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By issuing an unlimited number of temporary licenses, everyone gets a chance to compete and work out the kinks while regulators decide who should stay, said Chris Cipolla, senior director of legal and government affairs for Boston-based Draft Kings, at a commission meeting Thursday.
A city-funded traffic study conducted by EPR, PC in Charlottesville in late 2020 and early 2021 found that the Schoolfield area can handle a casino with improvements made at intersections.
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The exploded adoption of online gambling can be well understood from the fact that the market was worth USD 57.54 billion in 2021, and is projected to grow at a CAGR of 11.7% between 2022 and 2030. The growth of the global online gambling market is being driven by the increasing popularity of online games in public places and at home, thanks to smartphones and fast mobile internet. The market is also being boosted by cultural and legal approvals, easy access to online gambling, celebrity endorsements, and corporate sponsorships. Due to the availability worldwide of affordable mobile apps, the market will continue to grow.
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