As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
US Gambling Sites / How Covid-19 has affected the global gambling industry

How Covid-19 has affected the global gambling industry

Josh Schwartz
Josh Schwartz
Publish Date: 30/05/2021
Fact checked by: Mark Lewis

Covid-19 has affected people the world over, with businesses in every sector closing day by day, but what has been the economic knock on effect on the gambling industry?

In some cases the impact has been catastrophic, and in other cases less so. What can commonly be concluded, to varying degrees of severity, is that the gambling industry as a whole is experiencing some form of slump.

Casinos are the worst affected

Casinos have undoubtedly been the worst affected, as they rely on people coming through the door to play and generate their income. Social distancing and stay at home measures across the world have seen casinos have to close doors immediately, with no projected reopening dates in sight. As is the case with many other retail and hospitality businesses, the day when casinos can go back to operating as normal looks to be a far stretch into the future, with many casinos in doubt if they can reopen their doors at all.

In the USA, all eyes have naturally been on Las Vegas, a city whose economy is built almost entirely around casinos and gambling. In a bid to try and bring tourists and high rollers back to the city as soon as possible, the Mayor of Las Vegas, Carolyn Goodman, has offered up the city as an experimental control group for the easing of social distancing measures. Unsurprisingly, this is a move that proved controversial, and has faced serious backlash from both politicians and the public.

Online casino and poker custom see dramatic increase

While brick and mortar casinos find themselves in dire straits, online casinos in the US have seen dramatic rises in members and cashflow. New Jersey’s Department of Gaming Enforcement reported that gross gaming revenue is  up 64.4% for online casinos. Industry giants 888 Holdings have seen the popularity of their online casino and poker games increase also, which has led to a 32% increase in shares.

Sports shutdown see online betting down

The rise in online casino and poker gaming is unlikely to do enough to make up for the loss of revenue that online sports betting looks set to suffer in 2020. As social distancing laws have become the norm in countries across the globe, sport has ground to a halt worldwide. A lack of sport to bet on has led (and will inevitably lead to more) losses. While the increase in online casino players does help, it’s doubtful that it will make up for the lost revenue from major sporting events that are not taking place. While the Belarussian and Nicaraguan football leagues have experienced newfound popularity among punters, it’s highly unlikely they will even come close to replacing profits that will be missed from major sporting events. With Euro 2020, the Olympics and Fury vs Wilder III already cancelled, it looks certain that no major sporting events will be held before the end of the year.

Look on the brightside 

With the German Bundesliga looking to restart in May behind closed doors and New Zealand reopening their racetracks, there is some hope that things may start to pick up from here on in. What's more, all of the cancelled events in 2020 will likely be rescheduled sometime in 2021, so there’s hope for a brighter future yet.

Read Also
March Madness Preview and Betting Guide
The NCAA basketball tournament is almost here!, and today we will talk ...
MGM Resorts Casinos Target ‘Drive-in Traffic’ after Lockdown is Lifted
Casino operator MGM Resorts has revealed that it will mainly rely on ...
captaingambling Weekly: DraftKings Online Debuts in Pennsylvania, and other news...
There are new events in the gambling word every day. Some news ...
COVID-2019 Shuts Down Pennsylvania Casinos! The Five Best Online Casinos For You
Pennsylvania has a long history of casino gambling. But lately, things have ...
Epic Risk Management Joins The National Council On Problem Gambling
Epic Risk Management will work with the National Council On Problem Gambling ...
Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
4.9/5
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
4.8/5
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
4.7/5
PointsBet
PointsBet
PointsBet Review
4.7/5
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
4.7/5
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
4.9/5
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
4.8/5
FanDuel Sport
FanDuel Sport Promo
Bet $5, Get $150 in Bonus Bets
T&Cs apply
4.7/5
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
4.7/5
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
4.6/5
Posts
Show More
Betting Tips
Borussia Monchengladbach – Bayer Leverkusen
22/01/2023 - 10:30 am
Stadion im BORUSSIA-PARK
Tip:
Match Winner: Away
2.4
Bet365
Bet Now
Borussia Dortmund – FC Augsburg
22/01/2023 - 8:30 am
Signal-Iduna-Park
Tip:
Both Teams Score: No
2.2
Bet365
Bet Now
FC Koln – Werder Bremen
21/01/2023 - 11:30 am
RheinEnergieStadion
Tip:
Match Winner: Home
2.3
Bet365
Bet Now
Get the latest updates in Sports and Casino via our Newsletter
header-hero-image
MLB Daily Picks:
Drew's DFS Picks
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

sdfgfdgcsdfgfdgcwww
Move to Top
Close
Stake.us Exclusive Bonus
5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 21+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Weekly reload bonuses
  • Redeem for Crypto
  • Earn Stake Cash for logging in!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site