Nomura economist Lu Ting thinks poor economic data and social unrest will prompt Beijing to start a real opening as soon as March 2023, although he warned policymakers might still think differently when being faced with rising COVID case counts.
Helping to grow revenue (and ad dollars) is the continued legalization of sportsbooks by states. Last month Massachusetts became the 36th state to legalize sports betting (Washington D.C. has also legalized it). Massachusetts joins Maine, Ohio, Nebraska, Kansas and Florida as states that have legalized gambling but has yet to enact any regulations.
Reputation: 4.6/5
But the gap in the law raises more questions for commissioners that need to be answered before they can start awarding licenses and letting people place bets.
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Those figures are for online casino games only, and do not include sports betting revenue, which is reported separately.
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Sports betting is not for everyone, because an addiction can be serious and the financial risks severe. But it is clearly a burgeoning industry, as 21 states now offer it online and several more have passed bills legalizing it. Here is the lowdown on every app that is available in at least 10 states, examining their bet offerings, aesthetic appeal and other factors.
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