Betting: More Popular Than Ever
It was a historic moment for America in May 2018, the legalization of sports betting was received with open arms in the country. The 1992 federal ban was overruled by the Supreme court thus giving states the mandate to legalize betting. In less than three months seven states had already legalized sports wagering, and 14 others were walking towards the same direction. So, this begs the question what the rush with legalizing sports betting is?
The betting industry
The betting industry is one of the fastest growing sectors in the World. It is a lucrative industry which is bound to blow your mind with the insane money it makes. It is all about the money you put on a wager, the profit which you get, the betting market and the perceived value of your bet. But what do you know about the betting industry?
Today, Betway is one of the more significant players in the world when it comes to betting. You can start betting on your favorite matches by just logging on to https://www.betway.co.ke/Casino
. In fact, Betway offers more than just the ability to bet on your favorite games. You could play your favorite casino games on Betway too.
The most significant form of gambling is sports betting. Over the years it is estimated that sports betting is worth $700 billion to $1 billion. However, it is hard to even for scientists to predict when betting began. But one thing is clear it has been there for thousands of years, but the landscape has drastically changed.
For instance, it is predicted that sports betting began around the 12th century in Ancient Greece. Others speculate that it was in China where the first dice was rolled. However, it was during the 16th century that friends and family began to take sports wagering very seriously. In Britain Pedestrianism was a sport where people would compete with each other, and this led to the emergence of betting.
The growth of technology has led to the emergence of online casinos. For instance, by 1997 there were already 200 live online gambling casinos, and they have not ceased on growing. Although there have been laws and bans which online gambling they have not stopped the industry from developing.
This can be attributed to factors such as the advancements in technology with smartphones
and a fast internet thus making it easy to place a bet.
Where is the betting industry heading?
It is without a doubt that the betting industry is growing and it will keep on growing. As per now much focus is on online betting which seems to be attracting a large number of punters. The best thing about the gambling Industry is that it keeps on growing at the same pace as the rapid growth of technology. Statistics are changing, and nowadays punters know it is more than just betting.
If you are an avid punter, then you should keep up with the trends. But one thing is for sure the betting industry is here to stay.