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The process is easy and app-driven. Gaming companies provide constant offers of ��risk-free�� bets, which allow customers to bet up to a certain amount; if they lose, the money is returned to them as a credit (not cash) that they can use to bet later. They don��t need ��a guy�� or an offshore account. They open an app from a myriad of gaming companies (13 are active in Pennsylvania and 20 in New Jersey) and bet on just about anything you can imagine, including darts, snooker, Australian rules football and handball, before and during games. It��s reminiscent of the January 2021 technology-fueled stock-market run of GameStop, which was promoted on social media and joined online by scads of profit-seeking young investors. And the chance to play parlays, place prop bets (will James Harden make more than 2.5 three-pointers against the Heat?), and wager during games is extremely attractive to people 21 to 30 years old.
With at least 30 operators expected to apply for those seven licenses, commission officials worry what will happen to dozens of operators that may qualify for temporary licenses. Those would last up to a year and cost the companies a $1 million fee each. After taking bets in Massachusetts, the companies would likely have to shut down once the seven official mobile-only licensees are chosen.
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