” There was really little competitors from brick-and-mortar casino sites in the second quarter.” And although online sports betting firms DraftKings and FanDuel have outperformed their benchmark indexes over the past year, the pandemic has actually hit them hard, also. Because going public in April, DraftKings’s market capitalization has actually gotten to $12 billion, surpassing institutions like Caesar’s and MGM hotels, according to the Wall Street Journal. Meanwhile, brick-and-mortar casinos have seen their profits contract 80%, according to the American Video Gaming Organization. In the second quarter of in 2015, casino sites were open for an amount of concerning 42,000 days.
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