Winners (WNRS) Hopes to Build on Recent Progress with Expansion of Services into the Multi-Billion $ Horse Racing Industry
McapMediaWire-Winners, Inc. (OTC:WNRS) through its operating subsidiaries,provides sports betting enthusiasts with high-quality content,analysis, research, data, and guidance for popular betting sports,announced today that it has agreed to terms with a leading entity inthe Horse Racing Industry for Winners’ expansion of its handicappingservices into this Multi-Billion Dollar industry.
Wayne Allyn Root,CEO of Winners Inc., stated, “As I have mentioned before, we’reaggressively executing our strategy for growth, and this excitingdevelopment in negotiations holds great promise for our company. Ifand when completed, this transaction will represent a significantmilestone among the many that are planned ahead and is expected to addanother growing revenue stream to our financial picture. I lookforward to bringing out further updates on our progress in the comingweeks."
TheGlobalHorse Racing Marketsize was valued at $ 300 billion in 2019and is expected to grow significantly over the next decade. Theanalysts have been monitoring the horse and sports betting market andit is poised to grow by $ 139.52 billion during 2020-2024 progressingat a CAGR of 9% during the forecast period.
With millions ofspectators worldwide, the horse racing industry has maintained itspopularity for centuries. Now a multi-billion-dollar market, thissporting event shows no signs of slowing down. Horse racing is one ofthe most widely attended spectator sports in the USA and thesecond-most popular spectator sport in the UK, coming only behindfootball. Approximately six million people attend the races each yearin Britain alone. Further afield, horse racing is very popular inFrance, Australia, the USA, Canada, Hong Kong, and Malaysia, while inJapan, fans are known to sleep in the queue for big events. Horseracing is one of the most popular spectators' sports attractingmillions of people each year.
Some of the key points from theHorseRacing Industryinclude:
- Total wagering handle topped $12.2 billion in2021, an 11.86% increase over 2020
- U.S. purses exceeded $1.1billion, a 35.77% increase over the previous year
- U.S. racedays and total races jumped by more than 20% over lastyear
- The average field size contracted from 7.94 to 7.37, a7.20% decrease
- The average purses per race day increased byover 10% to just shy of $290,000
VegasWinners is a licensed sports gamblingaffiliate that intends to drive traffic to gaming operators forcommission. VegasWinners is currently licensed in several states andhas made application in additional states. It is the intent ofVegasWinners to get licensed in all states that allow online sportsgambling. To date online sports gambling has been legalized in;Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas,Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nevada, NewJersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, WashingtonDC, West Virginia, Wyoming & Ontario.
The global sports betting market accountedfor USD 83.65 billion in 2022 and is expected to expand at a compoundannual growth rate (CAGR) of 10.3% from 2023 to 2030 as reported byGrand View Research. The demand for sports betting is driven byfactors such as the major shift in the regulatory landscape of theglobal gambling sector, the penetration of connected devices, and thedeveloping digital infrastructure. The global sports sector has beengreatly influenced by the COVID-19 pandemic due to restrictions onsporting activities across the globe. However, online sports bettinggained popularity during the pandemic due to an upsurge in eSports andsimilar forms of betting. In addition, increased usage of smartphoneshas led to the wide availability and accessibility of sports betting,consequently propelling the global market. For instance, according toa recent survey from Uplatform, a sports betting and casino operatingplatform, mobile devices accounted for about 70% of online bettingrevenue in 2020.
ABOUT WINNERS, INC.
Winners, Inc. (OTC: WNRS) through its subsidiariesis engaged in the business of sports gambling research, data, advice,analysis and predictions utilizing all available media, advertisingformats and its database of users. Revenues are expected to acceleratedue to the explosion of sports handicapping arising from the 2018Supreme Court decision that States have the right to approve sportsgambling and the resulting State by State rapid approval of sportsgambling. Its Subsidiaries:VegasWinnersis aregistered sports gambling affiliate that intends to drive traffic togaming operators for commission. VegasWinners is currently registeredin West Virginia, Indiana, Colorado, New Jersey, Tennessee,Pennsylvania and able to operate in New York, Nevada, Mississippi,Wyoming, Illinois, Iowa, Louisiana and has made application in severaladditional states; TheLongShot Reportis a rapidly growing internet/online subscription-based company thatgives advice on sports picks for fantasy and sports betting includingbut not limited to football, basketball, baseball, hockey and golfwith an online platform and mobile app available for download at theApp Store and Play Store. For more information, please visit theWebsitesVegasWinnersand TheLongShot Report.
SAFE HARBORSTATEMENT
This press release contains forward-looking statements that canbe identified by terminology such as "believes,""expects," "potential," "plans,""suggests," "may," "should," "could,""intends," or similar expressions. Many forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors that may cause actual results to be materially different fromany future results implied by such statements. These factors include,but are not limited to, our ability to continue to enhance ourproducts and systems to address industry changes, our ability toexpand our customer base and retain existing customers, our ability toeffectively compete in our market segment, the lack of publicinformation on our company, our ability to raise sufficient capital tofund our business, operations, our ability to continue as a goingconcern, and a limited public market for our common stock, among otherrisks. Many factors are difficult to predict accurately and aregenerally beyond the company's control. Forward-looking statementsspeak only as to the date they are made, and we do not undertake toupdate forward-looking statements to reflect circumstances or eventsthat occur after the date the forward-looking statements are made.
Brian Foy, Chief Marketing Officer
