The Evolution of Betting
The betting ecosystem was already in a state of high energy due to various factors, the legislative changes in the US, the appetite for deeper engagement and the diversification of revenue streams, this moment of sport hiatus has somehow accelerated further the transformation of the sector.
In an additional transformation, because of the lack of live sports action, esports and virtual gaming has entered the betting space, bringing more opportunities but also a scenario that needs further validation.
Two deals resonated yesterday in this space: DraftKings acquiring Bundesliga betting streaming rights in the US and Nascar signs a wide-ranging betting and virtual sports initiative.
It is clear that we will see a different landscape for sports betting in the coming months with more interactive and creative ways to engage fans.
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