Outletchristianlouboutin13

Wall Street Investors Wager On Sports Betting Stock’s Growth Potential In 2021

With some form of regulated sports betting now available to half of the nation, 2021 is poised to see the industry further legitimize itself as one of the most financially sound investments of the future.

“Fringe markets have never been more popular,” shared Shadd Dales of the DalesReport.com. “Young investors are turning their genuine interests in the sports betting, psychedelic and cannabis sectors into diverse portfolios.”

Dales and his team have taken a particular interest in the for-mentioned industries and, along with Esports, have aimed to guide investors through the exciting and fast paced world of betting on these emerging industries.

“These industries offer a unique opportunity in that they have long enjoyed a strong underground following long before legality paved the way for corporate groups to get involved.”

Dales further elaborated on the growing popularity of these sectors with a the younger demographic. “Younger investors are somewhat correct in feeling that they hold a slight advantage when it comes to predicting and banking on the future of these markets.”

This edge hinges on the fact that sports betting, much like cannabis and psychedelic products, is already readily accessible regularly practiced.

“Predicting the growth potential for these markets is much easier, largely because these markets already exist in an underground, unregulated form.”

Groups like the American Gaming Association have long reported on the amount of money wagered illegally by Americans on an annual basis, and these projections make it easy to see the revenue potential that already exists in the United States.

With US Sports betting revenue expected to top $800 million this year alone, the sudden arrival of this new Wall Street player is clearly deserving of all of the attention it is receiving. Per the American Gaming Association, Americans wagered $5.95 billion on sports in Q3 alone, combining for $352.3 million in overall revenue.

Estimates already project that this continual expansion could see sports betting revenue top $13 billion by 2025.

A Sure Bet?

What makes sports betting particularly interesting is it’s rapid inclusion into daily media coverage and the rate at which states are approving its expansion.

The gambling gold-rush has seen industry leaders heavily invest marketing dollars to position them with America’s media giants. Network partnerships have leading brands like DraftKings and FanDuel easily visible in most game broadcasts, and announcers are regularly discussing game totals and point spreads.

This sudden acceptance and increased visibility across the nation’s most viewed networks supports the idea that annual sports betting estimates will only increase as the public begin to accept the practice as a leisure activity rather than a back alley dealing between a bookie and shady client.

With half of the country still unable to wager legally, the current market value has no where to go but up as states looking for increased taxable revenue sources pave the way for legislation that approves regulated gaming.

Source Article