Gambling Market Global Opportunities And Strategies To 2022

The global online gambling industry is estimated to register lucrative growth over the forecast period 2019-2025. Factors that augment the business growth of the market include high internet penetration coupled with the increasing use of mobile phones. Moreover, ease of access to online gambling, legalization & cultural approval, corporate sponsorships, and celebrity endorsements are further fueling the growth of the market. Apart from this, the growing availability of cost-effective online gambling mobile applications across the globe is also driving the market growth. The recent COVID-10 outbreak, which prompted several governments to prohibit social gatherings and announce full lockdown, has impacted a segmental performance of the industry.
Request a Free Sample of our Global Online Gambling Market: https://www.omrglobal.com/request-sample/online-gambling-market
The report analyzes the global online gambling market on the basis of type and geography. Based on the type, the market is segmented into sports betting, casinos, poker, and bingo.Sports betting contributes significant revenue to the global online gambling industry; however, it has been hit hard by the spread of the deadliest virus across the globe. Several sports events and tournaments including Indian Premier League (IPL) 13, UEFA Euro Cup 2020, Summer Olympics 2020 have been either postponed or canceled, providing a heavy blow to the several online sports betting companies. Further, amid the virus crisis and no sports tournaments or events in place, bettors are shifting to other gambling types such as pokers and casinos. Thereby, fueling the other segmental growth of the market.
A full Report of Global Online Gambling Market is Available at: https://www.omrglobal.com/industry-reports/online-gambling-market
The global online gambling market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. The market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Europe is expected to be the major region in the global online gambling market owing to the legalization of gambling in countries such as France, Germany, Spain, and Italy. Moreover, other factors that fuel the regional business growth include the significant presence of major players, such as William Hill PLC, Cherry AB, 888 Holdings PLC, and several others in the region; and high penetration of the internet coupled with the high smartphone penetration across the region. Asia-Pacific is estimated to be the fastest-growing region in the global online gambling market due to the growing use of internet services and the relaxation of regulations pertaining to online betting & gambling.
Global Online Gambling Market Segmentation
· Type
· Sports Betting
· Casinos
· Poker
· Bingo
Regional Analysis
· North America
· United States
· Canada
· Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
· Asia-Pacific
· China
· India
· Japan
· Rest of Asia-Pacific
· Rest of the World
Companies Studied
· 888 Holdings PLC
· Bet365 Group Ltd.
· Betsson AB
· Cherry AB
· GVC Holdings PLC
· Kindred Group PLC
· Ladbrokes Coral Group PLC
· Flutter Entertainment PLC
· The Stars Group Inc.
· William Hill PLC
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/online-gambling-market
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ONLINE GAMBLING MARKET SIZE
The online gambling market size has increased from 20.51 billion U.S. dollars to 51.96 billion U.S. dollars in the past decade. It is expected to increase up to 81.71 billion U.S. dollars by 2022 which is over a 10% compound annual growth rate. Considering the development of new technologies that can be applied to this industry, one can argue that the potential is truly unrealized.
more info: https://aliveplaycasino.com/
#Alivecasino #VR gambling experience
#Blockchain #cryptocurrency

https://www.otcmarkets.com/stock/WNRS/news/Winners-Subsidiary-VegasWINNERS-Names-Howard-Lefkowitz-Former-CEO-of-VEGASCOM-and-Senior-Executive-at-Earthlink--Home-Sh?id=287012
LAS VEGAS, NV / ACCESSWIRE / January 21, 2021 / Winners, Inc. (OTC PINK:WNRS) subsidiary VegasWINNERS Inc., which provides sports betting enthusiasts with high quality analysis, research, data, guidance and professional advice, announces the hire of Howard Lefkowitz, former CEO of VEGAS.com and senior executive of Earthlink and Home Shopping Network as its President.
Lefkowitz brings to VegasWINNERS considerable marketing and technical experience in Internet business, television, and film. He served as vice president of business development and marketing for Earthlink. He worked with Dick Clark Productions to bring the first interactive primetime show to network TV. He also worked with Ted Turner's WTBS to create that station's first original show. A well-respected entertainment industry visionary, Lefkowitz has also consulted for NBC, CBS, ABC and Fox, as well as Warner Bros and MCA/Universal. Lefkowitz was also a senior executive at multichannel retailer HSN, and later served as president of one of the multibillion-dollar company's subsidiaries. During his nine-year tenure as president and CEO, VEGAS.com became the most visited and successful site for city hospitality and information on the web. Under his leadership VEGAS.com became a highly profitable, globally renowned brand with sales of nearly $400 MM annually. VEGAS.com grew to millions of unique visitors per month and operated back-of-house systems, including box offices, for many of the largest hotels in Las Vegas.
Mr. Lefkowitz will lead monetization, marketing, technology and day to day operations of VegasWINNERS.
Wayne Allyn Root, CEO of VegasWINNERS stated, "Howard has been my friend and neighbor for nearly twenty years. His expertise across multiple industries and disciplines, combined with his rich history of innovation and leadership will be of tremendous value to VegasWINNERS! We are delighted to have him on our winning team."
Last year, Grand View Research reported that in 2019 the global online gambling market size was valued at USD 53.7 billion and that they expected it to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. Later they projected revenues in 2027 to reach $127.3 billion by 2027. Active companies in the market include DraftKings Inc., Playgon Games Inc., Scientific Games Corporation, Landcadia Holdings II, Inc. and Penn National Gaming, Inc.

Crosspost from wsb
Hi everyone, I have started doing weekly valuations and daily market debriefs. What makes me qualified to do this? I work in buyside and get paid to do this.
For this week I look at DraftKings, let me know what names you would like me to do next week as well as your feedback. Here is my non-investment advice on DraftKings.
What’s new: DKNG reported Quarterly adjusted revenues of $133mn (+42% year-over-year (y/y)), which was at the high-end of the pre-announced $131mn-$133mn range. (link) DKNG also reported adjusted EBITDA of -$197mn, better than Wall St. Consensus expectation of -$203mn.
Also with the earnings release, management increased revenue guidance to $540mn to $560mn, and introduced 2021 revenue guidance of $750mn-$850mn (+45% y/y at the midpoint), the consensus estimate was $776mn. This range doesn’t include contributions from Michigan or Virginia, which could both launch online sports betting late this year or early next. Management’s guidance assumes that they continue to operate in all states where they are currently live and announced sport calendars aren’t disrupted.
Valuation Methodology: I continue from my initial valuation of DKNG last week – What’s clear is that more states will legalize betting and more Americans will be exposed to sports betting and online gambling avenues and the market will grow overall. What is less clear, however, is how fast this market will grow. I approach this valuation by starting high level, focusing on the growth of online betting markets, and then following with DKNG’s market share of the future betting markets. I believe DKNG is simply a beneficiary of overall online betting market growth, not some standalone idiosyncratic tech pioneer, therefore I believe starting with Total Available Market (TAM) is the best approach for a valuation here. From Deutsche Bank in their updated Note on DKNG ‘Limited Changes to Forecasts’ “We expect the market to continue to trade shares around TAM and growth trajectory views, much of which will be dictated by the pace of legalization and investors garnering a better understanding of how [that] ultimately flows to net revenue and, down the road, EBITDA.” We use 2025 EBITDA as anything beyond five years is simply impossible to predict. Feel free to disagree with me in the comments and tell me why you disagree.
I try to keep this analysis high level so we can plug and play growth figures for both the market and DKNG’s share of that future market because analyzing line items or on modelling on revenue multiples, is a pointless exercise for growth companies because appreciating from $500M to $5B is way more likely than $100B to $1trn. This is a rapidly changing company in a disruptive industry and it’s stock price reflects expectations of the future of American online gambling and DraftKings’ ability to capture an increasing share of that market growth.
How is the Street valuing DKNG?: Goldman is Neutral rated with a 12-month price target of $53 based on equal parts 2030 EV/EBITDA (discounted), 21.3X 2024 Sales, and a Discounted Cash Flow model.
Morgan Stanley is in-line and equal-weighted with a price target of $37 valuing DKNG on a 18.5x 2025 EBITDA model. 18.5X is a comparable tech multiple.
Deutsche Bank models DKNG at a price target of $48 on a multiples of 25x 2027 EBITDA, discounted at 5% for 5 years. They note that every 10% move in EBITDA from their current forecast is worth ~$4 to their Price Target and every multiple point is ~$2.
Our Model: I start off with management’s 45% y/y growth figure for 2021. I credit DKNG with this growth next year, then crucially, I decrease the growth rate by 5% every year forward, so 40% growth in 22, 35% in 23, etc. because DKNG is starting from a smaller revenue base so 45% will be easier to achieve in 21 than it will be from a higher base in 23.
If the online sports betting and gambling markets grow at these rates from 2020-2025 (about a 35% annual growth rate), and DKNG is able to capture a 23% blended total market share of these markets, at a 30% EBITDA margin and 18.5x EBITDA multiplier (we borrow this from MS), I get a valuation of around $39, implying ~9% downside. Let’s look closer:
I start off by estimating the online sports betting and gambling market size below. I go off the estimated 2020 figure of around $3.14bn – $1.33bn from sports gambling, $1.5bn from iGaming, and $286mm from Daily Fantasy. Next I grow them by the CAGR’s in the previous paragraph and you see the results. For purposes of this valuation I designate this growth profile as my Base case. I don’t want you to stay fixated on the ~35% CAGR but rather to see the effects of the rate on overall market size come 2025. We can argue all day about the numbers, but trying to estimate the growth of the market to the decimal for 5 years out is not an efficient exercise. This is still a nascent market experiencing a lot of disruption with no clear predecessor case studies. We get a TAM of over $14bn in 2025 with our estimates.
Is this a reasonable TAM: Deutsche Bank is a noted Bear on this sort of sports betting TAM Share argument in the 20bn to 25bn range for sports betting. They say in their “A Lot of Unfounded “Expectations” at a Lofty Price; Remain Sell” Note on Penn National, “Said simply, in the period from March 2019 through February 2020, prior to the pandemic, the per adult spend on sports betting (GGNJ adult population) was $51. Given there are 240 mm adults in the US, to arrive at even a $20bn TAM, implied that not only does every state legalize and all 240 mm adults can bet sports on their mobile phones, but that … the adult spend grows by ~65% from this $51 level”. I look at the idea of full legalization and spend per adult in the table below.
To get to our $20bn TAM, indeed every US adult would need to be spending $84 a year on sports betting and online gambling. This ties out with DB’s 65% figure.
Next I estimate the DraftKings’ EBITDA based on the market size and their share of this future market. An important point is DKNG’s promotions and how much it subtracts from top-line revenue. We use 20% here, but management has stated in the past that promotions are generally in the high 20%’s. We give DKNG credit for being able to continue to decrease promotional activity in the future, so for our 2025 EBITDA analysis we settle on 20%. Just for reference, promotions were ~26% in Q1 and Q2 of this year.
I use a healthy 30% EBITDA margin across all levels of market share and market size. As you can see, our Base Case is $785 mm in EBITDA for 2025. Not bad for a company expected to have over negative $400mm in EBITDA for 2020.
Finally, given the current stock price of $42.84 at close on 11/13, what is the implied 2025E EBITDA multiple for all these scenarios?
Every additional turn in the EBITDA multiple adds ~$2 to our price and every additional $100 mm in 2025 EBITDA adds ~$5. If the market grows by only 15%/ year with lower market share and EBITDA margins in our Bear Case, we get a valuation of $14. Likewise, if the market grows at 45%/year with higher market share and EBITDA margins in our Bull Case, we get a $75 valuation.
Upside Risks to Valuation:

1. Stronger than expected performance in 2021, which could accelerate growth in TAM realizations
2. Better-than expected margin performance, especially less promotion activity that eats into top-line revenue
3. DKNG is able to take outsized market share
4. Favorable regulatory events and large states making progress toward sports betting

Downside Risks to Valuation:

1. Considerable stock unloaded coming off management lockup agreements from the IPO
2. TAM expectations becoming more muted, leaving far-out forecasts like the 2025 EBITDA we use being especially vulnerable
3. Promotional activity could last longer than we think and be a drag on revenue
4. Greater impact from competitors, leading to decreased market share and/or further necessitated promotional spend
5. Negative legislative outcomes

If you like this content and want more check out the blog I just started. Here is a link to this post with the model for download and images attached. https://millennialmkts.com/2020/11/15/draftkings-updated-model-dependent-on-betting-market-growth/

Conducted by ANON A review on what to expect from this up and coming project
Can be found on coingecko.
Within this post/document it will cover what $ACED & AceD as a whole is, what to expect, and questions you guys have asked alongside information on the current online gambling statistics for the world, especially sports betting.
> The reason I have gone to this effort is because I have never seen such a low MC project have so much potential, this is unironically a gem. I truly hope you all see the value in this. LONG READ.
What is $ACED and Acedbet.io?
> 500k MC at this current time of posting
> Ethereum-based Token Tokenomics, Symbol: $ACED, Decimals: 18, Type: ERC-20 Token, Total Supply: 200 Million AceD, Circulating supply: 190 Million AceD
> This IS A FULLY WORKING RPODUCT. They advertise: Multi Crypto, Sports & Esports, Fair Odds, and Full Anonymity for all betters.
> AceD bases its fundamentals in providing an alternative to existing centralized systems through the blockchain. Other than most cryptocurrencies that just provide anonymity, AceD plans on developing a privacy-orientated platform where the possibilities are endless. AceD’s mission is to provide online world class entertainment options while providing a secure and private platform.
> Multi Crypto Sportsbook, AceDBets, is a newly launched sportsbook that aims to provide a superior user experience. Custom-designed from the ground up, AceDBets combines a smooth, streamlined interface with social features that enable interactions with fellow cappers.
> “Our goal is to develop an appealing product that betters can enjoy, fair betting experience with 0 downtime. Place a bet from anywhere in the world, totally anon compatible on any device. Demand will increase with improvements. Poker will also be a major driver.”
What the original AceD and the recent move to being a ERC-20 Token? why it happened:
> “AceD started out in June 2018 as a POS/Masternode coin. We decided to swap to ethereum chain in June 2020. Some bad characters were exploiting the chain stealing masternode rewards and selling them on exchange. Updates were too costly with centralized exchanges so the move to ethereum chain was the direction we agreed on. So basically, the main reason why we moved to Ethereum chain is to focus on product development and not worry about blockchain issues. We have Vitalik looking after our chain, no need to develop a blockchain ourselves.”
Did any tokens get lost?
> I asked about this and they said the 200million listed on etherscan is the full amount. Investors initially assumed that tokens were lost originally with the swap, but that is not the case.
The major thing a lot of you guys wanted to know about were the Team, Whitepapers and Roadmaps:
> “Expect team info to be available within the new couple days. Whitepaper draft has already started alongside roadmap, expect publishment within 2 weeks or so.”
> “We also plan to hire more staffing to fill the downtime as our userbase is increasing rapidly need to adapt with demand Over 1200 users signed up total. The total amount of team members we have is 10 (6 developers).”
I asked about bingo not working after being advertised as working, got a nice response, good to see priorities being taken care of:
> “Bingo has been taken offline temporarily; we’ll revisit the product as it requires some attention. AceDbets.io/sports betting is our primary focus right now.”
Considering live sports betting is the only thing running at the moment, what is the current daily, weekly, total wagered through you guys, how do the tokens get redistributed?
> “We shared a chart showing steady growth in bets over the past 3 months. Betting volume is out the roof this month, NBA resumes next week expecting even bigger volumes to roll in with major sports resuming. July numbers will be shared in 3-4 days. Currently there is no dividends model for users, the bankroll profits help fund development and future marketing goals.”
I find that last part interesting, could potentially be implemented as a system to reward staking if it were introduced. Hmm.
​
​
ACED and their future. What they plan on doing with Acedbet.io and their product as a whole.
What is there to look forward to in the next upcoming update, Any set time release? (This is in relation to the website and the extra features they plan to add to their sports betting. I have seen a lot of people comment on it.)
> “No firm date for the update, however we’re in the final stages of testing. It is a massive update for our platform need to ensure everything is down right and functional before we make the transition. Always room for improvement, the new update has many changes which will improve the user experience. We will continue to make changes, always listening to feedback and suggestions from our community.”
> “Support desk is being introduced along with update, where users will have access to knowledge tools, how to use acedbets, understanding betting odds, rules for events and quick support with ticketing system.”
> “in the near future we plan to introduce betting and bankroll management tracking tools. to help a better understand their track record.”
> “Updates will be provided in stages, we find that a more effective approach instead of blasting one big update every few months.”
This update is essential for the QOL of this product, the team seems to be absolutely working their arses off.
Ok, onto the future updates then:
THE BIG QUESTION? WHEN POKER?
> “Focus is on acedbets.io right now. There are not many bugs left, one major one with All IN freeze up issue and then a bunch of minor visual bugs that need to be ironed out. This will be revealed in our roadmap, we hope to have the product live in Q42020. It’s 80% complete with a few user facing bugs that will be addressed when we resume development in August.”
> “After poker, we will be adding more games to the platform such as Keno, Bingo, Roulette, Blackjack. Considering adding live dealers as well.”
WHEN STAKING?
> “Staking on platform will be introduced eventually not sure of the timeline for this. We would have a community vote on how to fund the staking model, a certain amount of coins could be minted for example to support long tem staking.”
I personally find this part to be interesting, if they manage to pull off a staking + betting crypto site, where potentially dividends could be paid off to stakers, etc. it would be crazy, never seen anything like this.
WHEN EXCHANGE?
> “Waiting for IDEX to reply, we have followed up and our listing request is now with their manager for review. We are actively seeking new exchanges and will find a better alternative to graviex very soon. IDEX application submitted, being reviewed by their listing manager.”
WHEN MARKETING?
> “We will be ramping up marketing after our acedbets.io update. Social media, influencers, AMA’s podcasts, some fun contests, publishing articles on major crypto sites, telegram and discord server promotions, partnerships.”
WHEN WILL YOU MAKE BLOG POSTS AGAIN?
> We will be appointing 2 team members to handle our social media profiles. This includes our medium account. All information will be available on acedcoin.com and medium.
I am unsure of anymore future updates as they have said they do not want to make too many promises. I believe with the roadmap release we will be able to get a grand idea of the project. PLEASE DO NOT BE AFRAID TO JOIN THE DISCORD AND SUGGEST IDEAS, THEY LOVE ALL INPUT AND TAKE IT SERIOUSLY.
​
Why bother investing in this?
> How about you guys have a look at the online gambling market predictions for the next 10 years…
> “The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market.
In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth.”
THIS PUTS A $104B VALUATION EXPACTATION FOR 2025.
IT THEN GOES ON TO SAY THIS: > “ The growing number of sports followers across the globe has fuelled the demand for sports betting. The majority of bets are placed on boxing, baseball, football, and hockey sports, which is, in turn, driving the market.
Increasing the development of new technologies such as virtual reality and blockchain is also driving the growth of the industry. This may be attributed to the fact that several companies are now integrating the blockchain technology into their online gambling business. This helps them ensure transparency in gambling activities and offer enhanced user experience. In addition, blockchain-based gambling platforms are completely decentralized and are free of third-party influence.”
They LITERALLY KNOW AND INCLUDE BLOCKCHAIN in their report. THEY KNOW IT WILL BE A BIG INFLUENCE IN YEARS TO COME. Even with COVID-19, AceD covers every sport you could think of that would be running right now, it even has E-Sports. This market prediction, alongside the ACED betting website WITH FULL ANONYMITY… This is going to blow. Once more betting options are released too, especially live poker. Man, you guys better be ready, do not complain about not getting in. I have laid this all out for you, now the choice is yours.
The closest thing that even compares to $ACED is 25mc, and then the next is 40mc. Neither have Anonymous gambling. Once $ACED gains more features, they will be far ahead of these other platforms.
​
EXTRAS
What are you current biggest draw backs? what is stopping you guys from really excelling and achieving these visions faster?
> “Funding, our goal is to build a self-sustainable model with acedbets.io and we are well on our way to achieving this. We would also like to introduce more entertainment options such as live streaming with tip functionality. With our growing userbase I think we can attract a lot of streamers to use our platform to share their content. In order to achieve these, we can have community votes on coins being minted and offered as OTC crowd sale.”
Legal troubles, could this happen with the anonymous betting? Once you guys do pop off and blow up, will this bite you? I don’t personally see a reason for it to but please explain if there would be.
> “Currently, we don’t offer betting in fiat currencies, our platform is strictly crypto therefore a gaming license is not required to operate in this space. However, if need be we are prepared to comply with any changes and a gaming license would be obtained if required.”
If the site does get hacked or anything happens, how safe are everyone’s funds? Sorry if this is rather random it’s just good to know.
> “All funds deposited into acedbets.io are moved over to cold storage. We only keep a small threshold to payout daily withdrawals which is replenished on a daily basis.”
Wtf went on with DGN? saw a lot of fud > “I was in touch with Bubba-Degen (founder of DGN) , announcement was made on their discord. The FUD started due to couple members requesting a refund and were unhappy with the announcement of launch date being extended to upcoming Friday. The 2 guys went ahead and started spamming telegram groups with false information and accusing DGN as scammers. The DGN token will be listed on acedbets.io this weekend and the project will be live be going live on Uniswap on Friday. “

I wanted to share my thoughts on why I think we've been seeing these recent huge gains and a possible way to capitalize on them.
The Motivation
I too am trying to become a rich fellow autist, just like you. Usually, I'm late to the meme stock party and miss out on profits. So, I thought to myself "If I can think of the similarities between these companies, maybe I can beat the crowd and make some real wsb front page worthy shit."^{hopefully as gains}
The Baseline Stock
As my first stock of analysis, of course, I took the latest meme stock $SPCE, Virgin Galactic. Founder Richard Branson is a multi-billionaire with the proper financial backings to make a company huge. But, I figured that is not enough drive for even the newest of new investors to buy calls/shares in the masses and the stock price to soar. With a quick background check, you could find that Branson tried sending tourists to space back in 2008. [ref] He even said he had over 250 people prepaid for $200,000 each. If that happened today, the stock would have probably rocketed to another dimension.
Even better, the market $SPCE is entering isn't controlled by a single company, leaving room for huge growth and a market with gigantic potential. Fox already reported this hype that the space market is projected to reach upwards of $1 trillion. This was even before Virgin Galactic took off in December, albeit this market cap projection included weather, Wi-Fi, shipping and logistics, television and radio rely on satellite-based services. [ref] This could be a factor.
Past Trends Analysis
It seems, especially nowadays, hype drives certain stocks through the roof. Even the slight thought of a company having a massive market cap leads to a huge response from investors. No news becomes good news for the company and good news creates huge share volumes. Most recently, $SPCE and $TSLA bulled their way to daily gains at unimaginable rates without much concrete news. Some meme stocks mentioned here do well ($AMD, $MSFT), those <10% daily gains have some premise, having solid financials to back it up. But, they do not demonstrate extreme leaps like $SPCE who hasn't even made a penny (since I'm Canadian, I should say a Nickel instead). To strengthen my original reasoning, I needed to think of other stocks that had this situation. Then, it all started to come together...

• $SPCE - Sub-orbital tourism/travel. +320% in 2 1/2 months
• $TSLA - The BEV vehicle with a bonus of technology and renewable energy market? Close enough of a guess, but who cares because it went +270% in 4 months
• $ACB^RIP - Legal weed hype. Canada legalizing marijuana. +376% in just over 2 months
• $BYND - Vegetarian "meat" market. Blew up +255% in merely 2 1/2 months
• $NFLX - Online mass video streaming market. +114% in 6 months
• Though this is not a stock, Bitcoin investments when it was seemingly the first kind of major form of cryptocurrency was insane. +2,390% in 1 year. I'd call this an outlier but I don't know anything about the market so maybe another will happen.

This is a list of stocks I can think of, irrelevant of their revenue, that showed the best of best short term gains and all had that similarity.
Ahead of the Party
If I want to get ahead of these parties I need to pick the $BYND or the $SPCE @ $8 before it runs up a 89.9° incline. Finding a company that has the potential to completely enter and control a market, without any actual revenue history. That's where this prediction comes in: $DEAC.
The market: Major sports betting on the US market is not yet available and this acquisition corporation plans to change that by merging with DraftKings. [ref] Before this merger was made public, CNBC wrote a huge article on the sports betting, including a market projection of $150 billion (the estimated current illegal gambling market size). DraftKings and FanDuel own 83% of the legal gambling market in New Jersey. [ref] This leads to a massive potential upside in having an IPO in the sports betting industry, projected to be $5 billion dollars.
The opportunity: $DEAC is an acquisition corporation meant exactly for this purpose. They plan to merge with DraftKings and change to a publicly-traded DraftKings. Not only is the market projected to be large, but this deal is also said to be priced in at a market cap of $3.3 billion. By the way, $DEAC is currently at an $840 million market cap. Now... I'm no mathematician, but those numbers are definitely far apart.
The challenge: While a supreme court ruling allowed any state their own legalization ability for sports betting, I believe NYC just turned down daily sports fantasy betting again. It most likely will be appealed but state legalization it is something to keep in mind. Currently, it shows 21 states have DFS regulations. [ref] Tax incentives could be a push for the other states to follow and legalize DFS regulations.
Conclusion/TLDR
There's one thing in common with these huge gaining stonks, They are breaking through to a market that's yet to be controlled. I'm not a millionaire yet, nor I may never be, but the potential upside of a $DEAC investment seems like a great way to make people millionaires, cough cough calls.
May the gains be with you all!