Earlier there was a U.S Federal Law that prohibited legal sports gambling. But now sports gambling has been authorized in the US. This has led to a gambling revolution in the country. And there are many investors who are banking on it.
MGM Resorts, International Game Technology, Boyd Gaming Corporation, Marriott International, Millennial Esports Corp are some of the investors.
New Jersey handled more than $250 million in bets in October. That’s a 41% increase from the previous month. It was followed by Mississippi, Delaware, West Virginia, New Mexico, Pennsylvania, Rhode Island, the gambling world us looking great right now.
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Sports betting is meagre compared to blackjack earnings of $1.24 billion. The legal sports betting had a revenue of $329.1 million only. But MGM a major casino chain is all set to crush the sports betting arena.
Bragg Gaming Group formerly known as Breaking Data Corp is also making an impact in the global gaming platform. It has 31 million audience for its Give Me Sport (GMS).
International gaming technology hasn’t had the best of years. But with a market cap of $3.4 billion, this firm is huge. It is branching into sports betting one-year can make a huge difference in the market.
Boyd Gaming has 29 gaming properties in the US, which makes it one of the largest casino operators in the country. It is also in the gambling sector looking out to make it big. And given it has handled some of the biggest sportsbook in sin city, it is going to do great.
Marriott International is a hotel chain and its one of the best in the country. But to assume it can’t do good in sports betting is wrong. It has marketing and rewards programs that even casinos envy. And would die to partner with them. It has already set foot into the gambling world with a licensing deal with JW Marriott Las Vegas Resort & Spa, as well as a number of casinos across the Caribbean.