NEW YORK, March 22, 2021 /PRNewswire/ — The popularity of online gambling is growing rapidly across the United States, in large part thanks to pandemic and its repercussions and the more favorable laws implemented in some states. In states where online gambling was legalized, strong sales have been recorded. For example, online gambling and online sports betting brought in USD 42.7 Million in gross receipts during the first 10 days of legal play in Michigan, state regulators announced Wednesday. Richard Kalm, Executive Director of the Gaming Control Board, explained, according to a report by the Detroit Free Press, that “internet gaming operators are off to a good start in Michigan… The taxes and payments from online gaming will provide funding for K-12 students, the city of Detroit and Michigan tribal communities.” Trident Acquisitions Corp. (NASDAQ: TDAC), Bally’s Corporation (NYSE: BALY), Churchill Downs Incorporated (NASDAQ: CHDN), DraftKings Inc. (NASDAQ: DKNG), Everi Holdings Inc. (NYSE: EVRI).
A major portion of the online gambling industry is focused on online sports betting. The more favorable legal market has resulted in various partnerships that were previously impossible. For example, just last week, Dish Network had partnered with DraftKings to let TV subscribers see sports-wagering odds and fantasy contests while they watch live games. In addition, in some cases, subscribers will also be able to initiate actual bets. “Our deal with Dish TV and the…
