PGA TOUR Announces theScore Bet as an Official Betting Operator mobilitytechzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobilitytechzone.com Daily Mail and Mail on Sunday newspapers.
New Approach to Licensing Prompts Rapid Growth of the Online Betting Market
FinancialBuzz.com News Commentary
Share this article
Share this article
NEW YORK, March 4, 2021 /PRNewswire/ Two major segments of the online gambling industry are online gaming (i-gaming) and sports betting. Online gaming, in particular, has proven to be a pandemic proof segment. An increasing number of online events with large prize pools are now expected to create new opportunities for players and betters alike. As for sports betting, the segment has also benefited from a continuously improving and friendlier legal infrastructure. For example, a report by the Chicago Sun-Times indicates that New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, spending almost USD 668 Million in August on events including resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak. As a result of the evident spike in demand, Morgan Stanley rep
03/01/2021
One of the big stories of the past few weeks has been growing interest in the intersection of sports collectibles with blockchain technology, perhaps most exemplified by the growth of the NBA Top Shot highlights marketplace. That particular marketplace, which had generated more than $230 million in gross sales as of Sunday, lets consumers buy blockchain-tied non-fungible tokens (NFTs) that translate into unique digital collectibles of particular plays. And there’s talk about what that could mean for other sports, too. Amidst that, though, there’s also still plenty of interest in traditional sports cards, with a 1952 Mickey Mantle card selling for a record $5.2 million recently. And that would seem to make it a pretty good time for a sports media company to launch a content series focusing on both traditional and digital collectibles, which is what theScore is doing with a new “Mint Conditions” weekly series.
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
As legal betting booms, journalists jump from sports page to sportsbook
Ben Strauss, The Washington Post
Dec. 19, 2020
FacebookTwitterEmail
Readers of the Chicago Tribune have come to know sportswriter Teddy Greenstein over the last two-plus decades for his coverage of golf and the Big Ten. But if they want his insights on The Masters or his weekly college football picks, they ll no longer find them in their local paper. They ll have to look, instead, to the tweets and videos Greenstein makes for PointsBet, the sports-betting company where he started recently as senior editor.
Over the last decade, the Tribune, like many media outlets big and small, has hemorrhaged jobs. This summer, in the midst of the pandemic, there were furloughs, casting its future in ever shakier terms. Greenstein headed for what looked like greener pastures, pegging his career squarely on the future of legal sports gambling.