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Why a Rise in Retail Trading May Signal Another Mania A Booming Industry Outside of Traditional Finance The coronavirus pandemic brought the global economy to its knees. The sudden stop of commerce rippled through all aspects of life, from travel to dining, and retail. The premise of social distancing – avoiding close contact to reduce the spread of COVID-19 – also prove antithetical to another aspect of life: professional sports. Advertisement Like financial markets and retail trading, professional sports attract masses of individuals in all sorts of ways, springing offshoot industries in the process. One such ballooning industry is sports betting. Since 2018, when sports betting became legal outside of Nevada, American sportsbooks have handled over $22 billion in bets, garnering just over $1.5 billion in revenues.

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