TABLE OF CONTENTS
The sports betting sector has witnessed a meteoric rise, continually creating ample opportunities for entrepreneurs to invest and prosper. With the technological innovations in 2024 and the growing affinity of people towards betting, this industry will undoubtedly achieve great heights of success. Several factors and trends are gradually empowering this market and making it relatively more high-tech and prone to success and growth in the upcoming years.
But what elements would make your online sports betting business achieve a competitive advantage? To answer this question, here’s a blog that outlines the top trends of sports betting in 2024 that will make your platform quite future-ready and scalable. So, let’s get ahead!
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Online Sports Betting: Industry Analysis
The future of sports betting is going to be exponentially progressive, and the current numbers validate it all completely.
The recent statistical analysis and reports say that the market tends to reach a global valuation of $49.96 billion in the year 2024. Expected to be running with a compound annual growth rate of 7.68% until 2028, it can bring $67.17 billion.
The United States has appeared as the global leader in the sports betting market for its high customer demand ratio added with the well-regulated realm aids. Canada, in addition to this, is observed to showcase the highest rate of player penetration. The other major regions cover the UK, Africa, Asia-Pacific, and so on.
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Top Sports Betting Trends In 2024
Market Trends
On-the-go Mobile Betting
Online and mobile betting has flourished the betting industry radically. Among all the top sports betting trends for
2024, mobile betting has pioneered the list. Convenience, accessibility, remoteness, and spontaneity have made mobile
betting a go-to option for players around the world. Moreover, this trend is going to break the record for its unique
approach to providing the complete betting experience at your fingertips.
Even omnichannel betting has now become everyone’s favorite, and it is all because of the added advantage of enjoying betting across any device and channel of choice. To keep your betting business in 2024 ahead of all competitors, omnichannel is the only best solution to try.
Live & In-Play Betting
How seamlessly does it feel just knowing the fact that you can avail various sports, their fixtures, odds, and other
relevant details in no time on your screens? But when do you proceed from just seeing the screen to utilizing it
for
betting? The answer to this question as of 2024 is NOW, i.e. live!
Live and in-play streaming and betting have made it to the top sports betting trends of 2024, encouraging players to
gamble more and profitably. This trend has facilitated players to fix their pre-match bets, find the patterns before
making a bet, and then cheer for themselves in real-time - all thanks to the live stream and live odds
modulation
trends.
Regulatory Eases & Social Taking
One of the most industrial drivers of growth is the globally regulated acceptance of sports betting. Most performing
countries like Canada, the USA, the UK, Africa, Asia, and many others have paced online betting by offering legal
approval. The ‘used-to’ fear of betting has ‘now’ turned into amusement, all thanks to jurisdictions and also social and
community acceptance.
No wonder, the future of online sports betting is going to be more social and community-driven rather than individual.
The new trend of creating social spaces for betting, indulging in community bets, etc. has and will continue to prowess
the industry.
Platform Universality
Player retention has always been a concerning topic for all betting businesses, which mostly happens due to players’
urge for more options. This is where universal platform development came into trend, running the market all over in
2024.
One of the top trends of betting in 2024 is the business’ potency to provide multiple sports events and other gaming
adventures in a unitary platform. Integrating international sportsbooks, online casinos, slots, and other iGaming
provisions can make your betting business versatile and attractive - letting your players stay on one platform for all
of their gaming excitement.
Technology Trends
Augmented & Virtual Reality (AR/VR)
Virtual reality and augmented reality have already caught the attention of the entire world. Integration of VR and AR in
sports betting can boost the excitement of players and bring more realism to the sports betting platform by offering the
punters exact.
VR and AR have already popped up in mobile gaming applications and have earned great attention. With allies creating
their virtual spaces for more fun immersing into a virtual betting environment, assuming your Avatar or augmented
celebrity personality of sports, and much more, sports betting trends have uniquely grown.
Artificial Intelligence (AI), Big Data & Machine Learning (ML)
‘AI’ as the buzzword has abandoned no single industry, and so online sports betting is no exception. With machine
learning (ML) applications and advanced algorithms, creating, arranging, organizing, analyzing, and learning the data
has made sports betting a more intelligent game than fun-gaming.
With AI added, players have found the strategic analysis of historical sports data, bets, player performances, and other
such factors to make their further betting decisions accurate. For instance, while predicting the odds of an NFL event
using AI and ML, the weather changes, team player injuries, etc. are considered to offer punters intelligent feed. What
more could you ask for?
Automation
Sports betting as a phenomenon brings considerable profits and benefits to punters, thus involving them more in it. Ever
wondered how amazing would it be as a punter to have a tool that increases your betting efficiency? Of course, possible
with automation now!
The next top trend of sports betting is automated betting, where bots run through your software program and automatically place favorable bets on your behalf. With the use of big data for the identification of patterns and trends, and then predicting the right odds; automation brings the most novel and incredible trends to online sports betting practice. So, if you are ever out of prompt accessibility and understanding, let your bots make the betting move for you.
Multicurrency Factor
What has eased online sports betting trends the most is the cross-border communality of currency and the universality of
payments. With cryptocurrencies, decentralized finance (DeFi) tools, tokens, virtual currencies, and more; betting has
become fully cosmopolitan.
With incredible advantages of fast, secure, and more controlled yet convenient transactions are popularising
multilateral currencies as a top sports betting trend for 2024. Moreover, its capacity to decentralize and eliminate
third-party intervention needs to tell where the future of sports betting is heading.
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Prepp Your Betting Business With GammaStack
The sports betting industry trend is rising exponentially, and it’s high time for you to kick-start your betting business or bridge up the existing. For all the sports betting platform development requirements from start to finish, GammaStack is the one-stop destination. Bring your ideas to us, tell us what you need your platform to have, and we’ll develop it for you. Whether launching a platform quickly using readymade solutions or popularizing your brand with a fully unique and customizable betting platform, GammaStack delivers it all. Bring all your top sports betting industry trends together based on your choice, and enter the world of enthusiasm today!
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FAQs
AR/VR integration, AI/ML, automation, cryptocurrencies and blockchain, universal payments, mobile betting, and many more are the latest trends of betting in 2024.
GammaStack is one of the most popular sports betting software providers in the industry which offers a full-fledged, fully managed, and owned sports betting platform.
Custom sports betting software offers the flexibility to choose customizable, bespoke, and personalized systems or features that eventually offer a unique look to your software. On the other hand, the ready-to-launch is beneficial for businesses that seek quick market entry with a standardized solution.
Yes, the sports betting software we develop comes with complete, end-to-end security protocols, encryptions, cyber risk management, and anti-fraud systems to provide a safe, secure, and risk-free online gaming environment to players. Therefore, choosing a platform that is authorized and regulated is always safer than others.
Yes, sports betting is gaining high popularity for many reasons and benefits like integration of virtual and augmented reality, artificial intelligence, big data analytics, automation, globalized payments systems, and more. These trends have simplified the data analysis, prediction of odds, placement of bets, and therefore wins, eventually popularizing the betting industry.
The future of sports betting is going to be drastic. Mobile betting is going to dominate the industry with the addition of tech tools like AI, automation, and whatnot.
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