[youtube https://www.youtube.com/watch?v=ICqg55mtMwM?feature=oembed&w=500&h=281]

Sports betting has taken a hard hit from the COVID-19 pandemic, and companies like Betcris have had to adapt, or get crushed. Thankfully though, alternatives in sports betting, and new verticals, have kept them afloat, and CEO JD Duarte joined our Becky Liggero Fontana on the heels of the SBC Digital Summit to discuss what they are doing to bring in new revenue, and evolve their company.

The biggest problem from this crisis has been just a huge drop off in business overall. “Basically it’s a large portion of our customer base basically went to sleep,” Duarte said. “I believe they’re definitely thinking about other things, you know, health wise especially. As far as those who have either remained active or who came back, they’re betting on what’s available right now, which is like you said, Table Tennis just has been a godsend basically. And then, esports and the sports simulations have been also quite popular lately, and then there has been some crossover to the other verticals, like casino, horses.”

There is now a light at the end of the tunnel though. “We hope that as more leagues begin to return, I believe the Bundesliga is about to come back in ten days’ time, then more of our customers come back because football is definitely you know the main course,” he said. “American sports is a big important part of the diet as well and that’s really completely stopped at the time. Every little thing helps, and the surprises we’ve had with Table Tennis, I believe that a lot of operators are reporting the same behavior, especially since we have the streaming on it that has been actually a good, a pleasant surprise with our customers.”