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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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Is it a useful countermeasure? Or merely a quiet alarm bell drowned out by the promotional clamor? Lives and livelihoods may depend on the answer. One report in the United Kingdom ¡ª where sports betting has been more liberalized for a while ¡ª found 55,000 ¡°problem¡± gamblers between ages 11 and 16.
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