It is not a surprise that many big investors are choosing to buy shares in the gambling industry, especially online casinos. The most recent case is related to the move of basketball legend, Michael Jordan, who decided to become one of the owners of Draft Kings. You can read this article to find out more about the whole process and all of the details related to the percentage of ownership, the future of the company, and Michaels’s plans there.
There is a big expansion of online gambling in recent years, and some of the main reasons for that are related to the advanced technologies we have today and the convenience that online casinos can provide to players. Also, we have to mention that the year 2023 was especially groundbreaking for the gambling industry. During this year, most people had too much free time since they had to spend it at home because of the coronavirus pandemic and lockdown measures. Therefore, even people without any previous experience in gambling decided to try out their luck over some online platform.
With such popularity of websites where you can play all sorts of casino games, the value of companies that owns some of the most popular online gambling platforms increased significantly. Moreover, we expect that this trend will continue in the following years. Therefore, the move of Michael Jordan to become one of the owners of a big online platform as Draft Kings seems like an excellent move. We are going to analyze more about this topic in the following article.
Future of Online Gambling
We can see that the developers are constantly improving these platforms to provide users with a better experience. They are using the most recent innovations in digital technologies, especially those related to software and hardware options. Some of the most recent trends are the implementation of blockchain technology that provides these websites with increased security, faster transactions, and improved capabilities. Also, virtual reality has a great potential to make online gambling even more popular with the ability to use a VR headset and get the feeling as when you are in the land casino.
Main Features of DraftKings Online Casino
The main feature that made this website so popular is that you could bet on the fantasy leagues, which became very interesting to many people since it got introduced several years ago. There are various free-to-play apps where you can draft teams in major sports like NFL, NBA, or English Premier League, and many companies have noticed that it would be a great solution to introduce a similar method, but with a difference that you could place your money on your preferred draft of single players and their performances in each game. Besides the draft mode, you can also choose from many games like in most online casinos, such as slots, poker, and more.
Moreover, the registration is also quite easy, like with most similar apps, which are available for both iOS and Android devices. Since this app is only available in the United States, you must be at least 21 years old to register. The downside is that this app is currently available only for people living in New Jersey, but there are plans for the company to expand more. When it comes to the depositing process, you can use a standard credit card, prepaid card, Skrill, Wire, and PayPal. There is a sports book available as well, where you can bet on the most popular sports like Soccer, Football, Baseball, Hockey, and more.
Advantages for Players
Many important reasons made people more interested in online gambling than visiting land-based casinos. When you are living in the United States or some other country where gambling is limited and well-regulated, playing games at some live table means that you will have to travel to some popular gambling spots like Atlantic City or Las Vegas. However, that requires people to plan a whole vacation only to spend a few days in some of these places. Nevertheless, many people are interested in gambling only for fun and don’t like the idea of investing a lot of money in this sort of entertainment.
Another excellent feature that attracts a lot of new players is the welcome bonus award. After you register and place your funds for the first time, you will get a free bet that you can use for sports betting, draft betting, or casino games. The advantage is that you can try out different games and see which one suits you the best, which is especially important for people without experience in gambling. Besides the welcome bonus, there are also many other interesting features like jackpot prizes, VIP rooms, weekly bonuses, and more. Furthermore, we have to mention the ability to play whenever you want and wherever you are, without the need to travel to some casino resort.
Considering all of the features and benefits, along with the current trends where online gambling is on a rise, it seems that the move of Michael Jordan to invest in this field is an excellent one that has a great potential to bring him profit over years. His participation in this company immediately increased its popularity and value on the stock market, which raised by 6% during the first few days. Jordan is known for big investments, like his ownership of Charlotte Hornets and parts of Nike corporation, with his brand Jordan sneakers.
While there is a great advantage for this online gambling service that they have such a famous person as one of the owners, Jordan is also expecting further development and innovations related to online gambling services. Online gambling is already more popular than land-based casinos, and we expect that the popularity will continue with the expansion in the following years. Draft games are especially popular, and this company is one of the leaders when it comes to betting on players in the NBA league. According to some analyses, DraftKing has the potential to make over $1 billion during the next year.