NEW YORK, Nov. 24, 2021 /PRNewswire/ — Sports betting has become increasingly popular across the United States after several legal victories in recent years. Now, large corporations are turnings their gaze to this potentially highly profitable market. For instance, it was reported just this week that Walt Disney will expand into sports betting through ESPN. “We’re also moving towards a greater presence in online sports betting, and given our reach and scale, we have the potential to partner with third-parties in this space in a very meaningful way,” explained Bob Chapek, the CEO of Walt Disney according to a report by Forbes. “We do believe that sports betting is a very significant opportunity for the company, and it’s all driven by the consumer.” FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS), DraftKings Inc. (NASDAQ: DKNG ), GAN Limited (NASDAQ: GAN ), Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG ), Rush Street Interactive, Inc. (NYSE: RSI )
The U.S sports betting market continues to grow at a rapid pace in large part thanks to a friendlier legal infrastructure that is still developing. The new wave of states passing friendlier legislation towards sports betting is the direct result of the U.S. Supreme Court decision to overturn PASPA (Professional and Amateur Sports Protection Act) of 1992 back in May 2018. In addition, due to the pandemic, this market has attracted further attention, as online gambling started to rise in popularity. Now, the sports betting segment is a major segment in that industry. And, according to data provided by Zion Market Research, the sports betting market gathered revenues of about USD 131.1 Billion during 2020 and is slated to earn revenue of approximately USD 179.3 Billion during 2028.
FansUnite Entertainment Inc. (OTCQX: FUNFF ) (CSE: FANS) announced yesterday breaking news regarding, “a definitive agreement dated November 22, 2021 (the “Definitive Agreement”) pursuant to which the Company has acquired (“Transaction”) the businesses and brands of American Affiliate LLC (“American Affiliate”). The Transaction will result in FansUnite securing a podium position in the U.S. online betting opportunity and will be the cornerstone of a larger U.S. affiliate […]
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