The future of sports gambling is a hot topic in the industry right now. With the recent legalization of sports betting in many states across the US, the industry is booming and experts are looking ahead to see what’s next.
One key figure in the industry, Joe Asher, CEO of William Hill US, believes that the future of sports gambling lies in technology. In an interview with CNBC, Asher stated, “The future of sports gambling is all about mobile betting and in-play wagering. These are the areas where we’re seeing the most growth and where we expect to see even more in the coming years.”
Asher’s sentiments are echoed by many other experts in the industry. According to a report by MarketResearch.com, the global online gambling market is expected to reach $92.9 billion by 2023, with mobile gambling accounting for a significant portion of that growth.
But what does this mean for the average sports bettor? Well, for one, it means more convenience and accessibility. With the rise of mobile betting apps, bettors can place wagers from anywhere at any time. This has led to an increase in the number of people participating in sports gambling, as it’s now easier than ever to get in on the action.
However, with this increased accessibility comes concerns about problem gambling. According to the National Council on Problem Gambling, about 2% of adults in the US are considered to have a gambling disorder. With the rise of online gambling, experts worry that this number could increase in the future.
To combat this issue, many industry leaders are calling for more responsible gambling measures to be put in place. Asher, for example, has stated that William Hill US takes responsible gambling seriously and has implemented measures such as self-exclusion programs and limits on deposits to help prevent problem gambling.
In conclusion, the future of sports gambling is bright but comes with its challenges. With technology leading the way, bettors can expect more convenience and accessibility in the coming years. However, it’s important for both industry leaders and bettors themselves to prioritize responsible gambling to ensure a safe and enjoyable experience for all.