In the analysis, local TV media comes in No. 4 out of five channels, behind mobile, direct mail and desktop.
For broadcast TV sales professionals, this increase in ad spending is a golden opportunity to engage new local advertisers and retain more share of wallet from current customers.
Forecasted Holiday
Retail Spending
8.5-10%
Since the legality is at the state level, advertisers look to local markets versus national advertising options. Nielsen described the opportunity as a “golden goose,” as it’s rare for TV to usher in a new ad category. They go on to report, based on data from BIA, that online gambling advertising skyrocketed from only $19.7 million in 2019 to an estimate of $587 million by 2024. TV accounts for 80% of this category of advertising.
Sources: BIA, Axios, Conference Board, NRF, Washington Post, US Bets, Nielsen, NY Times, RBR