The future of sports betting is an exciting topic that has been gaining a lot of attention in recent years. With the legalization of sports betting in many states across the US, the industry is expected to grow exponentially in the coming years. So what can we expect in terms of predictions and trends to watch in the world of sports betting?
One key trend to watch in the future of sports betting is the rise of mobile betting. With the convenience of being able to place bets from your smartphone or tablet, more and more people are expected to turn to mobile betting as their preferred method. According to industry experts, mobile betting is expected to account for a significant portion of all sports bets placed in the future.
Another trend to watch in the future of sports betting is the use of data and analytics to inform betting decisions. With the rise of advanced statistics and analytics in sports, bettors are now able to make more informed decisions when placing their bets. According to John Holden, a sports betting expert, “Data and analytics will play a crucial role in the future of sports betting, helping bettors make more strategic and profitable bets.”
In terms of predictions for the future of sports betting, many experts believe that the industry will continue to grow and evolve in the coming years. According to a report by Grand View Research, the global sports betting market is expected to reach $155.49 billion by 2024, growing at a CAGR of 8.83% from 2019 to 2024.
One key prediction for the future of sports betting is the increasing legalization of online betting in more states across the US. As more states legalize online sports betting, the industry is expected to see a significant increase in revenue and popularity. According to David Schwartz, a gambling historian, “The future of sports betting is bright, with more states expected to legalize online betting in the coming years.”
Overall, the future of sports betting looks promising, with exciting trends and predictions on the horizon. Whether it’s the rise of mobile betting, the use of data and analytics, or the increasing legalization of online betting, there’s no doubt that the industry is set to continue its growth in the years to come. So keep an eye out for these trends and predictions, and get ready to place your bets on the future of sports betting!