Since the 2018 repealing of PAPSA, sports gambling revenue has seen explosive growth
From 2018 to 2023 Gross Gambling Revenue has increased from $400 million to $11 Billion respectively with expectations to grow even more in 2024.
Fueled by expanding legalization
1 in 5 Americans have placed a sports bet in the last 12 Months
The growth of sports betting isn’t happening in isolation. The integration of entertainment, media, and social media plays a massive role in expanding this industry. Partnerships between sports betting platforms and media companies, influencers, and even sports leagues are becoming a driving force behind user acquisition and retention.
Real-Time Engagement: Mobile technology supports in-play betting by providing instant updates and allowing users to react to live game events.
Seamless Access: Mobile apps enable users to place bets from anywhere, making sports betting highly accessible and expanding the user base.
User-Friendly Design: Mobile platforms prioritize easy navigation, improving user experience and increasing overall engagement.
Attracting Younger Audiences: eSports betting appeals to younger, tech-savvy demographics, diversifying the traditional sports betting market.
Real-Time In-Game Betting: Bettors can wager on specific in-game events, with real-time data driving dynamic odds throughout the match.
Continuous Engagement: Esports offers global, 24/7 betting opportunities, providing constant interaction for users across time zones.
Dynamic Odds: AI-driven platforms generate real-time odds that adjust as games progress, creating more accurate and engaging betting opportunities.
Personalization: AI analyzes user behavior to deliver personalized betting suggestions and promotions, enhancing user satisfaction and retention.
Security: AI detects suspicious activity in real time, helping to ensure compliance and maintain trust in betting platforms.
More Betting Opportunities: AI powers virtual sports and simulated reality leagues, generating continuous, real-time events allowing users to place bets even when live sports are unavailable.
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Since the 2018 repealing of PAPSA, sports gambling revenue has seen explosive growth Early Gross Gambling Revenue From 2018 to 2023 Gross Gambling Revenue has increased
Since the landmark Supreme Court decision in 2018 to repeal the Professional and Amateur Sports Protection Act (PASPA), the online sports betting (OSB) market in
