While there is also growing hope that large states such as Texas, Florida, and California could legalize online gambling by the end of the year. As an example, discussions about legalizing online gambling have recently been making headlines in New York. A fast-growing industry that was worth $203 billion in the United States at the end of 2020.įurthermore, as more states are set to legalize online sports betting and online casino games. One reason why Bally Corporation's share price is likely to rise is that it has recently invested heavily into online sports wagering. While the company's share price was adversely affected by the Covid-19 pandemic, Bally's Corporation is forecasted to make a quick recovery in 2021. Besides owning and operating 10 casinos which are located across six states, Bally's Corporation also owns horse racing tracks in 7 states across the country. Bally's Corporation was originally named Twin River Worldwide and became Bally's Corporation when it acquired the well-known Bally's casino brand.
