Corsair Gaming, Bally’s, And DraftKings Helping Popularize Esports Betting

The esports betting market continues to experience explosive growth across the globe. According to PR Newswire, Corsair Gaming, Bally’s Corp, and Draftkings are some of the big-name brands that are helping this market flourish.

Corsair Gaming Inc. recently unveiled the company’s first-quarter financial results for 2021. Net revenue went up to $529.4 million, which represents a 71.6% increase year-over-year. Furthermore, net income rose to $46.7 million, a huge boost from $1.2 million during the same period in 2020. Gaming and content creator net revenue for the company was $175.9 million, a 131% increase year-over-year.

Bally’s Corporation is also making headlines after the organization announced it had completed the acquisition of Jumer’s Casino & Hotel. The deal was reportedly worth $120 million.

“As the latest step in our ongoing portfolio diversification strategy, we are excited to complete our acquisition of Jumer’s and enter the rapidly growing Illinois gaming market,” said George Papanier, the Chief Executive Officer of Bally’s Corporation. “The closing provides Bally’s with the potential to capitalize on several lucrative sports betting opportunities, which we expect will drive revenue and cash flow growth. We are pleased to welcome Jumer’s into the Bally’sfamily, and look forward to leveraging our expertise to enhance the property’s operations.”

Finally, DraftKings Inc. unveiled the company would be collaborating with the American Gaming Association (AGA). The organizations will work together to promote the AGA’s Have a Game Plan. Bet Responsibly public service campaign which aims to promote safe gambling and betting practices.

(All information was provided by PR Newswire)

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