Last updated on March 11th, 2020 at 12:52 pm
Some sports news you read will have familiar names – these would be sponsors or partners of sports leagues and teams. And these partners are from the sports betting industry. And with all the money pouring in for advertising and marketing, you can easily tell that these sports betting companies know that the industry is only going to get better.
Most people are getting in the industry, and are cornering their own markets. Some are specific, such as Korean sportsbook operations, while some are a bit more general. Those who are new are a bit wary since they don’t know how to manage and make sports betting odds, but modern sportsbooks can definitely help with this.
Sports Betting Industry
For those who are still looking for a site to bet on, there are some really good sports betting reviews that you can read to learn. And the earlier you get, the better. Because according to Zion Market Research’s report, the global sports betting market will be worth around $155.49 billion by 2024. This is a huge leap from the market back in 2017 at $104.31 billion.
The report looks at different markets, particularly geographic breakdowns of numbers in Asia, the Middle East, the US, the US, and other European countries, Latin American countries, African countries, and more.
One of the reasons why this market is growing fast, is that a lot of countries are slowly allowing and regulating the sports betting industry in their areas. But another reason, which hits closer to home, is the presence of online sportsbook operators. This means that you no longer have to go to the corner street or the casino to meet with your bookie. Instead, you log in, place your bets, and wait for the results.
The development of modern technology has allowed operators to bring the gambling experience straight into their hands. And as it is, we are expecting to see an 8.83% in Compound Annual Growth Rate.
