"It's over. Traditional sports are on the decline" - Luckbox CEO

E-sports betting company experiences lockdown boom

"It's over. Traditional sports are on the decline."

With sporting events cancelled and more people spending time at home, Island-based e-sports betting company Luckbox has seen a huge rise in bets placed during lockdown.

E-sports consist of competitive online video games such as Fifa and NBA 2K2, and many people watch and place bets on live games taking place over the internet.

Last week, the company reported a 500% increase in bets placed since lockdown measures began.

CEO Quentin Martin expects this growth to continue in the future, even as people are granted more freedoms:

Following a significant rise in its Key Performance Indicator for 2020 so far, Luckbox is looking to go public on the Canadian TSX Venture Exchange, having signed of a letter of intent with Elephant Hill Capital.

"We're very lucky to be in an industry that is not only resilient to Covid-19 but is showing some astounding growth."

"I can't say how privileged we are to not only be able to come to work, but to work in an environment that's exciting and growing."

You can listen to Mr Martin's full interview with Manx Radio's Lewis Foster below: