Gambling will help the NY Giants recoup lost money from pandemic
Just last month Forbes listed the richest sports franchises and the New York Giants came in at number nine with a value of $4.3 billion.
With sports betting now being legal in the state of New Jersey and New York, the Giants will be able to tap into another revenue stream that will increase their wealth. Bookies.com projects that New York will become one of the most revenue-rich teams in the NFL by the year 2025.
The New York Giants ($695.8 million) and Houston Texans ($671.67 million) round out the top five in fourth and fifth place, respectively, while the Philadelphia Eagles ($650.43 million) finish sixth.
For longest time gambling was heavily restricted and now that most of those restrictions are gone, the Giants as well as many of NFL franchises will continue to rake in a lot of money in a league that already counts money by the billions.
Despite the COVID-19 pandemic hurting the bottom line of the Giants as well as other teams around the league, gambling profits will be an easy way for them to “recover.”
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