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And although online sporting activities betting companies DraftKings and FanDuel have outshined their benchmark indexes over the past year, the pandemic has hit them hard, too. Since going public in April, DraftKings’s market capitalization has gotten to $12 billion, outpacing institutions like Caesar’s and MGM hotels, according to the Wall Road Journal. Meanwhile, brick-and-mortar casinos have actually seen their earnings contract 80%, according to the American Video Gaming Association. In the second quarter of in 2015, casinos were open for a sum of about 42,000 days. In some states, like Illinois, New Jersey, and New York, gambling enterprises have been shut for all of the 2nd quarter of 2020.
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