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” There was really little competition from brick-and-mortar gambling enterprises in the 2nd quarter.” And although online sports wagering companies DraftKings and FanDuel have actually surpassed their benchmark indexes over the past year, the pandemic has hit them hard, too. Since going public in April, DraftKings’s market capitalization has actually gotten to $12 billion, outmatching establishments like Caesar’s and MGM resorts, according to the Wall Street Journal. On the other hand, brick-and-mortar gambling establishments have actually seen their incomes agreement 80%, according to the American Gaming Organization. In the 2nd quarter of in 2014, gambling enterprises were open for a sum of concerning 42,000 days. In some states, like Illinois, New Jersey, and New york city, gambling establishments have been closed for every one of the 2nd quarter of 2020.
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