New Yorkers Wager $150 Million During First Weekend of Legal Mobile Sports Betting
Other states are also pushing for the legalization of mobile sports betting
The legalization of mobile sports betting is heating up and already bearing fruit across the North American market. After New York's gaming commission approved four mobile sports wagering operators to start receiving bets on January 8, New Yorkers spent $150 million on mobile sports betting within the first weekend. Of course, that is just a glimpse of the market. The legalization of sports betting in 11 states caused the market to more than double in 2021, with Americans wagering $52.7 billion. Other states are also pushing for the legalization of mobile sports betting. In Missouri, casino operators and six pro sports teams came together to back the legalization of mobile sports wagering across existing gaming locations. The growing legalization efforts across the United States and the rest of the world offers an exciting opportunity to gaming companies like Bragg Gaming Group (NASDAQ:BRAG) (TSX:BRAG),DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN), GAN Limited (NASDAQ:GAN), and International Game Technology PLC (NYSE:IGT).
Vertically integrated global B2B gaming and technology company Bragg Gaming Group (NASDAQ:BRAG) (TSX:BRAG) has continued to expand its reach in North America and across the world, directly impacting the company's bottom line. On February 8, Bragg announced multi-year growth in its business thanks to the success of its ongoing content expansion and new market strategy.
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iGaming News • NY • USA • North America