FinancialBuzz.com News Commentary
NEW YORK, Jan. 14, 2022 /PRNewswire/ — Sports betting is an industry that is growing rapidly in popularity across the United States. Overall, the country’s legal infrastructure is becoming more and more friendly towards sports betting services. Furthermore, the potentially giant market of New York State has joined the game late last week. As expected, the launch of sports betting services in New York broke all previous records. According to a report by wagers.com, data from GeoComply showed that betting volumes on Day One in New York have eclipsed those from the next biggest state of Pennsylvania. During the first weekend of operations, New York saw 5.8 million bets hit between 9am-9pm on Saturday versus 2.3 million in Pennsylvania and 2.1 million in New Jersey. Volume over the weekend totaled 17.2 million with 8 million coming from NYC’s five boroughs alone. FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS), DraftKings Inc. (NASDAQ: DKNG), Rush Street Interactive, Inc. (NYSE: RSI), Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG), MGM Resorts International (NYSE: MGM)
As the sports betting market continues to grow in the United States, more and more companies are transitioning from the traditional gambling & casino business model to one that includes sports betting. As the result, investors from countries where sports betting is already a mature industry are getting more interested in the future prospects the U.S. has to offer….
