Elys Game Technology Bets Big On U.S. Market With Third Location - Seite 2

Sports Betting In the U.S.

In 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA). This paved the way for each state to determine its own sports betting laws. Since then, legal sports betting has taken off in the United States.

• 30 states have already legalized sports betting in some capacity.
• Revenue from legalized online sports betting is projected to hit $7.62 billion this year, according to Statista.
• By 2027, this market is expected to reach $31.09 billion, growing at a compounded annual growth rate (CAGR) of 12.89% over 2023-2027.
• Statista estimates that just under 50 million Americans will participate in sports gambling by 2027, roughly 19% of the adult population.

To understand the popularity of sports betting in the U.S., investors should look no further than the success of the National Football League (NFL). The NFL Championship - the Super Bowl - routinely draws in around 100 million viewers. And, of the 50 most valuable sports franchises in the world, 30 are NFL teams.

Sports betting will likely continue to grow in America, thanks in large part to the popularity of the NFL. As sports betting becomes more mainstream, providers like Elys, with their extensive experience in the industry,appear well positioned to join in the success.

Elys Game Technology U.S. Expansion Plans

Elys Game Technology recently announced plans to expand its footprint in Washington D.C. by adding a third location on H Street. This new location will build on the success of Elys' other two D.C. locations: Grand Central Sportsbook and the Cloakroom Gentlemen's Club Over Under Sportsbook Lounge.

Elys plans to use this D.C. base to expand sequentially into the following states:

1. New Jersey
2. Louisiana
3. Kentucky
4. Colorado
5. Indiana
6. Illinois
7. Michigan

Once it has established a foothold in local bars/restaurants, Elys will have plenty of room to expand its offering outside of just sports betting. This is because it offers a full suite of omnichannel leisure gaming products and services including online casino and slot games, poker, bingo, lottery, and more interactive gambling games.

For investors who are confident in the continued growth of the NFL and sports betting in America, ELYS could be a promising stock to keep an eye on.

Featured photo by Christin Noelle on Unsplash.

Contact:

Tom Colton and Alec Wilson
[e-mail]

SOURCE: Elys Game Technology, Corp.

View source version on accesswire.com:
https://www.accesswire.com/810731/elys-game-technology-bets-big-on-us- ...


The Elys Game Technology Stock at the time of publication of the news with a fall of -5,88 % to 0,112USD on Stuttgart stock exchange (28. November 2023, 08:02 Uhr).