Sports betting has been a popular activity since the beginning of sports in general. In recent years, the sports betting industry in the US is drastically changing. With the federal ban on sports betting lifted in 2018, individual states gained the power to regulate sports betting themselves. As a result, the demand for sports betting apps skyrocketed.
Legalization of Sports Betting in the United States
Before May 2018, sports betting was only legal in the state of Nevada. However, the Supreme Court’s ruling of the Murphy v. NCAA case in May 2018 started a huge trend of states legalizing sports betting. With the federal ban lifted, states were given the autonomy to allow sports betting within their borders.
The wave of legalization spread rapidly, with states like New Jersey, Pennsylvania, and New York being the first to adopt. By 2023, more than 30 states had legalized sports betting in some form. Several others were considering legislation to follow the trend.
Changing Perception of Sports Betting
Legalization also changes the perception of sports betting. Before, it was viewed as a shady activity but now is seen as a legitimate and regulated form of entertainment. Sports betting was previously associated with underground bookmakers and illegal gambling. But now, the newly regulated industry is associated with transparency and consumer protection. This all leads to greater public acceptance.
Trend of Mobile Devices
One of the primary reasons for the growing demand for apps in this space is more convenience and friendly experiences. In 2023, people spend more time than ever on their smartphones. Sports betting apps capitalize on this by offering user-friendly platforms that enable users to place bets at their fingertips.
Statistics show that mobile sports betting has had exponential growth since legalization. A report by the American Gaming Association (AGA)
In-Play Betting and Live Streaming
Sports betting apps change the way people bet on sports. In-play betting allows users to place bets during a game, adjusting their bets based on what happens in the game. This adds an extra layer of fun to the sports-betting experience.
Also, sports betting apps offer live streams of games, giving users real-time access to matches they bet on. The integration of live streaming and in-play betting is adding to the popularity of sports betting apps.
Improved User Experience and Customization
Sports betting apps improve users’ experience by offering wide ranges of features and customization. Users can personalize their betting interface and receive personalized recommendations. These apps also provide valuable insights and stats to help users make smarter betting decisions.
Boost to Sports Industry and State Revenue
Legalization not only benefits sports betting operators and users, but also significantly boosts the sports industry and state economies. For example, increased interest leads to higher TV viewership and attendance at sports events. Sports bettors are more likely to watch sports on TV, go to games, and engage with sports content. Ultimately, sports leagues and teams both benefit from growing traffic.
Also, legalization generates substantial tax revenue for states. A report by Oxford Economics
Sports Betting Apps are the Future
Legalization of sports betting in the United States is leading to the growing use of sports betting apps. As more states continue to legalize sports betting, sports betting apps are only at their infancy (as of writing). The sports betting app market will revolutionize sports as a whole in the United States.
Do you want to develop a sports betting app? Sleek App specializes in developing cutting-edge apps. With our team’s experience building cross-platform apps and machine learning knowledge, you can lean on us to develop your unique sports betting app. If you’re interested in working with us, feel free to schedule a call.
