Online sports betting is on the rise for the last few years. As sports enthusiasts are widely spread around the world, live bet on live sports is played remotely. There are four factors that recommend to kickstart online sports betting business.
Increased Market Value:
Online gambling has seen solid and steady growth in recent years. According to H2 gambling capital’s report, 2013 was about £23.7bn and is set to reach nearly £40.bn by 2020. Another positive sign of the online gambling market is that the average CAGR is expected to hit 11.2% in 2020.
Rise of Regulated Market:
Many world governments are considering the idea of regulating gambling market and decided to cut out strict gambling rules. This approach of gambling-friendly regulation is to increase business opportunities across the globe.
New Technologies for Mobile Gaming:
The current generation uses smart devices and is very much interested in integrating new technology in their daily life. Chances are high for people to use their mobiles for online gambling and expect the best sports betting app in the market. As mobile games are considered as the most downloaded apps, new technologies for mobile gambling software will be implemented.
Convenience of Online Gambling:
People are attracted to convenient online gambling than visiting Casinos or Clubs. Playing sports betting through online provides ease, comfort and speed. As people don’t have the need to leave their comfort zone, they prefer to play online using sports betting website or a gambling software.
