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The Explosive Growth of Sports Betting

by Rida Khan
This post is by Rida Khan from Visual Capitalist

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The following content is sponsored by Roundhill

The Explosive Growth of Sports Betting

In 2022, the sports betting market showed the fastest growth in all commercial gaming segments, with a staggering 75% increase in revenue year-on-year.

This growth is more than that of all other streams of gaming revenue combined. This includes slots, table games, and iGaming. 

In this infographic from Roundhill, we explore this explosive growth and the factors that are driving it.

What is Driving this Growth?

Legalization, innovation around the user experience, and other new business opportunities are all factors that are driving growth in the sports betting industry.

State-Level Legalization

Legalizing sports wagering at the state level has been a pivotal factor in this equation.

The federal ban was lifted in 2018. Since then, it has become live and legal, in-person and online, in 19 states as of 2020, and 33 states as of 2023.

Additionally, it’s now legal to bet online but not in person in Kentucky and Tennessee. Hence the entire industry in these states is being driven entirely by digital betting.

Innovative Technologies

This frictionless experience is proving to be quite the appeal to consumers, with 86% of sports wagers now being placed online.

In addition to mobile betting, other features are enhancing the sports wagering experience, such as:

  • In-play betting
  • Artificial intelligence (AI) and machine learning (ML) to increase prediction accuracy
  • (Read more...)

Thematic Investing: 3 Key Trends in Cybersecurity

by Marcus Lu
This post is by Marcus Lu from Visual Capitalist

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Global X Cybersecurity ETF

The following content is sponsored by Global X ETFs
Global X Cybersecurity ETF

Thematic Investing: 3 Key Trends in Cybersecurity

In 2020, the global cost of cybercrime was estimated to be around $945 billion, according to McAfee.

It’s likely even higher today, as multiple sources have recorded an increase in the frequency and sophistication of cyberattacks during the pandemic.

In this infographic from Global X ETFs, we highlight three major trends that are shaping the future of the cybersecurity industry that investors need to know.

Trend 1: Increasing Costs

Research from IBM determined that the average data breach cost businesses $4.2 million in 2021, up from $3.6 million in 2017. The following table breaks this figure into four components:

Cost ComponentValue ($)
Cost of lost business$1.6M
Detection and escalation$1.2M
Post breach response$1.1M
Notification$0.3M
Total$4.2M

The greatest cost of a data breach is lost business, which results from system downtimes, reputational losses, and lost customers. Second is detection and escalation, including investigative activities, audit services, and communications to stakeholders.

Post breach response includes costs such as legal expenditures, issuing new accounts or credit cards (in the case of financial institutions), and other monitoring services. Lastly, notification refers to the cost of notifying regulators, stakeholders, and other third parties.

To stay ahead of these rising costs, businesses are placing more emphasis on cybersecurity. (Read more...)