3 online industries that are thriving in the 2020s
There are 3 online industries that are thriving in the 2020s. Covid-19 took its toll on global economies. Some businesses were able to thrive due to the convenience of being online.
Online gambling had experienced a rise in popularity in the previous decade. US sports betting revenue amounted to over $900m in 2019. Football is the most popular sport in US.
The overturning of federal law in 2018 has contributed to the growth of sports betting online in the US. About 30 states have legalized sports gambling, 21 of them allow online betting. Online bettors are expected to pay federal income tax on all winnings and could owe state taxes too.
There is a boom in the number of online bookmakers offering sports betting. The best sites offer attractive welcome bonuses and player promotions. Some sports bookies offer the option of wagering on casino games.
There are 3 online industries that are thriving in the 2020s: social media, home entertainment platforms and video conferencing platforms. People are more comfortable with mobile apps, smart TVs and live streaming. Netflix, Prime and Spotify have entered most of our homes. Facebook and Instagram are popular because they provide people with the ability to keep in touch and updated with what is happening around the world.
There is a huge shift to online retailing from clothes and food to cleaning and household essentials. Food retailers realized the potential for online delivery services. We're becoming a world of convenience shopping where almost everything can be bought online and delivered to our doorstep.
