The sports betting industry has made more than a chlorine-filled splash this year, and as a result of the pandemic, it’s evident that the growth of the industry has skyrocketed in popularity once again.
However, the sector has held the number one spot for quite some time, according to extensive research and in-depth knowledge about all things related to sports betting.
The sports betting market has seen a resurgence in its popularity. It is now the biggest market share holder, ahead of poker (5%), casino (24%), and bingo (7%)
With an astounding 49% market share, sports betting has become an investment for many looking to diversify, or simply add to their portfolios, where their business is able to thrive within a proven ‘evergreen market.’
Sport betting has taken the world by storm
In a world where numbers are king, it makes sense that investors and operators are flocking to the sports betting industry, and it’s because they often feel that it’s a win-win situation, as there’s no arguing with numbers.
These numbers show that operating countries all over the globe have created a significant revenue stream. They also demonstrate how many organizations comply with regulations and law.
In making sure that operators can influence ‘safer gaming’, sportsbook software providers aren’t only in the game of sports betting for numbers, they’re there for the people that create and support the industry that’s well-loved by many.
Bettors are at the heart of everything providers and operators do, from being able to customise sports content to player specials, it’s all about making sure the gamer is happy. Statistic and data such as wthiss show that many need to remain happy, satisfied, and coming back for more.
This is why operators look to providers for their manual-aspect backend, customisable front layer and access to several data providers that reduces the risk of site-surfing… all the while, offering operators a state-of-the-art risk management system. The details are what make the sport betting industry successful.
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