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Tuesday, December 6, 2022

Three Ways To Win The Online Gambling Industry | Entrepreneur

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It is noteworthy that the online gaming sector will be the tenth-hottest sector in the US in 2022.

As of late November, this industry was only worth about $11 billion, but it was expanding quickly and was up 45% year over year. For at least the next five years, the sector is anticipated to grow at a high-double-digit CAGR thanks to rising legalization and greater penetration in both old and new regions. For investors in the United States, Flutter Entertainment (OTCMKTS: PDYPY) is the biggest online gambling operator. This UK-based business, which controls more than 42% of the US market share, has operations in North America (Fanduel), the UK, Australia, and other countries as permitted. Being an integrated operator, the business offers gaming platforms for both internal operations and B2B services. Another integrated operator with a focus on North America is Draftkings (NASDAQ: DKNG). In the US, Draftkings has the second-largest market share and is steadily overtaking its bigger rival. MGM Resorts (NYSE: MGM) has entered the fray by launching BetMGM, its own online gaming platform. Together with its somewhat bigger competition Draftkings, the platform holds a combined 39% of the US market, placing it third overall.

Source:https://www.entrepreneur.com/finance/three-ways-to-win-the-online-gambling-industry/439641

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