A report from Statista said: “There are various forms of legal gambling in the United Kingdom. These can include casinos, betting, lotteries, bingo, scratchcards, online or remote gambling, and more. The industry is regulated by the Gambling Commission GC, which represents the government’s Department for Digital, Culture, Media, and Sport DCMS. In 2020, the gross gambling yield GGY in Great Britain was 5.89 billion British pounds, down from the previous year’s GGY of 14.12 billion pounds. This drop can be attributed to the coronavirus pandemic which drastically impacted the gambling industry due to the closure of brick-and-mortar establishments and the pausing of major sports leagues.” Active companies in the markets today include Esports Technologies NASDAQ: EBIT, Las Vegas Sands Corp.
The COVID-19 pandemic has turned the entire world upside down, and the gambling industry is no exception. Financial information is starting to trickle in that will give us a clearer snapshot of just how massive of an impact the pandemic had on the industry – although it can be tricky to determine whether this data is primarily influenced by a once-in-a-lifetime epidemic or if it’s indicative of broader trends in the way the public prefers to gamble. You will soon know whether these can be trusted by the fact that you keep winning or losing most of the time. But he fears that will be almost impossible for a new generation of gambling addicts in New Jersey, who can now place bets on their cellphones.
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