At the beginning of this year, the whole world had to suffer because of the Covid-19 pandemic. The pandemic has had a dramatic impact on many businesses around the world. Many sectors have suffered heavy economic losses due to the need to comply with social distancing orders to prevent the spread of the disease. And the United States is one of the hardest hit countries, despite having the highest number of infected people in the world.
Like other industries, the sports betting industry in the United States has also undergone significant changes during this unforgettable time.
March and April are always considered a lucrative period for the online sports betting industry in the United States due to the dense schedule of the two most popular sports tournaments in the country, namely the NBA basketball tournament and NFL football. Unfortunately, both tournaments were forced to suspend due to the Covid-19 outbreak.
DAMAGE CAUSED BY CORONA EVIDENCE
A statistic showed that in the United States, the number of bets on online betting sites in March 2020 was only 187.1 million, while in the same period last year this number was $187.1 million, or $372.4 million, a decrease of 58.3%. . (Source: New Jersey Gaming Law Enforcement Division)
On the other hand, during the raging epidemic period, at the end of April, 987 of the 989 casinos in the United States were forced to close, resulting in the unemployment of more than 670,000 casino employees.
ONLINE BETTING FOR THE PURPOSE OF ILLNESS
However, online betting continues thanks to the presence of Esports tournaments, virtual sports matches, simulated matches, etc. And players can still bet on these matches. Also, the number of people participating in sports betting and online casino is increasing day by day. In particular, W88 is one of the leading reputable bookmakers that has seen a surge in the number of punters participating in online betting in Vietnam. Link to W88 at the beginning of this year.
Although sports betting and simulation betting are completely different from regular sports betting, they are legal in over 40 US states.
In summary, sports betting revenues in the United States fell almost 60% in March 2020 compared to March of last year. And while major sports leagues are frozen, online betting is growing in popularity with esports tournaments and simulated matches. Online casinos are also actively attracting many players, especially on mobile platforms such as Mobile W88F88 Mobile…
