens when the data used for settlement, isn't accurate? This is a regular Monday morning task at UK Operators, trawling through highlights from the weekend counting fouls/shots etc.. OPTA always have two people check the results, but still mistakes happen, an independent assessor could greatly help. #Bettingindustry https://lnkd.in/egs-NW5z

The odds are slim that you’ll be waiting with bated breath today for news from a Westminster Media Forum, but if you work with gambling brands, there’s a lot at stake. There are some phenomenal statistics related to the gambling industry, but the most telling one is that since the inception of the National Lottery, almost half of all adults now gamble once a month. And yet, the Lottery isn’t officially considered gambling, doesn’t come under the jurisdiction of the Gambling Commission, and will get little or no attention in today’s discussions. If they come into play, then last years’ proposals of a statutory levy and a gambling ombudsman may mean the sector has to adapt an awful lot, but it’s a safe bet to say it’ll all mean little to the Lotto. https://lnkd.in/gADP6rfs

Dive into our new blog exploring the statutory levy - how it’ll work, our thoughts on it, and what it means for reducing gambling harms across England, Scotland and Wales. Read our full consultation response: https://ow.ly/qSFN50QjejB

In my own personal opinion - and it is strictly that - it is vitally important that this petition is signed by anyone who believes in economic liberty, freedom & the ability for individuals to spend their money how they so wish - and that's without mentioning the hard working people who live from, and work in, the wider gambling industry, and the mass-contributions that regulated gambling brings to the state as a whole. The enforcement of strict, draconian measures regards spending will have catastrophic effects for the industry, and will lead to a mass-exodus of life-long punters from the orbit of regulated gambling. According to an article on today's Racing Post, "the proposed checks could see bettors having to prove they can afford their hobby if they sustain losses as low as £1.37 per day". This is completely mindless, and these very people these measures aim to help will be thrust in to the dark world of unregulated gambling ('the black market') where they will have zero protection from unchecked & unhinged predatory practices, which are currently rampant in the 'underworld'. Policy makers & decision-makers alike may start to take more interest in this when government coffers from legal, regulated gambling become noticeably weaker as a result of a reduction in betting turnover which will naturally result in a big fall in the levy field. Let's be clear: gambling laws need to be updated to reflect the digital age, but they do not need to go excessively 'over the top' and infringe on the personal freedom of those millions who gamble responsibly every year, and the tens of thousands who's bread & butter depend directly, and indirectly, on horseracing/regulated gambling in general. Horse racing contributes over £4billion to the UK economy each year, and these affordability checks have the ability to threaten many a livelihood. Policy on these delicate but vital issues should be developed & implemented by experts of their field & those who live this world daily, not by puritanical, moralistic desires from those watching from a distance. This issue merits much closer inspection but these are my views in a minor nutshell. Articles of interest: https://lnkd.in/eKhHbwDj https://lnkd.in/eFM7eu5A https://lnkd.in/ebK4wmts https://lnkd.in/e6KtUkBA #affordabilitychecks #gambling #sportsbetting #liberty #markets #gamblingcomission #sports #horseracing #levy #taxes #economics

Skill machines and other gray market products are a never-ending dilemma for many states. Even Virginia, which theoretically banned them in 2020, continues to wrestle with the problem. Chav Vasilev reports: Now, two separate bills are underway to re-legalize the devices that never really went away. First, the pandemic delayed the implementation of the ban. Then there was a court battle. Finally, just last October, the state Supreme Court stepped in to affirm their illegality. But business owners are kicking up a fuss and the legislature is considering backtracking. The two bills differ in a few ways, most notably in that one of them would also allow for video lottery terminals. Either would be frustrating to the state's retail casinos, but possibly even worse for its chances of ever passing an iGaming bill. https://lnkd.in/ej48zxba #skillgamemachines #law #virginia

Prime example why I do not go to casinos or play the lottery. If you are a person whom is susceptible to the temptation of gambling might want to consider this. "When excessive reliance on luck and fate takes hold, it can lead to complacency and a sense of entitlement. A prominent example of this behavior is seen in playing the lottery. The lottery often encourages idleness and an urge for immediate satisfaction. Regrettably, a significant number of lottery winners find themselves in financial distress within a short timeframe due to these tendencies."