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Bets on sports total around $150 billion each year according to the American Gaming Association, but it's mostly underground. Some of this betting will move from bookies to legal casinos in states that open up for sports betting, effectively shifting volume from illegal locations to legal ones. There will be a number of potential winners in sports betting, and I think investors looking to play the market should look for breadth of sports betting exposure. MGM and Boyd's partnership will give the two companies 15 states of physical reach in which to offer sports betting as it's legalized, and Caesars Entertainment has a presence in 13 states. The other area to look at is service providers who build the betting infrastructure for casinos. IGT ( NYSE:IGT ) is powering MGM's sports betting already, and Scientific Games ( NASDAQ:SGMS ) announced an agreement with Caesars to use its sports betting platform in New Jersey and Mississippi.
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DUBLIN--( BUSINESS WIRE )--The "Analyzing the Global Online Gambling Industry 2018" report has been added to ResearchAndMarkets.com's offering. The global online gambling industry is one of the biggest and most rapidly expanding market at the moment. Online gambling has proven to be the biggest phenomenon in recent years. The games that dominate are wagering, casino and poker. It is becoming ever popular and its growth is greatly driven by factors such as internet penetration. Countries still deal differently with online gambling, with legislations ranging between prohibitions to letting online gambling take place on the grey markets, to monopoly licenses for online gambling providers to entirely open markets. About 51% of the world's population takes part in some form of gambling every year, thus signifying obvious financial benefits from online gambling websites. With the expansion of the online gambling industry, players have come to expect only the highest quality of online gambling facilities. New features and regular system updates are needed to maintain the websites to stay ahead in the market.
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