Bet on bettors: Alt data for the online gambling industry
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 …
