Fanatics joining the regulated sports wagering could be a drag on established operators, because it could force promotional spending higher while extending time lines to profitability.<\/strong><\/p>\nFortunately, Engel sees some underappreciated catalysts for internet sports book operators.<\/p>\n
\u201cWe also see potential long-term drivers that we don’t believe are widely followed by investors. The utilization of Web3 or blockchain \u2018dApps\u2019 could help reduce gross costs longer-term, including payment processing and iGaming content fees,\u201d notes the analyst. \u201cA company called Game Play Network is also using live horse racing wagering technology to simulate online casino games, which is expanding iGaming’s addressable market to 22 states and 36 longer-term.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
With the NBA Finals a maximum of five games from conclusion, and with the NHL conference finals taking place, the calendar is nearing an unfavorable period for sportsbook operators. July and August usually are the two slowest months of the year for sportsbooks before football season commences in earnest in September. In other words, sagging […]<\/p>\n","protected":false},"author":46,"featured_media":216124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
Sports Betting Stocks Could Use Summer Sparks, Says Analyst<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n