Sports is among the major industries that have been forced to suspend operations due of the Covid-19 pandemic. The World Cup and other major sporting events this year are expected to fuel sports betting development to an unprecedented level, despite the softening of many economies this year.
Here are a few of the reasons why this year could see the sports betting sector return to its former splendor.
Sports betting is now legal in several US states.
The Supreme Court removed the federal prohibition on sports betting in the United States in 2018. This will provide numerous state governments the freedom to establish their own regulations pertaining to gaming.
Although it is currently possible for a number of sportsbooks, such as Solarbet, to operate lawfully throughout the nation, no legislation has yet been approved to fully legalize sports betting in every state.
A number of states have fully legalized sports betting on their soil once the ban was lifted. In 2021, sports betting was made legal in Florida after the Seminole Tribe petitioned the state for the privilege. Meanwhile, the states of Wisconsin, Ohio, Maryland, and Nebraska are about to legalize the practice.
2022 World Cup
The World Cup in Qatar this year is the big event that many people are eager to wager on, especially since sports betting is becoming more and more legal in the US and other nations.
The supporters are incredibly excited to witness their favorite international teams when the event kicks off in November of this year. In actuality, a large number of fans have set aside money to purchase event tickets and have made travel and lodging arrangements in the host nation.
But excitement over the big event isn’t limited to the attendees. In fact, a lot of sports bettors have already made their predictions for the World Cup champions. Sportsbooks are still providing lucrative betting opportunities for the Qatar Games qualification matches in the meantime.
Many sports lovers believe that this year’s World Cup is extremely significant and highly appropriate, marking the true return of sports and a celebration of the spirit of sports after two years of having to watch games at home due to the pandemic.
Additional significant athletic events
Aside from the World Cup, there are numerous important sporting events throughout the year that are prepared to entice back sports wagerers and viewers alike.
This year’s Super Bowl LVI is likewise much awaited since it is the culmination of American sports. Tom Brady, a football icon for the Tampa Bay Buccaneers, is said to be making a comeback on February 13 after declaring his retirement from the game the previous year.
This year’s Women’s Euro 2022, Beijing Winter Olympics, Commonwealth Games, and Six Nations Rugby are also significant events.
Sports betting’s future
Although the pandemic was a disaster for the sports industry, it also presented numerous chances to enhance the sports gaming experience. Sports betting has improved thanks to a number of technologies that have been deployed in recent years.
Among these are cryptocurrencies, which are currently highly popular at a lot of online casinos and sportsbooks. A new integrated gambling machine from International Game Technology allows players to wager on lotteries, play slots, and watch live sports all at once. It functions as a one-stop betting shop.
In summary
There is a lot of promise for the sports and online casino betting industries in 2022. The excitement around the World Cup has contributed to an increase in the number of spectators, even as the list of 32 qualified teams approaches completion.