While sports betting has only recently been made legal in the US, and there are still many states yet to legalise, it’s safe to say the industry is booming. In fact, post total legalisation, the US online sports betting market is expected to become the largest in the world. Sometimes, things move at such a pace that it can feel impossible to keep up with new tech and trends. So, where is sports betting going to be in the future, and how will it affect those of you currently backing your favourite teams on websites like Caesars Casino and Sports book NJ?
More sports fans
Now that people have the chance to bet on sport, experts are predicting that more and more viewers will start tuning in. What does that mean? More sports fans! Sports betting adds a new dimension to sporting fixtures that will appeal to a larger audience. And, with more fans comes more money. A study commissioned by the American Gaming Association (AGA) found that legal sports betting is likely to generate an additional $4.2 billion in revenue for the major sporting leagues in the USA – the NBA, NFL, MLB and NHL. While salaries will inevitably get bigger, we predict we’ll also see bigger stadiums, more coverage and added spectacle as we move forward. Also, as audiences grow – expect to see more gambling-focused sports broadcasts on your TV.
Sports betting goes mobile
As with most industries, expect the future of sports betting to take place entirely online, and more specifically via people’s mobile phones. Looking even further ahead, experts are predicting that it won’t actually be the humans doing the sports betting in real time. Instead, bots will be placing the bets on behalf of humans – and given bots’ capacity to analyse data and utilise algorithms to generate accurate predictions, this is set to become the standard way of betting on sports. Also, with demand growing and an enormous amount of money to be made from the millions of people who take to sports betting, expect to see large tech companies evolving into mega bookmakers.
Sports betting as business
As the sports betting industry grows and becomes international, it’s possible that sports betting could evolve into its own kind of stock-market. With intelligence in place that helps people to win, investing in sports betting could become a shrewd move if done correctly. New investment tools and platforms are already popping up, transforming sports gambling into a viable financial market for clients across the US. In practice, this would involve companies akin to hedge-funds picking betting lines for their clients, rather than investing in stocks.