{"id":2563,"date":"2021-01-11T17:20:16","date_gmt":"2021-01-11T17:20:16","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=2563"},"modified":"2025-05-23T17:06:19","modified_gmt":"2025-05-23T17:06:19","slug":"online-betting-gains-momentum-amid-digital-gambling-boom","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/online-betting-gains-momentum-amid-digital-gambling-boom\/","title":{"rendered":"Online Betting Gains Momentum Amid Digital Gambling Boom"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/online-betting-gains-momentum-amid-digital-gambling-boom\/#DraftKings\" >DraftKings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/online-betting-gains-momentum-amid-digital-gambling-boom\/#FanDuel_Flutter_Entertainment\" >FanDuel\/ Flutter Entertainment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/icoholder.com\/blog\/online-betting-gains-momentum-amid-digital-gambling-boom\/#MGM_Resorts\" >MGM Resorts<\/a><\/li><\/ul><\/nav><\/div>\n<p>There&#8217;s no denying that 2020 was a challenging year for most people, and\u00a0<a href=\"https:\/\/www.valuewalk.com\/gambling-in-2021\/\">2021<\/a> isn&#8217;t shaping up to be much better yet.Casinos and other entertainment venues were forced to close down due to fears about spreading the coronavirus. Online betting gains momentum as people turn to digital alternatives for entertainment and gambling.<\/p>\n<p>As a result, people turned to online solutions to meet their needs, including\u00a0<a href=\"https:\/\/casino-bonus.com\/new-casino-sites\/\">online casinos<\/a>\u00a0and sportsbook makers. As the pandemic continues, 2021 is sure to bring more of the same, which means good things for online gambling firms. So which companies will continue to thrive in 2021? Here are several online gambling companies investors should be watching.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"DraftKings\"><\/span>DraftKings<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No article about online betting companies would be complete without details about DraftKings. The company took off in 2020, although it wasn&#8217;t without struggles. DraftKings depends on professional and college sports. Thus, when everything was suspended in 2020, it wasn&#8217;t all blue skies for the company. However, sports are back up and running for 2021, so that means good things for DraftKings&#8217; business.<\/p>\n<p>Shares of DraftKings jumped last week after it was reported that New York was close to legalizing online sports betting. The state could become the largest market for sports betting in the U.S., so DraftKings would benefit from it greatly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FanDuel_Flutter_Entertainment\"><\/span>FanDuel\/ Flutter Entertainment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>DraftKings&#8217; biggest competitor in the U.S. is FanDuel, which is owned by Flutter Entertainment. Investors who want to invest in FanDuel get other sports betting brands as well. Flutter owns a broad range of gambling companies, including Fox Bet, Paddy Power, Sky Bet, PokerStars, Timeform, Betfair and BetEasy.<\/p>\n<p>Flutter&#8217;s FanDuel should also benefit from the legalization of online sports betting in New York. Like DraftKings, Flutter\u00a0<a href=\"https:\/\/www.valuewalk.com\/2020\/07\/best-gambling-stocks-invest\/\">shares<\/a>\u00a0have taken off over the last 12 months and show no signs of slowing down. Unlike DraftKings, investors get multiple gambling brands in various countries with Flutter Entertainment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"MGM_Resorts\"><\/span>MGM Resorts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">If you&#8217;re looking to take advantage of the pent-up demand for brick-and-mortar gambling, MGM Resorts could be a good play. The company operates casino resorts around the world, but it announced that its sports betting and online gambling business, <a href=\"https:\/\/icoholder.com\/blog\/driving-crypto-bull-runs-key-factors-fueling-market-growth\/\">BetMGM<\/a>, opened an online casino in Pennsylvania. BetMGM also expanded into Iowa with mobile sports betting. Online betting gains momentum, and MGM is positioning itself to capture that growth through digital expansion.<\/p>\n<p>Additionally, the company also partners with professional sports franchises to pull in those who like to gamble on sports. MGM is rumored to be trying to buy Entain, its partner on BetMGM. Nothing official has been announced yet, but it would be a big move into online gambling for a company traditionally in the land-based casino business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s no denying that 2020 was a challenging year for most people, and\u00a02021 isn&#8217;t shaping up to be much better yet.Casinos and other entertainment venues &hellip; <\/p>\n","protected":false},"author":13,"featured_media":2346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Online Betting Gains Momentum Amid Digital Gambling Boom<\/title>\n<meta name=\"description\" content=\"Online betting gains momentum as companies like DraftKings and BetMGM expand in a fast-growing digital market - 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