There have been a lot of changes, especially in the year 2020, because of the COVID-19 pandemic. If you are somebody who absolutely loves indulging in gambling and betting activities, I am sure you face a lot of frustrations, because you were not able to do those two activities, because of the virus. I would also have to say that the virus would spread easily in places where people gamble, because they lose their senses, because they’re probably intoxicated.
That is why casinos had to shut down. Like a chain reaction, when casinos shut down, betting arenas also had to shut down for a while. This is something that definitely hindered the revenue of these two industries. Another thing that hindered the activities is the fact that sports, and by sports, I mean most of the games, did not happen. I am quite literally talking about the Olympics getting postponed. Even things like the NFL did not happen for a really long time, but things started getting back to normal after people started getting vaccinated. I’m sure you have even realised that the NBA got postponed.
Since sports activities were not happening, people did not know what to bet on. The betting industry actually hitches a back ride with the sports industry. You could also easily say that the betting industry would quite literally crumble without the sports industry. As everybody knows, there are billions of dollars worth of transactions that happen every single year in both these industries. Trillions have been invested into these two industries in the past couple of decades. We are talking big numbers here.
All of the changes have actually taken a turn towards the internet. The internet has been like redemption for everybody in the pandemic. Because of the internet, we are able to keep track of all of the movies and TV shows; we are able to keep in touch with our family members who were probably on the other side of the planet, we are able to keep ourselves entertained, we’re able to study, we’re able to work our jobs and more.
Where would humanity even be right now, without the internet?
I am leaning towards a very simple explanation. Cryptocurrency is something that has made headlines in the last couple of weeks, and it is something that is going to keep making headlines because people are actually investing into it. Betting and cryptocurrency are two things that continue to go hand-in-hand because betting activities can actually be done on the internet with the help of cryptocurrency. You can actually trade cryptocurrency for real money when you are placing bets.