The coronavirus outbreak saw all major sports leagues, including the English Premier League, suspended indefinitely and the European Championships and Olympics being postponed to next year.
The door was then opened for online poker, casino, eSports or other verticals to fill the void.
Vertical sports betting, in particular has become popular with players who are only required to wait between 90 seconds and 3 minutes in most instances in order to have the result of their bet come through without it being necessary to have knowledge on the sport to play.
Long before the coronavirus outbreak, Martin Wachter, the Chief Executive Officer of virtual sports supplier Golden Race, revealed that virtual sports have the potential to exceed sports betting revenue.
It would appear as though Virtual sports has proven itself to be a profitable business due to consistent margins and low operating costs, which are likely to continue once sports betting returns, as players become more familiar with virtual sports.
Virtual sports became very beneficial for operators during the coranavirus pandemic with companies that did not introduce virtual sports and virtual games suffering an ever higher decline in business.
In April, sports betting solutions provider ExeFeed released its virtual product Simulated Reality Football, in an endeavor to help fill the void of sports betting.
Brooks Pierce, the President and COO of Inspired Entertainment commented that virtual sports can fill the void of live sports with ultra-realistic content and with attractive betting options that sports wagering fans are used to and can easily adopt.
