How Sports Betting Industry Adapts To COVID-19 Pandemic
The continuing coronavirus pandemic has thrown the world into an unprecedented global health emergency while sending the economy to reflect on what could very well be the steepest economic recession since the Great Depression and has since sent shockwaves worldwide. The sports betting industry is currently facing some unforeseen challenges close to other markets, while the COVID- 19 continues. Different lower leagues face financial challenges, with many limitations and some parts of the largest sports betting companies under quarantine. These unfortunate events have limited the number of sports and markets from which bettors can choose. The threat of the said disease throughout the world has canceled major sporting and entertainment events. It shuts down companies leaving professional sports leagues to suspend their seasons to reduce the virus’s transmission hastily. Hence, crippling the sports betting industry that mostly relies on it.
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