As More States Legalize Online Betting There´s a Bright Future For The Billion Dollar eSports Betting Industry

The revenue from states that allow gambling is up 22 percent from the previous record of $11.1 billion in the third quarter of 2019, months before the Covid-19 pandemic plunged the industry into a recession. U.S. gambling revenue hit $13.6 billion in the second quarter of 2021, a new industry record, according to data from the American Gaming Association.  According to a report from Statista, The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.  "Online gambling consists of playing casino games, poker and/or sports betting via the internet. Due to factors such as the advancement of technology available (for example smartphones and apps), higher trust of gamblers paying online, and the increasing digitization of the world, the online gambling market is seeing growth in many regions. After sports betting was legalized in the United States by the Supreme Court in 2018, online gambling companies are now able to grow their sport betting sectors, thereby further supporting the market's growth."    Active gaming and tech companies in the markets today include:  Esports Technologies (NASDAQ: EBET), Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Super League Gaming (NASDAQ: SLGG), SharpLonk Gaming Ltd. (NASDAQ: SBET).

The report added: "The sports betting industry in the United States is growing with relative speed. Many states have legalized the pastime and even more are in the process of doing so. The agreements that have been made between sports betting companies and casinos in 2019 are predicted to play a significant role in revenue growth in the upcoming years.  The rise of esports betting has gone hand in hand with the widespread deregulation of online betting all over the world. At the moment online esports betting is legal in a relatively small number of countries like the UK, Germany, Sweden and so on. Countries like Australia still don't allow you to bet live on esports over the internet.  But it looks like the tide is turning as growing numbers of US states are starting to legalize betting on regular sports and esports. Such moves will dramatically increase the potential revenue streams for esports betting sites and its understandable why so many bookmakers are keen to move into the fledgling US markets. This suggests a bright future for the esports betting industry."

Esports Technologies (NASDAQ: EBET) – BREAKING NEWS - Esports Technologies' Nolan Bushnell, Founder of Atari, to Keynote at SiGMA Europe - Esports Technologies will be the platinum partner for this event -  Esports Technologies, a leading global provider of advanced esports wagering products and technology, announced today that its strategic advisor Nolan Bushnell will be the keynote speaker at this year's SiGMA Europe, taking place November 15–19 in Malta. Esports Technologies will be the platinum partner for this event, one of the world's largest gaming exhibitions.

Billed as "The World's Gaming Festival," SiGMA Europe will bring together leading suppliers, operators, affiliates, and emerging tech. The event will showcase the latest trends and insights and offer five days of unparalleled in-person networking opportunities in a first-class Mediterranean setting.

Mark Thorne, CMO, Esports Technologies, said, "We are extremely proud to have Nolan Bushnell as the keynote. He is truly a legend in the gaming space. We're especially excited to be the Platinum partner for SiGMA Europe, where we will not only showcase our technology and brands, but also help promote the importance of Esports wagering within the iGaming industry."

At the event, there will be an Esports Village for enthusiasts and newcomers to enjoy. Esports Technologies will also team up with GamingMalta to provide esports workshops with multiple tracks centered around esports as well as esports wagering, a global market that is expected to be valued at more than $20.7 billion by 2027. Through the efforts of GamingMalta, the island nation has become a rapidly growing hub for digital innovation. Malta is the host location for both 2021 seasons of ESL Pro League, one of the major professional leagues in esports.