Confluence of Events Leads to a Surge in Online Betting Options
FinancialBuzz.com News Commentary
NEW YORK, Feb. 3, 2021 /PRNewswire/ -- 2020 was an important year for the online betting industry. The pandemic, and numerous social distancing measures that were implemented to combat it, have created just the right environment for various internet-based businesses, including sports betting and esports, to take off. Over the course of the last year, sports betting was legalized in key U.S. states, as well as several European markets. This is the direct response to stronger consumer adoption of online sports betting and a growing demand for at-home entertainment. As a result, the online sports betting industry now has a broader reach and a larger user base in 2021 than ever before, all as major league sports are in the midst of action. Major legislative breakthroughs in key markets are also expected to continue into 2021. Bragg Gaming Group Inc. (OTC: BRGGF) (TSX-V: BRAG), Penn National Gaming (NASDAQ: PENN), Score Media and Gaming Inc. (OTC: TSCRF), Caesars Entertainment, Inc. (NASDAQ: CZR), MGM Resorts International (NYSE: MGM).