Since a ruling in the Supreme Court allowed states to legalize sports betting back in 2014, 30 states have embraced the opportunity. This recently resulted in what can only be described as a boost to the betting industry, which reached a high in 2021, and this year could be even bigger. But what’s behind this sudden momentum?
Sports betting is booming and according to The Washington Post will the industry keep on growing in 2022. There are many reasons why we are seeing an interest in sports betting these days. One of them is the fact that the pandemic made people find new hobbies they could do from home. But that is not the whole story. The legal landscape, digitalization of betting, and consumer habits play a large part too.
1. It’s being legalized at rapid speed
Gone are the days when you would need to travel to Las Vegas to get your gambling cravings satisfied. Today, many states welcome both in-person and online sports wagering, and clusters of sports betting states are starting to form across the country – like in the northeast, where cities like New York, New Jersey, and Philadelphia are leading the way. To learn more about the offers in these areas, go to: https://www.betphilly.com/
2. Online sportsbooks have revolutionized the industry
The next point is the digitalization of sports betting. While you used to have to queue up to place your bets in a physical location, today’s sports betting is largely online. All you need is an app, and you are good to go. Many even offer you free bets and tips when you first sign up for their sportsbook, allowing you to try it out for free. For this reason, sports betting has become more accessible to people regardless of their circumstances.
3. There are more ways to watch sports matches
Watching or reading about a sports tournament you are betting on is entertainment just like movies – but with the added perk of having a stake in the game. What seems to be one of the major appeals is the fact that sports betting allows us to engage with our favorite sport in new ways. For if you know a victory against a specific team could win you money, then you’ll be on the edge of your seat.
4. You can make a profit if you play your cards right
And that leads us to the next point: Profit. Although sports betting is unlikely to make you rich, a clever strategy and a bit of luck could earn you some money – and that can be a lot of fun. Like skills-based games, it requires you to study, practice, and test new approaches and there are always things to learn.
5. The odds keep changing
Another reason for the current momentum of sports betting in the US is the very nature of the activity. Since it deals with sports, there is always an exciting level of surprise as even the best odds can turn sour. For many bettors, this is a fun challenge to take on as it requires them to put their analytical skills and sports knowledge to good use.
Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources “Joe Joe.” he is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.