Illustration by Lily LK for The Washington Post.

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Liquidity has been an issue for Bally¡¯s: in its Q3 2022 earnings statement, the company reported $3.4B in debt and only $165M in cash on hand. The transaction with Oak Street is the third sale-leaseback deal for Bally¡¯s this year.

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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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DraftKings is robust both in terms of its quantity of bets and the breadth of sports offered. It popularized a wager that allows customers to guess who will score the first touchdown in a game; and this year it plans to add another layer, allowing bettors to guess which player or players will score the first two touchdowns.