West Virginia University researchers are studying why bettors chase losses, using real-time data from state gaming operators, according to the report. An Arnold Ventures grant of $300,000 is funding the work. The research focuses on sports and parlay betting, including whether near-miss outcomes can prompt risky behaviour.
Findings could inform how operators identify and respond to loss-chasing behaviour.
The day’s most important stories, free. One email a day.
West Virginia reported $881.1m in sports and iGaming wagering in June, up 20% from the previous year, according to the report.
West Virginia sports and iGaming wagering rose 26% to $846.4 million in the four weeks to 30 May, according to a report. The supplied report text gives no further details.
Reportedly, Games Global has obtained a licence as it enters West Virginia. The entry expands the iGaming content supplier's presence in the regulated US market.
Games Global has obtained a licence from the West Virginia Lottery Commission to offer its product portfolio in West Virginia, the company said. The licence allows the iGaming content supplier to make a collection of its titles available to players in the state for the first time.
Play’n GO has launched casino content through Ember Casino in West Virginia under a partnership with Ember Entertainment, the companies said. Pennsylvania and New Jersey launches are planned for the coming months, with additional content to follow as the rollout expands.
bet365 has launched sports betting and casino products in West Virginia. The launch takes the operator live in 18 US states as it continues its North American rollout.