Bet on bettors: Alt data for the online gambling industry
Paris Tung, Associate (London)
SETTING THE SCENE
Evidence suggests the online gambling industry is making it through the pandemic with little financial damage. For instance:
- The UK observed a 115% increase in CAGR for online real event betting between May and June 2020
- In Australia, a 67% rise in online gambling was reported during the first week of April alone
- Grand View Research forecasts that the sector’s CAGR is 11.5% and will reach $127bn by 2027
So, it comes as no surprise that Neudata have been observing …