Rise of Esports Gambling Boosts the Value of Owning Gambling Shares
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Rise of esports betting has boosted the value of gambling shares. Competitive video gaming is less affected by COVID-19 lockdown than sports.
The global esports gambling market is expected to hit $200 billion by 2027. Entain's CEO used to play Counter-Strike and her firm recently acquired Seattle-based esports betting platform Unikrn. MGM was refused to buy Entains earlier this year. Other betting operators and various other companies have been looking for opportunities to acquire an esports company or partner with one.
The industry is still on a bit of shaky ground because of its novelty. Some countries are still deciding on the regulations. There are concerns about the COVID quarantine and the future of the industry. However, despite the concerns, there are some serious efforts to expand the market. The rise of esports gambling is good for investors. It increases the value of owning gambling shares. The industry has been booming. Nevada is considering creating an esport regulatory body.
