A Friendlier Legal Infrastructure is Accelerating the Growth of Online Gambling
FinancialBuzz.com News Commentary
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NEW YORK, April 5, 2021 /PRNewswire/ -- The online gambling industry has seen steady growth in its popularity for several years. However, the pandemic and its consequences have pushed the demand even further. Two major segments of the online gambling industry are online gaming (i-gaming) and sports betting. Both have proved to be pandemic proof segments. The sports betting segment in particular has benefited from a continuously improving and friendlier legal infrastructure. As a result of the evident spike in demand, Morgan Stanley reported that it now projects that the domestic sports betting industry will reach revenues of about USD 7 Billion by 2025, a major increase from the USD 5 Billion projected in June 2018 and reiterated last December, Casino.org reports. Trident Acquisitions Corp. (NASDAQ: TDAC), DraftKings Inc. (NASDAQ: DKNG), Roundhill Sports Betting & iGaming ETF (NYSE: BETZ), fuboTV Inc. (NYSE: FUBO), Skillz Inc. (NYSE: SKLZ)