{"id":218,"date":"2021-05-17T16:20:28","date_gmt":"2021-05-17T13:20:28","guid":{"rendered":"https:\/\/xxbet-company.com\/japan-reportedly-mulling-sports-betting-expansion-by-2024-could-be-65b-market\/"},"modified":"2021-05-17T16:20:28","modified_gmt":"2021-05-17T13:20:28","slug":"japan-reportedly-mulling-sports-betting-expansion-by-2024-could-be-65b-market","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/pl\/japan-reportedly-mulling-sports-betting-expansion-by-2024-could-be-65b-market\/","title":{"rendered":"Japan Reportedly Mulling Sports Betting Expansion by 2024, Could Be $65B Market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Spis tre\u015bci<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/pl\/japan-reportedly-mulling-sports-betting-expansion-by-2024-could-be-65b-market\/#Japan_Sports_Betting_Landscape_Is_Attractive\" title=\"Japan Sports Betting Landscape Is Attractive\">Japan Sports Betting Landscape Is Attractive<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/pl\/japan-reportedly-mulling-sports-betting-expansion-by-2024-could-be-65b-market\/#Speaking_of_Operators%E2%80%A6\" title=\"Speaking of Operators\u2026\">Speaking of Operators\u2026<\/a><\/li><\/ul><\/nav><\/div>\n<p>Japanese policymakers are rumored to be holding internal talks about expanding the country\u2019s regulated sports betting offerings to include the popular baseball and soccer leagues \u2014 a move that, if made, could result in a sports wagering market worth an estimated $65 billion.<\/p>\n<figure aria-describedby=\"caption-attachment-172065\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-172065 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-142x95.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-142x95.jpg?x38396\" alt=\"Japan sports betting\" width=\"1200\" height=\"799\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-1024x682.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-1536x1023.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-2048x1364.jpg 2048w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-172065\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-142x95.jpg?x38396\" alt=\"Japan sports betting\" width=\"1200\" height=\"799\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-1024x682.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-1536x1023.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-2048x1364.jpg 2048w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/japan-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">Scenes from Japan\u2019s Nippon Professional League. The country is rumored to be mulling a big sports betting expansion. (Image: <em>Bleacher Report<\/em>)<\/figcaption><\/figure>\n<p>Unidentified sources tell the <i>Financial Times <\/i>wagering on the Nippon Professional League \u2014 one of the world\u2019s most competitive baseball associations after Major League Baseball (MLB) \u2014 could happen as soon as 2024, with broader betting on J-League soccer occurring in the same year.<\/p>\n<p>Betting on the J-League is currently permitted under a lottery-style system known as \u201cToto.\u201d But that\u2019s far different than traditional <a href=\"https:\/\/www.casino.org\/news\/canada-is-embracing-single-gaming-sports-betting-coup-for-thescore\/\" rel=\"nofollow noopener\" target=\"_blank\">single-game wagering<\/a>.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The advantage to the Toto system is that people who want to play don\u2019t really have to know anything about the sport,\u201d according to Japan Visitor. \u201cThe sports dailies usually offer their picks, although randomly picking the winners seems to be just as effective as researching who is going to win.\u201d<\/p>\n<\/blockquote>\n<p>Japan also has an eight-team professional basketball association \u2014 the Japan Basketball League \u2014 and golf is popular with the local population. But it\u2019s not immediately clear if those sports are part of the plans being discussed by lawmakers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Japan_Sports_Betting_Landscape_Is_Attractive\"><\/span>Japan Sports Betting Landscape Is Attractive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Today, sports betting isn\u2019t off-limits in the Land of the Rising Sun, but it\u2019s confined to cycling, horse racing and motorboat and motorcycle racing.<\/p>\n<p>Aside from horse racing, those sports aren\u2019t popular with American bettors. But as <a href=\"https:\/\/www.casino.org\/news\/sports-betting-app-downloads-surge-in-march-fanduel-draftkings-lead\/\" rel=\"nofollow noopener\" target=\"_blank\">is the case in the US<\/a>, online betting is taking off in Japan. In 2019, those wagering on those four sports combined for $55 billion in revenue, according to the <i>FT<\/i>.<\/p>\n<div class=\"callout\">\n<p>And, like the US, particularly before the 2018 <a href=\"https:\/\/www.casino.org\/news\/ohio-officials-weigh-in-on-1b-net-revenue-record-at-racinos\" rel=\"nofollow noopener\" target=\"_blank\">Supreme Court ruling<\/a> on the Professional and Amateur Sports Protection Act (PASPA), experts and industry observers argue Japanese gamblers are already sending billions of dollars a year to offshore sportsbooks. The bulk of those wagers are directed to the Nippon Professional League and J-League games.<\/p>\n<\/div>\n<p><strong>Home to the world\u2019s third-largest economy, strong disposable income, tech-savvy citizens, and already enthusiastic gamblers, Japan makes for a desirable market for sportsbook operators.<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Speaking_of_Operators%E2%80%A6\"><\/span>Speaking of Operators\u2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some analysts are speculating about which operators stand to the benefit the most if Japan expands regulated sports betting, with MGM Resorts International (NYSEARCA:MGM) and Entain Plc (OTC:GMVHY) coming to mind.<\/p>\n<p>The reasoning behind that thesis is simple. The Bellagio partner and local partner Orix are the only group competing for an <a href=\"https:\/\/www.casino.org\/news\/mgm-remains-lone-operator-in-osaka-casino-competition\/\" rel=\"nofollow noopener\" target=\"_blank\">integrated resort license in Osaka<\/a>, and are widely viewed as likely winners of one of Japan\u2019s first three casino permits.<\/p>\n<p>Should MGM gain that approval, it would likely pursue bringing the booming BetMGM brand, on which Entain is its 50\/50 partner, to Japan if sports betting expands there.<\/p>\n<p><strong>\u201cIf MGM were to win the casino license and sports betting were to be legalized, we believe Entain could work with MGM to develop this market,\u201d according to UK research firm Peel Hunt.<\/strong><\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/japan-sports-betting-expansion-could-lead-to-65-billion-market\/\" target=\"_blank\">Japan Reportedly Mulling Sports Betting Expansion by 2024, Could Be $65B Market<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Japanese policymakers are rumored to be holding internal talks about expanding the country\u2019s regulated sports betting offerings to include the popular baseball and soccer leagues \u2014 a move that, if made, could result in a sports wagering market worth an estimated $65 billion. Scenes from Japan\u2019s Nippon Professional League. The country is rumored to be <a href=\"https:\/\/xxbet-company.com\/pl\/japan-reportedly-mulling-sports-betting-expansion-by-2024-could-be-65b-market\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/posts\/218"}],"collection":[{"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/comments?post=218"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/posts\/218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/media\/219"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/media?parent=218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/categories?post=218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/pl\/wp-json\/wp\/v2\/tags?post=218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}