Sports Bettors Changing Look of Landscape by the Day
The sports betting industry was one of the fastest-growing industries in the United States up until mid-March of this year. The coronavirus pandemic quickly shut down live sports in the United States, leaving sportsbooks searching for games to offer.
Since the US Supreme Court lifted the federal ban on sports betting in May 2018, states were working quickly to legalize sports betting, and come up with laws to regulate the industry. Sports betting companies from all over the world were flooding into the United States, looking for a way to capitalize on the growth.
There was more than $15 billion wagered at sportsbooks in the United States in 2019, and many expected that number to be smashed in 2020. The coronavirus pandemic might have shut that growth down temporarily, but sportsbooks and experts expect a major resurgence when sports return.
To read the whole article, visit US Betting Report.