Online gambling is experiencing a massive increase lately, as more people than ever have started to bet and play casino games online. The industry has more revenue than ever, and the global online gambling industry is now estimated at around USD 61.5 billion. But what has caused this huge increase, and will it continue. 

Some sports are more popular than ever, and the NFL and Super Bowl are known for being events where a lot of people bet. It was wagered for an estimated USD 8 billion on last season’s Super Bowl, and that was from U.S citizens alone. Many have already looked up nfl week 1, to plan their bets and to wager on their favorite teams. 

Betting in the United States

One of the main reasons for this increase in popularity, is the legalization of betting and online casinos in many American states. 11 states decided to legalize it in 2021, and as of this January, you could bet in no less than 32 states, including Washington D.C. This allows sportsbooks to broaden their target audience and opens up markets where it was previously prohibited for them to run their business. 

The rise of technology

Sportsbooks are also taking advantage of the many technological opportunities and developments that have been created in the last couple of years. Sports fans are now betting from highly developed sites and can even follow matches live and bet on more accurate updates than the ones you find on tv. You can bet anywhere at any time, and on almost any sport out there. Mobile apps and specially designed websites also allow you to bet from your phone and on the go.

Technology has also opened up for the use of cryptocurrencies when gambling. Crypto is becoming more popular in India, and many other countries, because it can be both safer and quicker to use when purchasing online. It gives gamblers more opportunities when it comes to safer payment options online. 

The legalization of online casinos and sports betting on the internet has led to a huge increase in the revenue of the online gambling world. Many more people are turning to this source of entertainment as it is always available, and ever-changing. The increase in market value is estimated to last for much longer, and to grow even further in the years to come.