The Rise of Online Sports Betting
With 18 states already legalizing sports betting, most industry analysts predict that 80 percent of the US will have legalized sports wagering within the next few years. The rise of sports betting in the US is a huge step forward for the industry, as it will create more jobs, a more thriving local economy, and more freedom for honest sports bettors. But why is sports betting so popular? Read on to learn more about the rise of sports betting in the US.
While there are many factors that influence how quickly the online sports betting market will grow, one of the most important is the number of large players. Robins expects there to be two or three major players in the industry. He likens it to the ride-hailing services Uber and Lyft. In the next year, DraftKings will expand into as many as two dozen states. However, the company’s growth is dependent on how many of these players the market will allow.
The explosion of sports betting has fueled the growth of companies like FanDuel. The sportsbook has partnered with professional sports teams in every state and its sportsbook app was the third-most-popular app on Super Bowl day. The rise of online sports betting has also caught the attention of sports leagues. The NBA, for example, signed a six-year deal with sports gambling website Sportradar, reportedly worth $250 million. Once more states legalize sports gambling, the amount of money the NBA is earning could easily hit the billion-dollar mark.
If you’re looking for a great way to wager on sports, you should consider joining PlaySugarHouse. This online sportsbook has everything you could want in an online sportsbook, including live betting, in-game bets, and look-ahead lines. In addition, you’ll be able to place bets on college football games and CFL games, as well as XFL games. SugarHouse is also a great place to place bets on baseball, with updated World Series odds to win divisions. Moreover, you’ll be able to enjoy a variety of betting options, including a variety of player props, which can be used to make informed decisions.
NBA’s gambling-focused simulcast
The NBA is attempting to make betting on its games a more attractive proposition for its fans. The league is launching NBABet Stream, an alternate live stream focused on sports gambling. The stream will integrate live betting odds and will be available to NBA TV subscribers. The NBA has long been concerned about the growing number of new bettors. NBA Commissioner Adam Silver has been an advocate for legalized sports betting.
William Hill US
In the U.S., William Hill has a lot riding on its US sports betting rise. The British-based sportsbook operator opened its first physical sportsbook in Illinois in August, but it was still required to register in person. Located only an hour from downtown Chicago, William Hill immediately planned to launch sports wagering online after the physical sportsbook opened. That way, it avoided an 18-month “penalty box” in Illinois.
The rise of online sports betting has become a big business in Nevada, and Caesars Entertainment is no exception. Despite a $434 million loss in the fourth quarter of 2016, Caesars is optimistic about the future and has plans to expand its sports betting operations in several states. Although the company’s Las Vegas properties are a hot bed of online sports betting, it’s important to note that Nevada is one of the least-regulated states in the country.