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The impact of Covid-19 on the gambling industry


Covid-19 has affected every single industry across the globe in some form or another. When it comes to the gambling world, the cancellation of sporting events across the world obviously had a major initial impact on revenue streams.


However, as sport gradually returned – albeit behind closed doors for the time being at least – so too did an uplift in these markets. This was accelerated by more games and events being broadcast via a wider range of mediums than ever before. A trend which helped to generate a bigger and more captive audience. In addition, firms with a strong offering in areas such as online poker and casino games enjoyed a significant uptick in website traffic, as the boredom of lockdown helped spur new account sign-ups.


It has not been an easy time for the gambling industry and, inevitably, the firms who have a more diverse offering will be the ones who found it easier to navigate the initial lockdown period. There is also a theory that Covid-19 will probably result in a faster rate of US sports betting legalisation, potentially followed by online casino legalisation, and this will be an interesting story to follow in 2021.

This month’s top five gambling-related news and views from around the world


Indian Gambling Companies Want to be Categorised as Esports and Gaming


https://in.ign.com/india/154842/news/indian-gambling-companies-want-to-be-categorised-as-esports-and-gaming


The US is still the land of opportunity thanks to online gaming and sports betting


https://www.gamblinginsider.com/in-depth/10958/lee-richardson-the-us-is-still-the-land-of-opportunity-thanks-to-online-gaming-and-sports-betting


Sports Betting and Casino Prospects in 2021: ‘BJK’ Ready to Shine


https://www.etftrends.com/nasdaq-portfolio-solutions-channel/sports-betting-casino-prospects-bjk-ready-to-shine/


Polish sports betting market sums up 2020: STS named the market leader

German economics group derides country’s online gambling tax plan


https://europeangaming.eu/portal/latest-news/2021/02/08/86215/polish-sports-betting-market-sums-up-2020-sts-named-the-market-leader/


German economics group derides country’s online gambling tax plan


https://calvinayre.com/2021/01/29/business/german-economics-group-derides-countrys-online-gambling-tax-plan/



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