Research Brief: State Legislative Update on U.S. Sports Betting & Online Gaming April 2020
Over the course of the last month, the sports world has largely gone silent around the globe. Since the coronavirus (COVID-19) outbreak began in China, it has swept its way around the world and has ended most of the sporting events that we have enjoyed. Sports has and always will be something that unites us. With the most recent announcements, including the postponement of the Masters which should be taking place later this week (moved to November), the cancelling of the British Open, and uncertainty of every professional and amateur event, it has forced sports book operators to become creative in pulling sports from across the globe to provide some level of content to eager viewers.
The numbers for February will likely be a strong benchmark that, like most gaming revenue, will not be seen for some time across most jurisdictions. Mobile gaming markets will likely make the quickest comeback once sports begin to return, as some polling has shown that social distancing will continue once things begin to return to a level of normalcy. This shows that mobile wagering is a driver not only before the Great Shutdown but post-coronavirus to allow operators and patrons to enjoy sports in their own way, whether that be at an arena or venue, at a sports book, at a neighborhood bar & grill, or at home.View Full Article