Jeeve Jeyaratnam, COO of Abelson Odds, believes gambling is far from “recession-proof” and questions the increasing popularity of betting in one sport.
THERE are a number of externally-influenced challenges on the horizon for 2023. Everyone is enduring the pinch meted out via the cost of living crisis. “Gambling is recession proof” is an oft-recited trope, but quite honestly, this time it feels different.
The full force of stagflation in the UK, Eurozone and Americas is already causing chaos, with many operators in the US shutting up shop mere months into operations. The betting ecosystem is small enough that the tailwinds are sure to impact operators here, even those without US exposure.
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