Betting’s Industry Predictions 2023
Looking forward isn’t always easy and the same for the gaming industry. The impact of regulation on online betting is making a special quite mark across Europe and now we can’t always see what’s coming. The sports betting market has a wide option. But our predictions mentioned below are what betting industry is going to be for the year ahead.
Our Odds-on favorites in the Betting Industry
Some firms in 2023 are on red-hot one. As we are predicting a robust year for DraftKings just seems like it is too easy for them. They have made immense success in fantasy sports already in 2018 along with FanDuel. And now leading US sports betting markets.
They DraftKings also tossed Hampshire sports wagering in December and entered the market in Colorado this January. They also acquired sports betting supplier SBTech in 2019. Also becomes a public ltd betting company. DraftKings has truly established itself together of the most important players in our field.
In the operator sphere, Bet365 is already for an additional year of dominance. Flutter Entertainment has acquired Stars Group, the synergies and results of such a gargantuan merger won’t be felt immediately. If the deal will further provide space for Bet365 to get over more online betting market. They had generated revenue of $3.94bn for the year 2019; an increase of 10% from last year. They had left many competitors in its wake. We are expecting no different in 2023.
Finally, companies which are dealing heavily in online sports betting:
Evolution Gaming is certainly a game-changer because it continues to push live casinos to new heights. Yggdrasil also will be worth watching. It’s Publishing business is being pitched by the provider because of the online gaming sector’s next major disruptor.
The legacy bets
In the US casino sector, all are looking forward to Caesars Entertainment after last year’s confirmation. Eldorado Resorts will purchase the corporate for $17.3bn. Speculations are splitting on how the operator will go further. Will, the new management copes with betting management’s decentralized approach and will work for its early success.
On the other hand, MGM Resorts International has made its intentions come back within the US sports betting market. Now looking for an integrated resort license in Japan – namely Osaka. It’s unlikely BetMGM is going to be taking any titles faraway from DraftKings and FanDuel. Especially thanks to their different approaches, more patient approach thereto vertical.
You’ll also believe Scientific Games and IGT to act as legacy bets. While up-and-coming firms will forever disrupt the gaming space, claiming valuable sports betting market share all the time. We’d wager that trend continues in 2023. Speaking of newcomers, however…
The underdogs: Newcomers of the year
Virgin Bet has brought business tycoon Richard Branson to the UK. Launched in 2019 through Gamesys Group and powered by SBTech. Pragmatic Play, too, has recently announced it’ll be a newcomer within the online betting sports.