In a normal year, sports bettors would be firing away on regular season MLB games, as well as the NHL and NBA playoffs. Over the past several months of the COVID-19 shutdown, with no major U.S. sports to wager on, many professional and recreational gamblers have turned their attention (and bankrolls) to the stock market.
U.S. brokerage firms have reported a spike in retail trading activity since the sports world was forced to shut down due to the coronavirus pandemic. Analysts proclaim that a lack of pro sports betting and casino availability, more time to watch the markets, and stimulus checks have added to a rise in day-trading during the pandemic.