The gambling industry worldwide has been scrambling to adapt to the new situation where all of the scheduled live sporting events that were supposed to be happening are postponed or canceled. Many businesses have been trying their best to cut their costs as a way to stay afloat, while also keeping all of their customers entertained as the sporting world is at a standstill.
While the sports-betting industry was set to skyrocket in the United States this year, thanks to the overturning of the federal band against sports betting 18 months ago, that doesn’t seem to be the case right now. While many gambling companies were rushing to capitalize on the new openings within the betting industry, now they’ve been scrambling to lower their costs.
Many of the major sporting events around the country have been canceled, including the most popular one when it came to sports betting – college basketball’s March Madness. Meanwhile, many other events, like the NHL, the MLB and the NBA have been put on hold. Even one of the biggest sporting events in the world, the Olympic Games, has been postponed until next year.
Many U.S. states were expected to start up their online betting services this year, which meant that sports betting was set to become a much bigger industry in the country. Unfortunately, with the current climate, states won’t be focusing on much else aside from this pandemic, which means that starting up online betting in other states is coming to a standstill for the time being.
Moving Events Online
While many gambling companies don’t have any customers right now, due to the lockdowns that are happening in many states, the online gaming providers are already seeing an increase in popularity. More and more people are connecting to the daily fantasy sports companies to bet on other events that have started to pop up, including options such as TV shows and even politics.
Gambling companies have started offering their customers brand new events to bet on, including Democratic primaries and debates, and they are ramping up their coverage on political events and news stories.
Breaking New Grounds
All of the gambling companies around the country are looking for new ways to stay relevant with their loyal customers, despite the current bleak outlook on the future. Fortunately, for those who are not looking to put all of their focus on politics or current events, when it comes to entertainment, various e-sports games are still taking place, which means that gambling companies should be putting their efforts into that department.
The e-sports industry has plenty of fans all around the world, who are supporting their teams’ games in the safety of their homes. Furthermore, as soon as the e-sports leagues begin, more and more people will be looking to bet on their favorite team or favorite player – and the best thing about it is that it’s all going to take place while people follow local government’s advice to stay in their home.