Trending UP^: Online Sports Betting in the USA

[Graybeard]

The US Federal laws were recently changed in 2018 to allow online sports betting intrastate.

Supreme Court allows states to legalize sports betting, opening floodgates for online gambling profits | TechCrunch

Whoever had the over on DraftKings' boss Jason Robins and FanDuel chief executive Matt King being given a potential billion-dollar windfall by the Supreme

techcrunch.com

Currently, gambling is only legal intrastate (within the state) by a myriad of state licensing laws.

>>>The global sports betting industry has been characterized over the past five years by equal parts growth and consolidation. The revenue of the top five companies have tripled, driven by 70% growth in industry revenue and an 80% increase in concentration, or those five firms buying smaller rivals. Just last week, Barstool Sports backer Penn National Gaming Inc. agreed to buy Score Media & Gaming Inc. for about $1.74 billion. This week, DraftKings Inc. agreed to buy Golden Nugget Online Gaming Inc. for about $1.56 billion. How long will this trend continue, and where will it lead?<<<

Sports Betting Is in the Midst of Another Seismic Shift

A wave of consolidation is changing the business in ways not seen since the mob dominated it in the 1940s and 1950s.

www.bloomberg.com

>>>Genius Sports Gets Green Light to Launch as Service Provider

Genius Sports has become one of the latest entities to obtain a license in Wyoming’s quickly developing sports gambling landscape. The company confirmed late on Wednesday that it had been given a long-term Online Sports Wagering Vendor Permit, issued by the Wyoming Gaming Commission.

With this, Genius Sports is now authorized to run operations in 15 states in the US. Commenting on these developments,<<<

Wyoming Approves BetMGM, DraftKings, Genius Sports for Launch

DraftKings, BetMGM and Genius Sports are launching in Wyoming as the state becomes the 23rd jurisdiction in the US to allow sports gambling.

www.gamblingnews.com

I have standing limit order in to buy stock in these two 'trending' companies --they do not have affiliate programs (currently).

Attached is a list of stock exchange companies in the sports and casino betting/gambling industry, online and offline.

 

[T J Tutor]

Have you promoted any gaming related offers yet?

 

[Graybeard]

Nope, but I bought stock in ELYS and GENI this week (at sharp discount) they are the mother ships of sports gaming

09:12 AM EDT, 09/09/2021 (MT Newswires) -- Genius Sports (GENI.NaE) has signed a long-term agreement to provide official data and facilitate fan engagement for Penn Interactive's Barstool Sportsbook.

Genius Sports (GENI.NaE) will provide Barstool Sportsbook with access to select official sports data from the US and international sports leagues, the companies said in joint statement on Thursday.

Up 14% -21% in one day

Still looking for the right deal for CPA

 

[Graybeard]

Online sports betting has very good prospects in the USA. I'll have to keep looking

Sports Betting ETFs Set to Soar on NFL Wagers

PlayUSA projects that players could legally wager over $20 billion on NFL and college football-related bets this season, nearly tripling the $7.5 billion wagered in 2020.

news.yahoo.com

 

[T J Tutor]

This country sure likes gambling.

 

[Graybeard]

This ad seen is very new look at the upvotes in reddit --- most ads are 0.
A lot of enthusiasm/interest ...

 

[Graybeard]

US Sports Betting is legal on a federal level but is administered by the individual state's gambling laws. So it's really a Hodge-bodge mess.
Each server taking bets must be located in that state where is it licensed, affiliates also need to buy and renew an operators license for each state.

I studied it and decided better to be an overlord and own stock in the main online operators that contract with the casinos:

So, I created a ETF-Fund of my own to study the proposition.
Composition US stock exchange
US and UK companies

Last year the NFL fees for US Football really hurt the profits of the key operators. Most of these stocks are worth less than they were 1 year to 6 months ago, some like GENI -80% (I own that one and am a bag-holder [for now?]). I think the spikes are just risk taking in prices that are so far down.

**added Nothing good to report this morning CPI came out a continuing disaster

So far there is no identifiable trends here. As an affiliate you will be competing with some really big players like DraftKings and MGM Casinos that are big internet advertisers. Good luck to the winners

 

[BuckIranl]

It's great to see that online sports betting is trending up in the USA. The change in federal laws in 2018 has made it much easier for people to enjoy sports betting from the comfort of their own homes.
If you're looking for a reliable and user-friendly online sports betting platform. They offer a wide range of sports to bet on, including football, basketball, and baseball, as well as competitive odds and helpful resources for beginners.

 

[Graybeard]

You also need to buy an license (and renew it each year) in every state you want to offer on line betting (even as an affiliate) for US Licensed casinos and sports books.

Technically, off-shore gambling sites are not allowed legally. So, offshore operators want to use cryptocurrency for reason that credit card deposits can be charged back and there is nothing a casino or sport-book can do to contest the chargebacks --they are illegal businesses.