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New Regulatory Terms Strengthen the Online Betting Market


New Regulatory Terms Strengthen the Online Betting Market
FinancialBuzz.com News Commentary
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NEW YORK, March 12, 2021 /PRNewswire/ The first college sports deal with a gambling company outside of Nevada was recently implemented. According to a report by Bloomberg Tax, the deal between the University of Colorado and PointsBet an Australian based bookmaker launching its U.S. headquarters in Denver, is worth USD 1.625 Million, and includes tax-write offs. It is the latest in an explosion of ad-deals between sportsbooks and teams or leagues, although it s the first collegiate pact of its kind, the report explains. The more favorable attitude towards sports betting and online gambling is a trend that has started before the pandemic but was accelerated due to its effects. To illustrate just how popular online sports betting is in states where the market can already operate, according to data from Odds.com, which was published by F ....

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Confluence of Events Leads to a Surge in Online Betting Options


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 ....

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