The sports betting industry has a great future ahead. Even when, the world was completely shattered by the Covid- 19 pandemic, many online bookmakers continued to operate. Several studies report that online sports betting is capable of expanding further.
Now, let’s check what will the future of the sports industry look like.
The future of the sports betting industry relies on on-game betting or microbetting. Now, sportsbook, across the world has access to real-time statistics and these online bookmakers will provide the data to bettors. Bet on something like the result of an individual turn at-bat. In fact, possibilities for microbetting are actually endless. All these lead to increased overall sports betting revenue and also to more people who are checking out the sports across the globe.
Another trend in sports betting that has been observed over the past few years is live streaming. The social distancing rules and Covid-19 related lockdowns forced people all over the world to stay indoors for a long time, resulting in a 50% surge in live streaming. Various mobile communication technologies coupled with a cost-effective and reliable internet connection will also be a trend in the sports betting industry.
Other major trends that will shape the sports betting industry includes
Acceptance of Cryptocurrency – It is expected that the online casinos and bettors will accept cryptocurrency as a payment method and will include them in their apps.
Incorporating Virtual and Augmented Reality (VR/AR) – Meta’s recently announced that, they are considering building a metaverse. As a result, VR / AR has become even more in the limelight and goes on driving better immersion in games. In fact, casinos, like PokerStars Sport, are now offering many products and features of VR, which include gesture imitation, 3D avatars, the opportunity to interact online, and more.
Betting on Esports – It offers data-driven customer experiences, more precise betting, and better chances for in-game wagering. Hence, it is definite that betting on esports will make a great difference.
Playing Games through Wearables – With the increased popularity and numerous benefits it offers, this new kind of device is being widely used in the gambling industry. A smartwatch that is closer to the body than a smartphone is always in the mind of users. So, there are chances that users will play games even while waiting in line. The design of wearables available these days can make the gaming experience more attractive than a smartphone, as the player no longer has to be concerned about having too many buttons and only need to watch the information for the game.
Safer Gambling – New, safer gambling rules continue to be enforced which are capable of shaping the online gambling experience designs. Instead of waiting for new legislation to be declared and upgrading the products, game operators are now taking an increasingly aggressive stand that includes incorporating safer games into all levels of the product development process.
It is definite that with these trends many people will get too excited and jump into online sports betting.