Paying $5 a day for your sports fix is an odd pastime, but it makes sense. Just look at the percentage of Americans who are involved in sports betting. A recent study shows that 30% of adults gamble on sports, a figure that has been on the rise since the 1990s. And with the age of millennials now entering adulthood, the number of people in the US who have placed bets on sporting events is projected to grow by more than 50% in the next 10 years.
We’re betting on sports. But why?
The question is a tough one, especially as the betting fun88 industry has moved from brick-and-mortar locations to the realm of the web. This development has had a number of positive and negative consequences, but one of the most resilient aspects of the sports betting industry has been the ease with which online betting is conducted.
Tens of thousands of companies – from bookmakers to casual online bettors – have embraced online betting, and this has led to the growth of an entire industry that serves as a de facto part of most people’s daily lives. A major reason for this is the simplicity of the process.
When people play sports betting online, they dont have to do anything more complicated than input their credit card number. In this way, the sports betting industry is proving that it is capable of surviving a major disruption, and that could spell good news for those who want to enter into sports betting.
If betting with an online sportsbook is your only exposure to sports betting, it’s easy to forget that the industry was not always so ubiquitous. It used to be a very niche industry, and people were quite hesitant to place bets online.
Online betting is a mature industry, and it has demonstrated that it is resilient in the face of many challenges. In this article, we look at some of the ways that online sports betting has survived and even thrived despite the fact that it’s never really been around for very long.
In the beginning
During the 1960s and early 1970s, the US Supreme Court struck down many state laws that prohibited the operation of sports fun88 bookmaking. This enabled the betting industry to grow, and in 1973, a number of major sports betting sites were established, including the International Game Technology (IGT) and Bally Gaming.
The first sports betting site in the US was set up by a Kansas businessman, Hugh Brown, in 1973. The Internet was still a largely unknown tool, so Brown printed brochures advertising his new business venture.
The first sportsbook in the US that allowed bets on live sporting events was the bookmaker that is now owned by the IGT. It was set up by a Michigan businessman, Larry Holmes, who had operated a poolroom.