At the Betting on Sports America – Digital conference a panel of Six CEO’s gathered to look at how the US sports betting industry has developed since the repeal of PASPA.
What is it?
Two years after the repeal of PASPA, how is the sports betting market developing? Should we be wary of huge mobile revenues or recognise that it is how customers want to consume betting? Does over taxation remain a threat?
All of this and more is addressed in the Vision of the future – CEO panel, touching upon free-to-play sports, innovation, 5G, igaming, sports betting and expanding into new markets.
Who is it?
Kip Levin, CEO, FOXBet
Greg Carlin, CEO, Rush Street SS
Adam Greenblatt, CEO, BetMGM
Kristian Nylén, Co-Founder & CEO, Kambi
Dermot Smurfit, CEO, GAN
David Wang, CEO & Founder, Bet.Works
What is being said?
Levin when asked on what role product innovation will play in driving true competition: “I think it’s going to be critical long-term. This is why you see a mix of platform providers on this call along with operators.
“It’s complex right now, a lot of our product investment is in launching new markets today, but if we could choose we would have a lot more invested in core innovation. Once we get through this early wave of rapidly expanding into new markets, then [product innovation] will become critical.
“For example, you had almost every major tech company in the video conferencing space, but then Zoom comes along in this pandemic and they had the best product. You look at what’s happened to that company. The product will ultimately win the day long-term.
“I do think [product innovation] will be core and ultimately the people with the biggest market share 5-10 years from now will be heavily correlated with the companies that have invested the most in their products.”
Why should I watch it?
The CEO’s perspective on one of the fastest growing and rapidly expanding betting market’s in the world’s future.
Where can I see more?
Source: SBC YouTube Channel