The online betting industry has been one that has continuously been skyrocketing year and year out, with 2021 being a perfect example of the exponential growth and potential within that world. With the proliferation of online sports betting platforms, as well as sports-based news and stats platforms like all of the premier NFL stats sites out there, all of the pieces have fallen right into place for the online betting industry.
Now, with 2022 being predicted as a year in which the online betting industry will continue to soar through the sports and entertainment worlds, especially when it comes to revenue grossing purposes, what are some of the trends that will surely shape the immediate future of the industry in 2022? Let’s take a closer look.
Cryptocurrencies Will Gain More and More Ground
Cryptocurrencies are everywhere, and if they’re not everywhere, then in 2022 it surely seems like they’ll continue to try and reach that economic global mark. With the online betting industry, the story is the same, as it’s becoming more and more apparent that all of the best online betting platforms have welcomed the use of cryptocurrencies as a new form of legal tender for their business endeavors. This has helped them gain ground on a whole new different niche of betting aficionados, who are younger than the regular wagering pundit and with a more extensive and clear understanding of how the world of cryptos works and how to make the best of it.
For 2022, the initial predictions of the effect that Cryptos will hold in the online betting industry all point out to there being even more growth in the utilization and popularity ranks of said tender option as even crypto based online betting platforms and casinos are already becoming one of the industry’s most sought after commodities. As cryptos continue to gain more and more ground in the way everything is dealt with from an economic point of view, all signs point to them becoming an even bigger player in the online betting industry.
Watch For Esports Betting To Continue Growing In Popularity
For many betting experts, the world of Esports betting is still considered a niche trend amongst a much wider and broader market that mainstream sporting options offer. But once you look at the numbers behind the levels of popularity that betting on Esports events have garnered throughout the last few years and with how experts from all around are predicting 2022 to be a year in which the Esports betting market will grow in a very exponential way, if there’s one thing that’s for sure, it’s that we are not talking about any niche trend whatsoever.
Esports is growing as fast as ever, with their levels of global popularity as well as revenue grossing numbers rising higher and higher as the days go by. While before the world of competitive video gaming was seen as more of a hobby and entertainment outlet for gaming fans, nowadays, the whole Esports industry and universe as a whole has come to demolish any previous stigmas surrounding it and position itself as one of the most popular sports entertainment options in the world. Betting on matchups, events and other competitions has become a fan favorite with titles such as CS:GO, DOTA 2, League of Legends, Valorant, Fortnite, and FIFA all becoming some of the most popular titles when it comes to Esports competitions. Given the level of action, excitement, and profit earnings that this brings to the world of online betting businesses, it’s easy to bet on Esports becoming an even bigger staple in the online betting scenario as we move forward.
With The US Advancing On Legalization of Sports Betting Activities, The Industry Will Flourish
Saying that once the majority of states within the US legalize all sports betting activities, such as sportsbooks and online sports betting platforms will post a “before and after” effect on the online betting industry is not that farfetched to say. The American betting market is one of the most important in the world, with the amount of revenue being made by online betting platforms from the US and all over the world soaring in the billions of dollars annually. If you take into account that, plus the fact that some of the most sought after sporting leagues in the world of online betting all call the US their home, then it’s not hard to understand why once all sports betting activities are legalized around the country, the industry will flourish greatly.
Given the amount of money made year in and year out by online sports betting companies from their American fans, once the endeavor is legalized in the US, all that money could end up bringing in millions of dollars in taxation revenue for each state in the legislature that has legalized sports betting activities as well as offering the creation of thousands of new job options in the industry. In a country where the unemployment rate and economic crisis because of the COVID-19 pandemic has become one of the worst enemies for society, all signs point towards the fact that finishing the legalization processes for sports betting activities will be a definite win/win situation for the US government and the betting industry.