As we dive into the new year, it’s time to take a look at the top sportsbook trends to watch in 2021. From the rise of mobile betting to the impact of new regulations, there are plenty of exciting developments on the horizon for sports bettors.
One of the biggest trends to watch in 2021 is the continued growth of mobile betting. With more and more states legalizing online sports betting, the convenience of being able to place a bet from your phone or tablet is becoming increasingly popular. According to a recent report by Statista, the global mobile gambling market is expected to reach $250 billion by 2023.
Experts like David Schwartz, a gambling historian at the University of Nevada, Las Vegas, believe that mobile betting will only continue to grow in popularity. “The convenience of being able to bet on your favorite sports from anywhere at any time is a game-changer for many people,” says Schwartz. “I expect to see more and more sportsbooks focusing on their mobile offerings in the coming year.”
Another trend to watch in 2021 is the impact of new regulations on the sports betting industry. As more states legalize sports betting, there are new rules and regulations being put in place to ensure fair play and consumer protection. This includes measures like age verification, responsible gambling tools, and geolocation technology to prevent bets from being placed outside of state lines.
According to industry analyst Sarah Jones, these new regulations are necessary to protect both consumers and the integrity of sports betting. “As the industry continues to grow, it’s important that we have strong regulations in place to ensure that everyone is playing by the rules,” says Jones. “In 2021, we can expect to see more states implementing similar measures to protect their residents.”
In addition to mobile betting and new regulations, another trend to watch in 2021 is the rise of esports betting. With traditional sports on hold for much of 2020 due to the pandemic, many sportsbooks turned to esports as a way to attract new customers. According to a report by Grand View Research, the global esports betting market is expected to reach $13 billion by 2025.
Experts like Mark Cuban, owner of the Dallas Mavericks, have been vocal about the potential of esports betting. “Esports is the future of sports betting,” says Cuban. “As more and more people become interested in competitive gaming, I believe we will see a surge in esports betting in the coming year.”
Overall, 2021 is shaping up to be an exciting year for sports bettors. With the continued growth of mobile betting, the impact of new regulations, and the rise of esports betting, there are plenty of trends to keep an eye on. Whether you’re a seasoned bettor or new to the game, there’s never been a better time to get in on the action.