The impact of the COVID-19 pandemic has fast-tracked opportunities for online and mobile betting across the US, as state’s look for new ways to generate lost revenues and reboot their economies.
What is it?
At last week’s Betting on Sports America – Digital conference, as part of the sports betting 101 track, Anna Shahbazyan, of BetConstruct, spoke to delegates about how the enforced land-based closures have turned heads to the growing potential on the online side in the panel COVID-19’s impact on the igaming industry.
Who is it?
Anna Shahbazyan, Regional Director of South America, BetConstruct
What is being said?
“Legislators have seen what is starting to happen in the market and how online betting is starting to grow – they have realised that their legislation will not help to bring new online operators into the market,”
“The big providers, including BetConstruct, are starting to evaluate the new products and the new services. It has given us a new perspective on the market. As a result, we’ve begun looking at iCasino.
“We have developed and implemented our new social casino product, and have already signed a very large agreement with a major operator to provide them with a social casino product which we believe will have all of the local casinos converting their players into the online space.”
“We’re now starting to look at the revenue stream for sports betting, and how the online revenues are starting to grow.
“It seems to be that the land-based market has started to slow during the second wave of the pandemic, as more revenues are generated from the online market. A lot of operators and providers have therefore started to adapt their products to suit the online market.”
Why should I watch it?
To understand how this ‘seismic shift’ towards the online sector presents a huge opportunity for those delivering new and innovative products.
Where can I see more?
Source: SBC YouTube Channel