The sports betting industry is one of those industries that have faced many challenges in the last few years. In some nations and provinces, sports betting is still considered to be illegal. But the best thing about this industry is that no matter how many challenges and restrictions this industry has faced, it is booming compared to the other types of businesses. Nowadays, sports betting can happen through mobile apps; you can check https://m.22bet.co.ke/mobile/, one of the leading mobile apps that allow sports betting. Apart from this, there are so many other betting apps available.
Sports betting is a lucrative business in the current days. As per the current data published by Statista, the overall value of the online betting market is around $50 billion in the year 2017, and in the upcoming years, the sports betting industry has expected to grow more. Even some of the industry leaders are investing in sports betting to boost up this business. Furthermore, with the popularity of mobile apps like https://m.22bet.co.ke/mobile/, more and more people are moving towards online platforms for playing sports bets.
The Current Mobile-First Era
There was a time when mobile phones were considered a luxury item, but this notion has changed a lot. Smartphones have become one of the necessary items, and thanks to the non-stop demand and newly launched models of smartphones every month that have made online betting the best thing to happen. Today, smartphones are available in various price ranges and budgets, and anyone can access these mobiles and try out online betting apps.
As per the Statistical data released by CNBC, by 2025, around 73% of the population will be using the smartphone to access the internet in place of traditional methods like desktops and laptops. Even more, after the launch of 5G or the 5th generation internet technology, it is also helping people to use mobile phones in place of the traditional methods like faster download speed, more enhanced connectivity, fast banking procedures, and overall better user experience.
More and more companies are investing in developing apps as these tools help to carry out any task easily.
The Transition From Traditional Gambling To Mobile Gambling
One of the major reasons for the growth of online apps for betting is the shift that has taken place in the last few years. There was a time when the wagers were made just for fun, and the people used to visit the physical poker rooms, gaming parlors, and bookies to place the bets. Of course, even the bets can also be placed via calls. But the entire scenario has changed totally.
Though the land-based casinos are still in a rage, there are not going. Even there are some destinations like Las Vegas and Atlanta where gambling and casinos are still gaining popularity. Millions of tourists generally visit these places to have a high-level gambling experience. On the other hand, several land-based casinos have also seen closure with the new advent of mobile apps. Moreover, several countries are legalizing online betting in the upcoming years after the decline of land-based casinos.
There are many nations where land-based casinos are declared illegal, and there is the catch. Some of these providers are moving towards online betting apps to grab the attention of the players. With the increased growth of the internet and recent legalization, people are now choosing online casino sites for playing and betting.
Scope of Mobile Betting
As per the report provided by Bankmycell, currently, more than 4 billion people use smartphones. In the year 2015, it is seen that 1 out of 3 people made use of smartphones in place of laptops or desktops for using the internet. In the current scenario, more than 60% of people use mobile for accessing the internet. The technological advancement of mobile technology has paved new changes in the field of online casinos and gambling.
More than 50% of mobile users use mobile phones to place their wagers in the current years. In the European countries, the revenue generated by mobile devices crossed a mark of 50% of the total betting revenue for some of the popular sportsbooks. This is the reason why most companies are now investing in sports betting.
Benefits Of Mobile App Betting
You might think of the reasons behind the popularity of mobile apps for betting, and yes, there are some benefits for sure. Sports betting apps are highly convenient, and they can be played anywhere and anytime at your convenience. You have to download the app, log in and start playing. Besides, the sports betting apps provide a similar user experience to the players as the traditional betting apps. The online apps have high-end graphics and platforms that make online betting hassle-free. These online apps can be accessed 24×7, and the players can get in touch with lots of games with just one swipe.
Hence, whenever you want to try out sports betting, you can opt for mobile apps. Choose the one which is legalized and has numerous downloads. With the mobile betting apps, gambling has become more popular and reachable among the players globally.