With almost all the sports leagues of the world postponed or suspended because of Covid-19, the sports betting industry has also been impacted significantly. Sports events make a direct contribution to the betting industry and cancellation of these events has had a major negative impact on the latter’s revenues. However, there are several other ways in which coronavirus is affecting the gambling industry. Let’s learn about some of them below.
It’s been over a week now since the World Health Organization has officially called the 2019 coronavirus or COVID-19 a pandemic. Over a hundred countries are now battling the threat of this virus and many industries are affected because of this.
Sports betting in the United States is becoming more widespread as more and more states are starting to legalize it. The legislation of betting in the US mainly started after the Professional and Amateur Sports Protection Act or PASPA of 1992 was struck down by the Supreme Court of the United States in May 2018.
Almost everyone is now trying to stay at home to practice physical distancing because of the 2019 coronavirus, and because of this, there is a great need for entertaining activities at home. Luckily for us, the internet is a place where you can almost everything and this includes gambling.
Many land casinos all over the world are now forced to stop their operations as an effort of the governments to contain the virus. Because of this, casino and sportsbook operators are turning to their online audiences to remain in business.
The 2019 coronavirus or COVID-19 is now a problem of over 100 countries and most industries worldwide. This virus has now affected over 700,000 people worldwide with more than 30,000 fatalities. China, Italy, and the United States are now the top 3 countries that are hit hard by this pandemic.
Coronavirus has entered all the spheres of society and put a stop to life as we know it. To prevent the further spread of the virus, the majority of states have prohibited mass gatherings. As sports events usually attract thousands of people, they had to be canceled too. Then a complete lockdown followed, forcing land-based gaming establishments to close their doors as well.
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