- DraftKings and FanDuel, the two most popular mobile sportsbooks in the US, saw their usage triple in May.
- New users of mobile betting apps increased by 212% during the month of May.
- The expected return of the NBA, NHL, and PGA Tour has led to more optimism on sports betting during the coronavirus pandemic.
NEW YORK — After a rocky couple of months for sportsbooks, the month of May proved to be one of the best months for an industry that hasn’t had its best revenue generating services available.
The COVID-19 pandemic has engulfed the sports and online sports betting world as many of the most popular leagues in the world have been forced to reschedule or postpone their seasons.
In March, the closure of brick-and-mortar casinos made mobile sportsbooks one of the most popular ways to place bets on the remaining sports able to continue amid the coronavirus lockdowns globally.
Mobile Betting is one of the most convenient ways to place bets.
Typically, as long as your tablet, phone, or laptop is connected to a stable internet source sports bets can be made from anywhere at any time.
As the pandemic hit more and more sports bettors started going online to place their bets and that has helped the sports betting economy rebound.
DraftKings and FanDuel among other mobile sports betting apps saw their traffic triple during the month of May despite the short supply of sports betting opportunities available.
Advertising Disclosure
USAOnlineSportsbooks.com provides you with the most current information regarding sports betting and fantasy with the help of commissions we receive from links you may click on our site.
“COVID-19 today is having the clear negative effect of eliminating sporting events for people to bet on,” said Thomas Allen, gaming analyst for Morgan Stanley. “We expect resulting weaker state budgets to push more states to search for new tax revenues, and sports betting (and) iGaming to be the answer.”
Sports betting menus have been pretty bare during the pandemic as the UFC, KBO, NASCAR races, and esports have been the biggest draw to sportsbooks over the past two months.
Those sports played a major role in the resurgence of mobile betting and as more leagues start to plan their returns, mobile betting will only continue to increase from here.
The increase should give bettors hope that more major sports leagues like the NHL, MLB, NBA, and PGA Tour will be coming back to sportsbooks soon.
The PGA Tour returns to action in early June while the NBA and NHL recently approved their return to action plans. With more major sports coming back expect to see another major surge from sports betting companies this summer.
As a professional sports writer, Robert has written for outlets such as the FAMUAN and other sports-centric platforms. He focuses mainly on NFL and NBA betting, though he keeps tabs on every major sport.
