Last updated: September 11, 2023
Technology is growing faster than people can keep up with. It was only in 2007 that Steve Jobs introduced the first iPhone, and ushered in smartphone technology. Smartphones have pervaded nearly every area of life. People can do things on a smartphone that seemed impossible only a few years ago.
One area that benefitted from smartphone technology is online gambling and eSports. Online gambling has moved into the mainstream with sports gambling apps and casino apps for smartphones. Prop bets on games, such as wagers on the coin toss of sporting events, have become very popular. Young people are betting on eSports, which allows teams to compete for prizes in a gaming tournament. There are several companies to consider if you are looking to profit from the rise of gambling technology.
DraftKings began as a fantasy football site only. The company saw major profits in fantasy football tournaments, which can occur daily or weekly. DraftKings is a huge business heavily invested in the youth fantasy football and iGaming culture. DraftKings has sports betting and casino betting apps to download, and its sportsbooks are available in seven states. DraftKings was out in front of the sponsorship of major league sports in the United States for sportsbooks. DraftKings has partnerships with all the major sports in the U.S. It also has deals with broadcasters, such as ESPN and the Fox Sports Network. Although DraftKings began as a private company, it has since gone public. The IPOs mean DraftKings has experienced rapid growth of the stock.
Like DraftKings, Esports Entertainment has focused on the young adult demographic. Esports Entertainment has an online company in Canada. The company specializes in professional eSports events, player-on-player betting, and team betting. Esports Entertainment has been on the bandwagon of eSports’ increasing popularity as a sports gambling entity. People can place bets on all kinds of tournament play. Esports Entertainment has an online sports betting app called Vie, which is extremely popular.
Esports Entertainment has also acquired LHE Enterprises, which operates sportsbooks and online casinos in the United Kingdom and Ireland. This allows Esports Entertainment to gain a foothold in the European market. LHE operates SportsNation, which offers sports teams expertise in marketing, regulation, and risk management.
Rather than specializing in apps or online sportsbooks, Scientific Games represents the technology side of gambling. The company is service-oriented, and it offers all kinds of content to companies. Scientific Games offers social games, such as games on Facebook, apps, digital games, lotteries, and sportsbooks. Scientific Games has customers all over the world.
In addition to marketing technology for online gaming, Scientific Games also sells gaming equipment. It sells video lottery terminals, table systems, and gaming machines needed for brick-and-mortar casinos, such as card shufflers. It manages all kinds of software packages for casino gaming and sportsbooks, both on-site and online. The company also has a well-known casino management system. The casino management system allows casinos to track information for security purposes. There isn’t much that Scientific Games doesn’t have a hand in, making it a great stock to look at. There is a lot of uncertainty in business because of the pandemic. This company has a firm grasp on both brick-and-mortar gambling supplies and online support. The combination makes Scientific Games far less volatile than other gaming companies.
