• Sports Betting Industry Analysis
• Sports Betting Industry Revenue
• Sports Betting Industry Value
• Sports Betting Industry Future

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Feb. 3, 2021 /PRNewswire/ -- Last year saw online betting break into the mainstream in a big way, and nowhere was that more apparent than in the largest growth segment of the sports entertainment industry, esports. As gamblers shift spend away from traditional betting due to the impact of the pandemic on live sports, esports betting is becoming a massive industry that is showing no signs of slowing. In 2020, esports betting websites were expected to rake in an estimated $1.80 billion, a fraction of the $443 billion that the global gambling industry was estimated to be worth in 2020, leaving plenty of room for growth in the esports market. Heading into 2021, the industry is full of developments for companies like Real Luck Group Ltd, 'Luckbox' (TSXV:LUCK), FansUnite Entertainment (OTCQB:FUNFF) (CSE:FANS), DraftKings (NASDAQ:DKNG), Golden Nugget Online Gaming (NASDAQ:GNOG), and Skillz (NASDAQ:SKLZ).

Luckbox is Building the Esports Industry's Most Comprehensive Betting Platform

1. Global Sports Betting & Lotteries industry trends (2014-2019) Operators in the Sunglasses Stores industry have faced a challenging market over the past five years, as declining discretionary incomes and fierce competition have placed significant pressure on revenue.
2. Jul 18, 2016 The Sports Betting Industry Sports betting is a thriving underground business. A recent example of this is Super Bowl 50, which is estimated to have fetched a record-breaking $4.1 billion in illegal bets. Only an additional $100 million of bets, or 3% of the total, were made legally.

Among the most promising and innovative of the companies stepping up for a new era in sports betting is Real Luck Group Ltd, 'Luckbox' (TSXV:LUCK), a fully licensed global esports betting brand, offering legal real-money betting pre-match and mid-game, along with live streams and stats for every match on desktop and mobile. Luckbox was named a Rising Star at the 2020 EGR Operator Awards.

'I think another indication of esports' shift into the mainstream was our EGR Award in November,' Luckbox CEO Quentin Martin said in a recent release. 'The EGR Operator Awards are the Oscars of the betting industry and for us, an esports-dedicated platform, to be named Rising Star shows that the egaming world is taking esports seriously and accepts it is very much a vertical to watch.'

The betting markets in some sports, undeniably, are more lucrative than others, and below is a list of some of the biggest ones. Statistics show that football accounts for up to 65 -70 percent of all the money generated in the sports betting industry, which is worth billions of dollars. These approximations come from Sportsdar, a. The sports betting segment dominated the market in 2019 owing to the growing use of digital platforms across the world. Moreover, the rising disposable income in Asia Pacific has resulted.

Luckbox's platform offers the most comprehensive esports betting and spectating experience in the industry. The platform features 13 of the biggest titles in the competitive gaming scene today, including League of Legends, CS:GO, FIFA, Overwatch, and DOTA 2. Luckbox has separated itself from its competitors by offering more match coverage than just about any other platform live in more than 80 countries. Luckbox lets users make bets pre-match and during the action, with more than 20 payment options, including Visa, Mastercard, Trustly, Skrill, NETELLER, Bitcoin, and Ethereum.

The platform is also highly adaptable and is able to quickly add support for new esports titles as they become popular in a rapidly shifting esports landscape. Luckbox is currently focused on esports as the biggest growth area in the space, but the company also recognizes the significant size of the traditional sports betting market, with plans to offer online betting for NFL, NHL, soccer, tennis, and other major traditional sports leagues in the near future.

Companies like Luckbox are setting up for big days in the online sports betting industry. Lckbox went live on the TSX Venture Exchange in December 2020 with tremendous success, and the company foresees what could be a big year of growth in 2021.

'These are exciting times and 2021 will be a very busy year for us,' Martin said. 'So far, almost all of our growth has been organic and the potential for growth through marketing is huge.'

Sports Betting Industry Analysis

Gaming Companies Move to Capitalize on Industry Momentum

Esports betting technology company FansUnite Entertainment (CSE:FANS) (OTCQB:FUNFF)announcedin December that the company had entered into a partnership with GameCo LLC and Sky Ute Casino to establish the first esports-focused sportsbook in the state of Colorado. In November, the company announced that it had become a member of the Canadian Gaming Association, and FansUnite plans to take advantage of a Canadian landscape when it begins to shift towards online betting.

DraftKings (NASDAQ:DKNG) expanded its mobile sportsbook into several US states throughout the course of 2020, and the company is continuing that expansion in 2021, launching in Michiganin January. Already one of the biggest names in the traditional online fantasy sports betting space, the company has also expanded into fantasy esports in recent years.

In December, Landcadia Holdings II completed the acquisition of and combination withGolden Nugget Online Gaming (NASDAQ:GNOG). The companies had previously announced intentions in June to merge and subsequently go public on the NASDAQ, and Golden Nugget CEO Tilman J. Fertitta said that the company sees opportunity in the online gaming space.

Cathie Wood, founder, CEO, and CIO of ARK Invest, purchased 215,000 shares of Skillz (NASDAQ:SKLZ) in January, signaling momentum in the esports space. Skillz is a mobile games platform that lets epsports players connect through competitions and tournaments.

The sports betting and esports markets are building on the traction gained last year, creating even more opportunities for platforms like Luckbox as the industry moves forward.

For more information on Luckbox, click here.

Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. MSC owns Microcapwatch.com. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Real Luck Group Ltd

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Sports Betting Industry Revenue

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Sports Betting Industry Value

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