As sports betting platforms continue to gain market share and attract more participants, Citizens JMP Senior Equity Research Analyst Jordan Bender joins to discuss why he believes in-play betting is poised to become a $14 billion industry.
“In-play betting particularly will be a growth segment for these [sports-betting] companies,” he tells Yahoo Finance, highlighting it as “an area that we think will be a major driver of revenue.” Bender explains that in-play betting involves predicting a game’s next move or outcome, such as a specific pitch in baseball or a pass in an NFL game, which he describes as “engagement tools.”
Bender estimates the total sports betting market could reach $28 billion by the end of the decade. Currently, in-play betting represents 30-40% of the US market, but he projects this could increase to 50-60% by the decade’s end, translating to approximately $14 billion. Additionally, he notes that micro-betting could represent 10% of in-play betting, further highlighting the segment’s potential growth.
#news #youtube #gaming
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
:max_bytes(150000):strip_icc()/Health-GettyImages-1808049628-5d92d3ddb97a49acbf377c1327321898.jpg?w=120&resize=120,86&ssl=1 "rewrite this title How to Properly Hydrate Your Skin To Retain Moisture—Inside and Out")
