In Pennsylvania, it’s been 26 years since the last legal bet was placed on a game, play, or point spread.
That is, until two weeks ago.
On November 15, a local resident walked into the Hollywood Casino at Penn National near Harrisburg and put $20 on the Pittsburgh Steelers to win the 2018 Super Bowl.
Of course, it’s too early to tell how his bet will fare.
But it’s not too early to see the excitement surrounding the newest addition to casinos.
You see, this isn’t the pen-and-paper operation at the corner candy store where your father used to place his bets at. Gamblers log their bets at high-tech kiosks, without ever talking to a person, saving time and minimizing mistakes.
There are additional kiosks where patrons can customize their screens, so they’re only watching the games they choose. The screen shows in-play odds, and wagers can be placed directly onto the screen.
Three more Pennsylvania casinos are preparing to open their sportsbooks in the next few weeks.
See, I recently took up the sport of skeet shooting and I want to get better. So over the Thanksgiving weekend, I bought a two-hour instructional video.
The process couldn’t have been any easier. I sat at the dining room table on Black Friday, the kickoff of the Christmas shopping season, with my iPad. I went to the website, ordered the video, and paid for it using a credit card, all in a matter of minutes.
My purchase may have been unique, but it was hardly isolated. Fact is, online and mobile sales soared on Black Friday. That’s critical because, as online shopping grows, these stats are now serving as a snapshot of our economic health.
Consider that Adobe Analytics says Black Friday alone accounted for $6.2 billion in online sales, up 23% from a year ago. Some 33.5% came from mobile phones and 10% from tablets.
That means mobile commerce accounted for nearly half of all e-commerce orders for this shopping bonanza.
With that in mind, let’s dig into a great way to tap the fast-moving world of mobile commerce.
It’s a trend that shows no signs of slowing down anytime soon.
The markets have been in turmoil lately as trade tensions with China and other nations build. The technology sector has suffered as a result, as have other sectors in the economy.
Michael just appeared on Yahoo! Finance to give the low down on what’s happening in the tech sector these days with the likes of some of the tech giants like Apple Inc. (Nasdaq:AAPL) and Facebook Inc. (Nasdaq:FB), and whether we’ve reached a bottom in the market. He also discusses the impact that Black Friday sales have as an indicator for the overall state of the economy, and what this year’s figures indicate for the weeks ahead. Click here to watch.
A tech powerhouse I've been tracking closely has gained some 290% over the past five years. Plus, a beat-and-raise quarter sent shares up more than 6% on November 6 when the Nasdaq Composite was still in a correction. That kind of strength in...
Quick: Choose between buying 1) a biotech exchange-traded fund that trades about 2.3 million shares a day or 2) a tech ETF that trades less than 7,300 shares per day.
If you chose 1, in this case you’d be wrong – but I understand your decision there.
After all, to make money in tech stocks you must consider volume, along with price action, fundamentals and other factors. That’s because some microcap stocks are so thinly traded that you might not be able to get out quickly should you need to.
Personally, I like to see at least 50,000 shares trading hands daily on small caps – and much more for larger firms. And 7,300 shares a day is far below those sorts of numbers.
However, when it comes to ETSs, volume is much less important than three other metrics you should consider when looking at these funds.
These three elements can mean the difference between riches and financial ruin.