Gambling recovered from Covid, but could now be laid low by legal hurdles Rob Davies, The Guardian · August 24, 2020 at 7:12 am The house always wins, even in the midst of a pandemic. In the early days of lockdown, as the stock market lurched into stomach-churning freefall, the share prices of Britain’s gambling powerhouses also tanked. The cancellation of sports events cut off the steady revenue stream that many had come to enjoy, not just from horse racing but, increasingly, from football betting, which typically involves small stakes but extremely high volumes. With no certainty over the return of sport – and of the football cash cow in particular – the immediate future looked bleak. Since then, two things have happened.