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The Rise of Online Betting Solutions Coincides with an Upturn in Public Opinion
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NEW YORK, April 15, 2021 /PRNewswire/ More and more states are launching online betting businesses as the legal infrastructure and public opinion have turned in favor of such services. This year, nineteen states will decide whether to legalize sports betting services this year, either through voter referendums or state legislature statutes. According to a report by CNBC, if all nineteen states vote yes, that will more than double the number of states where sports betting is already legal. This is a big year, said DraftKings CEO Jason Robins in an interview. We ve got about 20 states set to vote on legalization. What percentage of those decide yes - that ll swing things either in a positive or negative direction for us. Last year, three states had measures on the ballot to legalize sports betting: Maryland, Louisiana and South Dakota. All voted yes. Bragg Gaming Gr
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A Friendlier Legal Infrastructure is Accelerating the Growth of Online Gambling
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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:
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