I think it is safe to state, that most people and industries around the world have been quite significantly affected by the recent COVID-19 pandemic and sports data and betting companies are definitely no exception. The betting industry has taken quite a serious hit with most sporting events and tournaments all around the world being either postponed or completely cancelled, there’s not much left to offer to punters, not only that – a significant portion of punters no longer has a stable source of income or their income is reduced, leaving them no spare money for their sports betting hobby. Sadly, some betting companies were not able to find a way out of this, yet others, top Nigerian betting sites were especially creative here, found new ways to attract clients and generate revenue.
It is certainly worth to mention, that any crisis is usually a good platform for growth and this can be clearly seen with e-sports at the moment. While most sports are having a hard time, e-sports brings more money than ever – even previously less popular or completely non-existent e-sports disciplines like FIFA, NBA and even Nascar simulator are now having the time of their life. An interesting case can be seen with how an e-sports substitute was found for tennis – it normally drives a lot of revenue for bookmakers due to being fast paced and having a large number of “bettable” segments, yet at first glance there’s just no good modern tennis simulator, which can be used for betting. An unusual solution was found to fill the void left by tennis and it is GTA 5 – GTA 5 has a tennis mini-game, which utilizes GTA’s realistic game physics and game engine, turning it into a proper tennis simulator, add some VR into the mix and you will get a decent betting product.
Now this is just one example of how something new and profitable emerged from what initially appeared as dead end for most and likely there is still a lot more to discover as time goes on, since even when everything is over, things will likely not be exactly the same as they were before.
As our favorite sport events and games got postponed/cancelled, it was
inevitable that the Novel Coronavirus would put its dark hands across the
gambling industry. The subsequent impact has been huge and disturbed many
people.
Yet, not everyone in the gambling industry has been affected negatively. Some might even call this pandemic a “blessing in disguise”.
Due to the virus, many gamblers are switching from their local land casinos to online casinos. With fantastic interactive slots, live casinos and a wonderful community, players can literary gain all the real-life casino experience from the comforts of their own home.
Many experts predict that the online gambling industry, that is valued at $48.5 billion, could increase substantially over these few months.
Furthermore, Canada online casinos are preparing to see an increase from 18.6 million gamblers to well above 20 million. In order to make the new customers feel welcome, many casinos are starting to accept cryptocurrencies as a form of payment.
We urge everyone to stay safe and healthy during such dire times.
