As one of the most special Sports betting activities, wagering on sports is a popular trend here to stay. With the new year approaching fast, what will the predictions be? What sport will face the most traction? Which game will attract punters? Is sports betting here to stay? Find out in this article below now!
SPORTS BETTING – WHAT THE SPORTSBOOKS FORECAST FOR 2023
Sports betting is a bustling activity that has been rising for years. Thanks to the COVID-19 pandemic, punters have used this opportunity as a distraction and entertainment. Experts predict the size of the sports betting market reaching a 9.7% CAGR and $106.25 between 2022-25.
The hotspots of sports betting are China, the US, the UK, Australia, Singapore, and France. With a vast array of globally popular sports, it is no wonder that punters flock to these countries to get the best of sports betting.
Are you wondering which sport will make the most money in 2023? Each year, the answer changes. In 2022, the FIFA World Cup was a significant factor in the wild success of the football betting faction. check out basketball, tennis, or football analytics. For example, find out how your favourite sport is fated to play out in the new year.
Of course, it isn’t just live sports betting bringing in the big bucks. Wagerers can also bet on popular video games, awards seasons, fantasy sports, eSports and horse racing not on Gamstop. You can also bet on the more innocuous aspects, such as the weather, entertainment, etc. This list is by no means exhaustive – betting on sports requires you to choose a sport beforehand, which seems a difficult task.
The popularity and increase in the awareness level of sports betting is made possible with the help of cryptocurrency. The most modern technology behind blockchain-based betting and cryptocurrency is ensuring worldwide focus on currency and sports betting. With the estimated growth rate for the year 2020 set at 12.91% alone, 2023 will be genuinely fruitful indeed.
Following this, integrating various mechanisms into sports betting is also altering its form for good. Employing artificial reality/ virtual reality, online casinos, blockchain, etc., and other forms of integration, sports betting is not just wagering on your favourite sport. The very intricacies of the activity have undergone a drastic impact.
Moreover, betting legalization worldwide, including the more conservative regions in the United States, has offered a predictive growth of $144.44 billion in 2020-24. With a CAGR market growth reaching 11%, the future is bright.
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