billions of dollars have been lost (betting, broadcasting rights, tickets, and merchandises) because sporting events have been postponed waiting for vaccines to appear. sports matches without spectators must be done (to support "NEW NORMAL" & and slow the spread of COVID-19)..
Then again, even without any spectators, there would still be money lost right? I mean, tickets and merchandises take up a huge part of the profit of the sports matches if you remove broadcasting rights. Still, I guess it's better than nothing though, they can still sell the broadcasting rights and probably makeup merchandise that could be delivered to certain areas, but still, that's a huge loss. I just really really hope they do this properly. I've been missing my fair share of leagues right now.
It's difficult to think that all industries will wait for that vaccine before considering resuming or re-opening as what I also trying to point out on one of my created threads here.
Even the vaccine will be made, expect several months after the successful creation before it can be available to all countries as it's not easy to reproduce and distribute. While waiting for the vaccine, which is currently on progress, it's good to go back to business while following the safety health guidelines. We should not allow the virus to just freeze all business.
As for betting, no changes at all. We can still bet online even in the new normal just like we always did before.
It's difficult to think yes, but they have to, or at least, half the normal rate of work they normally have. We'd be entering a state of something like stagnation or something. Following safety health guidelines doesn't guarantee that the spread would stop. Seriously, just in our place, social distancing is an imaginary thing. We are human in the end, without adjusting to the new norm, more and more cases would probably crop up whether we like it or not.