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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