July 14, 2021 -- InvestorsHub NewsWire -- via
Digital Journal
Winners, Inc. (OTC
PINK: WNRS) has
always been ahead of the trends in providing betting enthusiasts
with the most accurate and up-to-date news and data, and its
expansion efforts past, present, and future sets them up for a
catalyst-filled year.
Earlier this month, WNRS subsidiary VegasWINNERS Inc. announced
that it was granted a Sports Wagering Interim Supplier License by
the State of West Virginia Lottery, enabling WNRS to refer
customers in West Virginia to licensed sportsbooks in return for
commission payments. It’s a potentially lucrative deal, with West
Virginia’s total amount of sports wagers increasing from $226M in
2019 to over $419M in 2020.
Better still, they can quickly leverage the state’s permission
to allow online and in-person sports betting following the
Professional and Amateur Sports Protection Act repeal. Already,
that sports betting market has become more substantial than densely
populated states such as New York.
Further, online gambling and legal sports betting have been
rapidly gaining momentum across the United States. According to a
report by Research & Markets, the industry is expected to reach
a valuation of $92.9 billion by 2023, supported by an annual
compound growth rate of 11.6%.
Analysts also expect that the increased availability of
technologies such as Blockchain, IoT, and VR will support the
further expansion of the industry and bring North America up to
pace with global markets. WNRS is working to utilize these
technologies to best reach the sector’s growing audience and
maximize its commission-based revenues.
Indeed, VegasWINNERS’s approval in West Virginia is a
significant development milestone and potentially lucrative
addition to its list of registrations in other states. VegasWINNERS
intends to eventually expand into all states that have legalized
online sports gambling and have already secured a significant
license in New Jersey, the largest sports betting market in the US.
Moreover, as the market continues to grow following the repeal of
the Professional and Amateur Sports Protection Act in 2018, WNRS is
making the right moves at the right time.
Better still, the investors in Winners, Inc. may have the odds
stacked in their favor.
Building An Impressive Portfolio
As noted, through its operating subsidiary VegasWINNERS Inc.,
WNRS is committed to providing the latest in sports gambling news,
statistics, predictions, and advice through a variety of media and
advertising
formats. Already, VegasWINNERS
Inc. is a licensed sports gaming affiliate that generates revenues
by directing traffic to gaming operators for commission.
One of the company’s most significant deals was its announcement
that it received approval from the New Jersey Division of Gaming
Enforcement to operate as a Registered Vendor Sports Gaming
Affiliate in the state of New Jersey. That approval could serve as
a catalyst for growth, allowing WNRS access to one of the most
lucrative markets in the country. Since its legalization in June
2018, the New Jersey market has become one of the most popular hubs
of sports betting activity, recording more than $4.5 billion
wagered in its first year of legal betting.
In fact, the state finished 2020 as the largest sports betting
market in America, surpassing Nevada by more than $1.5 billion in
wagers placed. This means that bets placed in New Jersey now
account for 28% of all sports betting in America, making WNRS’s
approval as a Registered Vendor Sports Gaming Affiliate in the
state a potentially massive revenue-generating opportunity.
Moreover, with WNRS making most of its revenues by directing its
users to gaming operators in exchange for a commission, the company
has emphasized providing consistently high-quality and engaging
content to build its industry-best reputation.
One of WNRS’s most successful promotions is through its Krush
House Network, a website featuring various programs that target
everyone from seasoned gamblers to sports fans who are simply
interested in the statistics and analyst opinions. The leading
“Krush House™” podcast features Frank Nicoterro and former NFL
Quarterback and ESPN analyst Sean Salisbury, who discuss team
performance and analyze betting trends. The show also features
interviews with famous sports figures, man-on-the-street interviews
at sporting events, audience interaction and contests, and other
engaging attractions to draw in new viewers.
The Krush House Network also produces two other shows created to
help sports fans best make informed legal bets by learning from the
industry’s top sports handicappers. These programs feature the
company’s CEO, Wayne Allyn Root, also known as “The King of Vegas
Sports Gambling” and “America’s Oddsmaker.” The show’s experts
discuss all major sports and offer opinions, advice, arguments, and
current information about the latest handicap betting trends.
The Krush House Network supports WNRS’s overall goal in driving
traffic to gaming operators for a commission by providing its
audience with a compelling and accurate platform that covers the
world of online sports betting. As the company continues to upload
multiple episodes per week, WNRS will build its audience and
capitalize upon the recently legalized and rapidly growing sports
betting sector.
Looking Ahead To 2H 2021
Overall, WNRS is ahead of the curve when it comes to appealing
to the legalized sports betting US market.
Last week’s securing a Sports Wagering Interim Supplier License
in West Virginia grants the company access to the state’s $419M
sports betting market. Additionally, the recent approval of its
Registered Vendor Sports Gaming Affiliate status in the nation’s
most lucrative market of New Jersey is expected to substantially
increase the company’s commission-based earnings. These markets
will add significant revenue streams to the company and support its
Krush House network of podcasts and shows, which will help draw
even more users to the platform.
Indeed, the company’s future looks bright. And having already
earned access to some of the nation’s most profitable sports
betting markets, investors should look forward to WNRS’s
developments throughout the rest of 2021. At current prices, this
one could be a safe bet.
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