The pandemic caused millions to lean in to good old-fashioned bad behavior. Two years later, business has never been better for cannabis, gaming and porn—and the high times are here to stay.
“People were cooped up for, depending on their risk tolerance, six months to two years,” says Colin Mansfield, an analyst who covers gaming and leisure at Fitch Ratings. “There was a time when there was not much to do from an entertainment perspective except go to a casino. After the shutdown people wanted to go out and have a good time and spend some money.”Annual state gambling revenue has recovered from the pandemic thanks to pent-up demand and the rise in mobile betting and iGaming.
Mansfield says the pandemic gambling boom is far from over. The industry is growing as more states are legalizing sports betting and the broader casino market is also expanding. “We’re not forecasting any strong pullback in gaming revenues,” he says. “People like to gamble. I don't think that's really going away at all.”
“We're going to see a fallout in about 10 years, not just among regular degenerates,” says Krackomberger. “I'm talking with doctors, lawyers, professionals, Wall Street guys, you’ll see—you won't be able to get into a Gamblers Anonymous meeting.”When the pandemic hit in March 2020, Maya Morena, an adult film performer and sex worker living in New York, knew she had to stop meeting clients.
348,000 creators and 13.5 million users. In 2020, OnlyFans grew revenue by 540%, hitting $400 million.
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