The big moment, the many anticipations and hopes of wagering and winning big were lost to the coronavirus pandemic this year. That being said, the gambling and sports betting industry were crucially hit while most of the casinos with sports betting options were shut down.
In fact, a report released by the American Gaming Association indicated that out of the 989 casinos in the USA, around 987 casinos were shut down by the end of April 2020 resulting in unpaid furlough for over 650,000 casino employees.
And during this crucial time when the world of sports is in a state of limbo, the USA sports industry, on the whole, is looking to stay afloat by implementing cost-cutting and unpaid furloughs.
In this bid to conserve the sports capital the previously planned product launches during the major sporting events like MLB, March Madness, etc. are being pushed for later dates.
While the USA sports betting after the Coronavirus pandemic remains to be seen, the online sports betting industry is coming up with creative ways of keeping the sports betting enthusiasts entertained.
How the online sports betting industry is responding during this pandemic?
The online sports betting industry is presently relying on online game providers, the daily fantasy sports industry, and also e-sports or video-game simulations. While sports simulation in online gambling comes as a no surprise, gamblers, and gamers are wagering on these simulated sporting events. In fact, new betting pools are being launched at the online casinos with e-sports.
And, although the daily fantasy sport differs from sports betting, it is considered to be legal in more than 40 US states. As opposed to sports betting, which is legal in close to 17 states in the US, players place bets on sportsmen or athletes where their statistics are computed to choose the bet winners.