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Sports Betting Is Revving Up Ad Spending For Fourth Quarter
Historically, advertising in fourth quarter has been the most expensive of the year driven by high demand of the holiday season. Traditional product categories that ramp up their marketing budgets include retailers, toys/games, apparel, alcoholic beverages and movie studios. Plus every other year political ads plunk down billions of ad dollars. New to the list will be sports betting.
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¡°If there is any more than what we anticipated, it would likely be used for one-time expenditures,¡± Larking said, adding that he would like to see it help pay for the planned riverfront park project near the King Memorial Bridge.
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