Maxim magazine launches gaming site MaximBet

Recognizing the growth of the online gambling industry in the United States, media brand Maxim has partnered with industry giant iGaming to host a betting website in online betting states.

carousel group announced the partnership in early April, and then Maxim published an announcement to readers of its website. MaximBet.com will become a sports betting site and online casino .

Maxim enters the gambling business

Maxim, best known for his men's magazine, is making a foray into online gambling to capture a significant portion of the growing US market.

As part of the partnership, Carousel also announced a $50 million funding round from xSigma Entertainment Limited, to help sponsor the MaximBet venture. Daniel Gretzer, CEO of Carousel Group , stated the following:

Maxim has established itself as a preeminent lifestyle brand over the past 25 years. Together with Carousel's extensive experience in online betting. we will be able to create a new powerful gambling brand.

Daniel Gretzer

Karusel Group and MaximBet

Carousel Group, founded in 2017 as a global casino and sports betting company, recently shifted focus to the US market . The company launched its core brand SportsBetting.com last year in Colorado.

Earlier this year, Carousel entered into an agreement with Caesars Entertainment O expanding its operations in three other states . Indiana, Iowa, and New Jersey will soon have Carousel online gambling sites.

The carousel also seeks to enter the industry in other states that have legalized online gambling or are pending legislation to regulate online gambling. Gretzer believes Carousel will bring in four or five more states next year.

The rise of the sports betting and online casino industry

MaximBet will enter the US online betting industry, which is becoming more competitive every day. They will stand up to more established companies like DraftKings and Betfair-FanDuel .

But while many of these companies capitalize primarily on the fantasy sports and event betting market segment, Carousel also sees potential in the online casino space.

Most of the 15 US states that host betting sites also allow online bookmakers, but only in five states have online casinos. This indicates growth potential in the casino sector.

Future of MaximBet in the USA

Maxim attracts more 2 million US readers and 4 million website visitors to the new online betting project. Most of its readers are men, and about 90% Sports Bettors - Men . Experts expect that by 2025 the US online gambling market will bring 10 billion dollars a year and almost 60 billion dollars to be repaid.

Maxim is the latest player in the American online gambling scene, an industry that is becoming more and more attractive to investors and large companies. This step is also the newest indicator the growing confidence of the business community in the popularity and growth of Internet rates in the United States.

Maxim Magazine's post launches gambling site MaximBet first appeared in US online casinos.

Source: onlineunitedstatescasinos.com