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A Swell of Support Helps Expand the Online Betting Industry

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A Swell of Support Helps Expand the Online Betting Industry
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The sports betting market continues to gain popularity among people of all generations, especially as online betting is gradually becoming more mainstream. To illustrate the importance of this segment, data provided by a Zion Market Research report indicates that sports betting holds about 70% of the global gambling revenue, which is more than any other sectors, including those of lotteries, casinos, and poker, among other forms of gambling. As for which sports are the most popular, various games around the world are common among the sport betters, but European football attracts the greatest betting revenue, and is then closely followed by baseball. Of course, it has to be noted that numerous technological developments have helped propel the market to new highs. The stronger presence of online betting has completely transformed the process of sports betting, making it easier, faster and more convenient to place bets. On the other hand, the strict regulations by various governments are still an obstacle for the online market. Nevertheless, according to the report, the global sports betting market was valued at around USD 104.31 Billion in 2017 and is expected to reach approximately USD 155.49 Billion by 2024 while growing at a healthy CAGR of 8.83% between 2018 to 2024. FansUnite Entertainment Inc. (CSE: FANS), GAN Limited (NASDAQ: GAN), Boyd Gaming Corporation (NYSE: BYD), International Game Technology PLC (NYSE: IGT), Scientific Games Corporation (NASDAQ: SGMS)

Despite legal restrictions, regionally and country wise, in 2018 the market had already produced more than USD 48.9 Billion in worldwide revenue and is projected to expand past USD 134.5 Billion by 2027, according to data provided by Transparency Market Research. After the landmark Supreme Court ruling in 2018, in which the court struck down the ban on sports betting, all states got the option to pursue legalization. The state of New Jersey was the first to make sports betting legal. Other states followed, but California remains a legal battle ground for this gambling segment. However, a change might be possible this November. State Senator Bill Dodd (D-Napa) and Assembly Member Adam Gray (D-Merced) have been working on an amendment to the state’s constitution that will go on the ballot in November, if it can get through both houses. “I think the leagues themselves are really the experts when it comes to keeping integrity of the games,” Assembly Member Gray explained in a report by NBC Sports Bay Area. “Obviously, in our proposal we’ve banned any high school sports betting and as we put the finishing details on this over the next few weeks it’s going to be important that those leagues engage with us on those final details to make sure that we have the highest quality product with the highest quality standards. And although they have been a little timid, I know that many out there in the sports world know that the future of the sports economy could be integrally tied to the success of sports wagering, fantasy sports and other activities.

FansUnite Entertainment Inc. (CSE: FANS) and Askott Entertainment Inc. just announced breaking news that two companies, “have entered into a definitive amalgamation agreement (the “Agreement”) to create one of Canada’s leading online gaming companies, focused on sports betting, esports wagering and casino games. Under the terms of the Agreement, FansUnite will acquire all of the outstanding securities of Askott by way of a three-cornered amalgamation (the “Transaction”) pursuant to which Askott and a newly incorporated subsidiary of FansUnite will amalgamate under the Business Corporations Act (British Columbia) and continue as one corporation.

Combined Company Highlights

Expanded Consumer Base. The combined FansUnite and Askott will have four live business-to-consumer (“B2C”) platforms that have generated over CDN$350 million in wagers since inception and will have over 300,000 registered members;
Expanded Business Base. FansUnite and Askott will have four executed business-to-business (“B2B”) contracts, two of which are currently live and generating revenue with leading esports companies;
Expanded Betting Offerings. Two esports themed casino games which will be released on multiple casino games aggregators platforms this year with more games currently in development;
Increased Gaming Licenses: Applications have been completed for gaming licenses for B2C and B2B;
Established History of Operations: Askott has been in business since 2013, working closely with tier 1 partners around the world; and
Highly Accomplished and Experienced Team: The completion of the Transaction will add a team with decades of experience in esports, sports betting, casino, poker, licensing, government relationships and transactions to develop shareholder value.
According to a recent report by Grandview Research1, the global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027.

‘As the online gambling market continues to grow, the amalgamation with Askott is a significant milestone and transforms us into one of Canada’s premier iGaming companies,’ said Darius Eghdami, CEO of FansUnite Entertainment. ‘Combining with Askott provides us with a fully integrated gaming asset that offers multiple B2C platforms for users in a variety of betting offerings, B2B technology that can be licensed to all types of sportsbooks, and a seasoned team of executives that have led and grown multiple organizations on a global scale. This combination creates a leading online igaming company, and positions us strongly for significant growth with new offerings and market opportunities.’

‘We are recognized globally as a leader and pioneer in esports betting technology,’ said Scott Burton, CEO of Askott Entertainment. ‘As an early entrant in the sector we have already had a number of milestones, including, the launch of the first ever daily fantasy site dedicated to esports, the first esports betting site to receive an Isle of Man license gaming license in 2017 and more recently being shortlisted by EGR Magazine for the Esports Betting Supplier of the Year Award. This year, part of our growth strategy was to round out our offering with traditional sports and casinos to make us a complete iGaming solution. Merging with FansUnite accelerates our growth strategy and will bring us the scale and offerings to make our combined group the leading iGaming entity in the Canadian public markets.’…

 

GAN Limited (NASDAQ: GAN) is a business-to-business supplier of internet gambling software-as-a-service solutions to the U.S. land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based U.S. casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. Recently GAN had announced that Cordish Gaming Group, the global gaming division of The Cordish Companies, has engaged GAN as their enterprise software Platform provider to power their new “PlayLive!” branded Internet gambling business in the State of Pennsylvania, complementing the development of two new Live!-branded gaming facilities in Philadelphia and Pittsburgh.

Boyd Gaming Corporation (NYSE: BYD) and FanDuel Group recently announced the debut of FanDuel Sportsbooks at four Boyd Gaming properties: Blue Chip Casino Hotel and Spa in Michigan City, Indiana; Diamond Jo Casino in Dubuque, Iowa; Diamond Jo Casino in Northwood, Iowa; and Belterra Casino Resort in Florence, Indiana. “Together, Boyd Gaming and FanDuel Group continue to successfully capitalize on the historic opportunity afforded by the legalization and expansion of sports betting in new states across the country,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming. “The FanDuel Sportsbook is off to a great start in Pennsylvania, contributing to solid growth in visitation and profitability at our Valley Forge Casino Resort near Philadelphia. We are confident our partners at FanDuel will deliver excellent results in Iowa and Indiana as well, further expanding Boyd Gaming’s customer base and enhancing our long-term competitive appeal.”

International Game Technology PLC (NYSE: IGT) announced earlier this month that its PlaySports platform will power retail and mobile sports betting at Wild Card Saloon and Sasquatch Casino in Black Hawk, Colo. Owned and operated by privately held gaming company, Ed & Shirley’s Inc., both casinos will leverage IGT PlaySports kiosks, platform and mobile technologies to give their patrons choice and convenience for how, when and where they place sports bets. “Offering omni-channel sports betting via the IGT PlaySports solution will introduce an exciting new dimension of gaming to Wild Card Saloon and Sasquatch Casino that sports fans throughout Colorado are ready to embrace,” said Ed Smith, Ed & Shirley’s Inc. President.

“We’ve leveraged IGT’s expertise and trusted technology to create a sports betting program that gives players choice and convenience for wagering on their favorite teams.”

Scientific Games Corporation (NASDAQ: SGMS) announced earlier in March that it had partnered with Vaix.ai to offer sports bettors personalized recommendations and tailored betting choices through the OpenMarket™ branch of the OpenSports™ product suite. Vaix.ai will offer an Artificial Intelligence (AI) model through OpenSports that enhances the sports betting experience. By providing sports, league, team, event, and market recommendations to bettors in real-time, the companies aim to further personalize sports betting through Scientific Games’ OpenMarket solution. OpenMarket is the industry’s first one-stop content marketplace, giving Scientific Games’ partners access to top-tier sports betting intelligence, data feeds and tools without the need for complex integrations and financial agreements.

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The Evolution of Online Gambling in the US

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Online casino gaming in the US has faced several highs and lows over the years. The most notable of these was the ban on real money online gambling activities for North American gamblers. Although the ban did not restrict bettors from indulging, local online operators found it difficult to continue offering their services.

Since 2018 and also due to the global pandemic, things have started to change for the better. That’s because more states are choosing to adopt online gambling practices.

Part of this change of regulations is that the US government noted it was making revenue losses every year because bettors use their money on overseas platforms outside North America. For instance, an estimated $150 billion goes to overseas operators yearly for online sports bets.

Free Play Online Slots Remained Accessible

During the gambling ban, US casino gamers still got to enjoy free slot releases. These were allowed even on local operators’ sites since no money exchanges occurred. The free options are still available on various sites, even with real money games now legal.

It’s something that even overseas operators have for their most popular slot releases. Thanks to the availability of these free slot games, players still got to indulge in some casino gaming activities.

With online casino gaming legalized in most states now, players can use the skills they learned from free gaming. That’s because they know which games offer the kind of gaming experience they seek.

Whether it’s big or frequent payouts, the free games give a glimpse into how a real gaming session could turn out. Free games also show you how the bonus features in various releases get triggered and the increased payouts to expect.

Free Slots on Sweepstake Sites

More sites that US gamers have enjoyed free slots are on sweepstakes casinos. These are platforms similar to online casinos. The difference is that they’re able to offer games to players across North America.

That’s because they run under US sweepstake laws where transactions aren’t necessary to play games. Instead, you use a type of in-game currency to bet on games.

Another notable difference on sweepstake casinos is that the games aren’t the assortment you’d find from known developers. These are different titles that offer the same thrills regardless. So, while at sweepstake casinos, don’t look for mainstream branded games. There aren’t any.

The Success of Free Slot Casinos

Regardless of the online gaming ban in the US, software developers and operators continued to enjoy profits. By offering free slots games, they were able to stay relevant in most gamers’ minds. So, whenever players found a real-money platform, these were the same releases they turned to. That’s because they had an idea of what to expect with those slot titles.

Adoption Of Online Live Casino Games

Another online gaming option that US residents have started enjoying is live casino games. Also called live dealer games, these are live-streamed versions of casino table and card games.

You get to interact with a dealer and any other players at the same gaming table. This offers an experience similar to being at a casino floor table, which due to the pandemic, most people can no longer enjoy.

Thanks to software developers like Ezugi and Evolution Gaming, players get the social element that virtual table games don’t offer. To play these games, the developers stream a live dealer at a table from their gaming studios.

The players then interact with the dealer through an in-game chat feature or a device microphone if they have one. Some game versions available with this option include Blackjack, Roulette, Poker, Sic Bo, Baccarat, and Craps.

States Where Online Gambling Activities Are Allowed

Online gaming activities are accepted based on the state players access the sites from. Below are some of the platforms where US gamblers can enjoy online gambling. We’ve also listed which activity each state accepts as legal.

  • Delaware – Online casino gaming, Online Poker
  • Michigan – Online sports betting, Online casino gaming, Online Poker
  • New Jersey – Online sports betting, Online casino gaming, Online Poker
  • Pennsylvania – Online sports betting, Online casino gaming, Online Poker
  • Iowa – Online sports betting
  • West Virginia – Online casino gaming, Online Poker
  • Nevada – Online Poker
  • Indiana – Online sports betting
  • Tennessee – Online sports betting
  • Illinois – Online sports betting
  • Colorado – Online sports betting
  • Virginia – Online sports betting, Online casino gaming, Online Poker

Mobile Betting Sites for US Players

Beyond allowing players to enjoy real money games online, some states have started accepting mobile betting options as well. As such, US-based players in select states can access online gambling sites through their smartphones and tablets.

That’s either through the operator’s native apps or through the mobile-optimized version of the chosen casino site. The same goes for online sports betting activities.

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Getting extra income with online activities

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Nowadays, one of the most important problems people must deal with around the world is the economic scenery. The bills, the price of food, supermarket, clothes, education or health costs are increased constantly. It means that living is getting more and more expensive. 

source: unsplash.com

Many times it is necessary to look for alternative ways to get enough money. Considering that situation, have you ever thought about getting extra income using the internet to do some activities?

First of all, it’s interesting to remember some advantages to using the internet! Let’s check it:

  • Practicality: solve problem from home is very practice;
  • Efficiency: the digital way is very efficient and without human error;
  • Speed: using the internet to solve problem is faster than go to physical establishment;
  • Costs:if you use the internet for any transactions, you pay less tax.

The internet is present in our lives every day offering many opportunities, we just need to enjoy its good points.

 

How can I get money on the internet?

In addition to your current occupation, you can use the possibilities of the internet to get an extra income! Maybe you are asking yourself how you can do it. But don’t worry, just still reading to check some examples.

 

Simple job

There are platforms online that propose some paid simple jobs. You can sign up and receive tasks according to your profile information. Many companies need you to add content and quality in their daily service, constantly improving. The voice and opinion from customers are essentially. You could be one of these people, what do you think about it?

Usually these tasks designated on platforms are very simple like making a review or answering questions for a market research content from a point of view from the public.

 

Investments

Another good idea is using the internet to make an investment. You can invest in the cryptocurrency market, for example. This is totally legal. Cryptocurrency is a revolutionary way to make financial transactions because of its security, confidence and efficiency.

You can invest in cryptocurrency and even get daily earnings! To get it you should pay attention to the actions of other investors and the market scenario, so you can make a security decision. 

If you save time to learn about these investment modality you will find many great possibilities and could enjoy it.

 

Play games

What do you think about earning money while you play games and have fun? You would like to know that it’s possible! There are some apps and platforms that make you feel in a real casino, for example. One of these excellent platforms is PlayAmo

Using it you can get money playing one of their big variety of games. It’s possible to choose the one you prefer according to what you like, you will have many secure methods of payment options and you could receive bonuses to start an action!

 

Benefits of digital era

The digital era represents a big and revolutionary step in our life. Since we can make anything using a computer or a mobile, we have a unique conception about how we can handle problems. 

It’s possible to solve many things junt using the internet to improve our daily activities: pay a bill, make a market, order food, watch a movie and take a long talk with someone who is far from you. In addition to all of these, you can also earn money!

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SIS unveils revamped 49’s offering

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SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, has gone live with its newly enhanced 49’s offering – a wide range of numbers betting and virtual racing products that will drive profitability for online and retail operators worldwide.

After acquiring the full shareholding of the 49’s business last year, SIS has significantly invested in the product range to broaden its appeal and deliver new draws for bettors to experience.

The established twice-daily 49’s draw has been rebranded as “The Original Live Draw”, receiving a fresh look while retaining the strong heritage that has made it popular with operators and bettors for over 25 years.

SIS has developed a new high-margin 39’s draw, which takes place every fifteen minutes to provide more frequent betting opportunities. Additional innovative products are set to be launched later this year, including a new quick-fire draw format that will be made available across all hours of the day. The complete 49’s offering is supported with virtual horse and greyhound racing from SIS’s well-known and popular tracks, as well as the Irish Lotto Bet product that allows players to place a bet on the outcome of the Irish National Lottery.

The company has invested in a new web platform for 49s.co.uk. With a mobile first approach that also reflects the updated brand proposition, there are also more opportunities for affiliates to be integrated within the site.

The new 49’s offering is now available to players via a wide range of SIS’s leading operator partners, including Coral, Ladbrokes, Paddy Power, William Hill, and South African brand Marshalls World of Sport.

Jess Mills, Head of Product Proposition at SIS, said: “When we acquired 49’s it was always our intention to evolve the product offering to optimise the betting experience. Following months of hard work and working closely with our operator partners, we are proud to unveil the new-look 49’s offering.

“Product innovation is key to evolving 49’s, and while the iconic twice-daily draw remains, we are introducing new draw formats that will complement the offering and deliver greater betting opportunities.”

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