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Author Bio After producing excellent results in Marketing Operations for over 16 years, and being a business owner prior to that, Jeff has developed a strong understanding of business success and a keen eye for data and detail. Combined with investing experience going back 30 years to his first investment in mutual funds, his knowledge and interests have led him to the role of a contract writer for The Motley Fool. You may have noticed that online betting and gaming excitement seems to be taking over our television sets and media devices. Every time I turn on the TV these days, I see commercials from the likes of ....
A Friendlier Legal Infrastructure is Accelerating the Growth of Online Gambling FinancialBuzz.com News Commentary Share this article Share this article 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 ....
New Technologies Expand the Possibilities of Online Gambling - FinancialBuzz.com News Commentary NEW YORK, March 12, 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 is now also expected to create new opportunities for players and betters alike. As for sports betting, the segment has majorly benefited from a continuously improving and friendlier legal infrastructure. For example, sports fans in Arizona could soon have the ability to place bets inside sports venues while the action unfolds. For others, daily online fantasy sports platforms like Draft Kings and FanDuel might soon be operating legally in their state. Bragg Gaming Group Inc. (OTC: BRGGF) (TSX-V: BRAG), Esports Entertainment Group, Inc. (NASDAQ: GMBL), Roundhill Sports Betting & iGaming ETF (NYSE: BETZ), Bally ....
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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, Mor ....