The sports betting and gambling industries continue to grow in very positive numbers all around. That has been a trend that has not stopped whatsoever for a few years now, even with the Covid-19 pandemic shaking the foundations of most of the world’s economies and businesses. Thanks in part to the continuous technological advances that we are witnessing today in and day out as well as the more than established love for sports and sports entertainment ventures all around the world, online betting picks platforms have not only managed to fight off any threats coming from the economic perils that the global pandemic brought upon everyone, but they’ve managed to grow in a rather accelerated fashion.
Now, with 2022 being a year in which the online sports betting and gambling industries will be looking to continue capitalizing off their ventures, we bring you our picks of three trends that will surely help strengthen the online betting industry furthermore next year.
Crypto Betting Will Continue To Gain More and More Ground
If by now you are not aware of the mass popularization around the cryptocurrency industry, then you should really try to catch up with the times. Cryptos are almost everywhere and they continue to gain more ground day-to-day in the way we see how economic and currency dealings and transactions are done. This could easily be taken as the main reason as to why the online sports betting and gambling industries have taken it upon themselves to not only welcome in the idea of allowing the use of cryptocurrencies as a form of payment, but also venture into the world of offering exclusive, crypto-based online betting and gambling platforms.
While this trend has been going on for some time now, especially gaining more and more momentum in 2021, it is expected that by 2022, the utilization of cryptos in online sports betting and gambling sites and apps, such as online casinos will truly cement its place and status as one of the premier currency options moving forward. The benefits that come with using cryptos are well known already, with security protocols and data management practices being two of the most attractive features that using cryptos offer, as well as the transaction speeds being incredibly fast and the lack of any unnecessary third-party and taxation fees to be paid per transaction. All of this just makes the idea of using cryptos for betting and gambling purposes that much more enticing for the ever-growing fan base of these industries, especially once 2022 comes around.
The US Legalizing Online Sports Betting Ventures Will Help The Industry Blow Up
While it is hard to understand how a country like the US, which holds some of the world’s most important professional sports leagues still deems sports betting activities as illegal in some parts of the country, this is all bound to continue changing, especially in 2022. More and more states are continuously changing their policies and laws regarding sports betting ventures, especially those that are managed online, to further open up a market that for years has been seen as unlawful.
It’s no secret that the American online sports betting market is huge, with millions and millions of dollars being handled constantly by up-and-coming online betting ventures both domestic and most international. By allowing and legalizing the practice of online sports betting activities, could end up meaning a huge boost in the local economy of each state of the union, as well as a very positive increase in the national economy itself. Not only that, but job opportunities would open up as well as other very valuable benefits and commodities that any country would welcome with open arms, especially taking into account what the Covid-19 pandemic has done to the global economic landscape.
Esports Betting Will Take Off Even More
While the past two years have been very hard for the sports industry, which automatically meant that though times came around for some time for the online sports betting industry, there was one saving niche that allowed the sports betting industry to stay afloat and continue with their growth, that was the Esports industry. The Esports, or competitive video gaming industry has been gaining more and more popularity amongst sports wagering fans, especially given the fact that it was one of the only sports disciplines around the world that didn’t stop with their activities. This made the online sports betting and gambling industries turn their attention towards strengthening their presence in the Esports world, with Esports betting becoming a premier activity.
Now, with the world coming to a new sense of normality in 2022 and the Esports industry continuing in its rapid ascent to the top of the sports fandom popularity rankings, even bigger and better results are expected from the partnership between Esports and online sports betting. Some of the world’s most important Esports tournaments are bound to be back physically in 2022, allowing for fans of video game wagering to get their fix on a more continuous basis and with bigger and better rewards along the way. With Esports tournaments, leagues, and live events coming back to full helm in 2022, it is expected that Esports betting will take over other mainstream sports betting options when it comes to levels of popularity and revenue grossing. All of this is clear and positive news for two blooming tech-driven industries.