Sports betting will be booming in 2022, as most states are looking forward to legalizing this gambling form. Online sports betting has evolved into a profitable business.
Sports betting is booming in 2022 because of the profitability and in-demand pastime it brings for the players. Most online casino operators globally provide good incentives, competitive odds, and other offers to the players. Some reports suggest that the online sports betting market is growing at a CAGR of 10% between 2019 and 2024. Many sports betting providers are supporting different sports teams and league matches. The online sports betting market provides betting on sports like basketball, football, baseball, horse racing, etc. You can play casino Malaysia online sports betting events to win great prizes and incentives. This shows how the sports betting market is becoming unique and dynamic, attracting more players.
Let us now watch out for significant trends that will change the sports betting market in 2022.
Football Betting Will Increase
The online sports betting market will see most bets will be put on the football leagues and players. It is going to reign the sports betting market in 2022 and beyond. More casinos will be investing in partnering with football clubs to provide versatile betting forms. The gaming companies will also advertise their casinos by sponsoring jerseys and other equipment and showcasing it on the team’s website.
Use of AR and VR
The casinos will be using AR and VR technologies to make the online sports betting experience great for the players. It will give a realistic sports betting feeling to the players. VR headsets are required to get a real gaming feeling. However, many casinos are even working on mobile apps to provide the same feel as their websites. These two technologies will be adopted widely in 2022 to increase the customer base of the casinos.
Increase in Social Betting
The year 2022 will now see players pool betting on their favorite sports instead of only one person betting on a particular team or a player. The money in a specific sports league, team, or player will be bet through a money pool. Players can comment and see the live results of the game on the social media community. Even players can post bets on social media platforms to let other players bet with them, known as ‘betting with the herd’.
Wide Use of Cryptocurrencies
If your country restricts the online sports casino, and you cannot bet through money transfers or debit/credit cards, you can always use cryptocurrency. The cryptocurrency is an anonymous mode that makes the players’ transactions untraceable. This helps the users play games at their favorite online casinos, and they can even withdraw the winning amount. The use of cryptocurrencies like Bitcoin and Ethereum will help speed up the money exchange process.
Sports betting is done on a momentum level, and players are involved in sports betting because of their love for a particular sport, team, or player. Moreover, the legalization of sports betting has also paved the way for the players to come forth and play at their favorite Malaysian casinos.