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The gaming companies have joined in. DraftKings started a social page on which gamblers can share their parlays and picks, keeping bettors in the app for longer. Since people ages 21 to 30 are constantly on social media, it makes sense for gambling companies to reach them that way.
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¡°At the end of the day, we see that the model is not sustainable,¡± says Jason Angelides. ¡°Companies are paying a large bounty, up to $2,000, to acquire a customer and bring them to their apps. Then they provide no differentiation of product. The majority of gaming apps are very similar.¡±
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Is it wild? Yes. Is it worrisome? Possibly. But it¡¯s also the future of sports, and there¡¯s likely no going back.