At least one large bookmaker will go bankrupt as a result of the gambling boom in the United States

At least one large bookmaker will go bankrupt as a result of the gambling boom in the United States

There will be insufficient market space for everyone.

The gambling business in the United States is expanding at a breakneck pace, with sports betting becoming legal state after state.
According to Bloomberg, Americans delivered $ 7 billion in October 2021, which is 20 times higher than in June 2018.

Gambling corporations spend hundreds of millions of dollars on marketing to get clients, while smaller gambling enterprises struggle to compete with the industry’s behemoths.
According to experts, at least one well-known American bookmaker (BetMGM, Penn National Gaming, PointsBet, Wynn, or perhaps Caesars) will go bankrupt or be acquired by one of the industry giants – FanDuel or DraftKings.

Source – CNBC

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