Sports Betting Acceptance continues to Gain Popularity
Sports betting has always been a popular past-time, and it is one that knows few boundaries relating to gender, race and even religion. The reasoning for this is quite simply attributed to the fact that sports are something people are drawn to throughout the world, and as such, each country, or continent have favoured sports they like to bet on.
Sports betting in the USA is most prevalent towards American football, baseball, hockey and basketball. These are sports cemented in American sports culture. As such, Americans place billions in wagers annually through licensed and non-licensed bookmakers. Its Super Bowl is the most heavily wagered sports event in the world and only the World Cup comes close to the revenue generated from sports wagers.
In the United Kingdom, Europe and South America, the most popular sport is soccer. It illicit a passion not seen in most sports, and in some countries, defeat can lead to player deaths. Soccer, in comparison to American football, hockey and basketball are the most popular in the world, and that is unlikely to change.
Sports Betting Acceptance
This results in an accepted attitude of acceptance when it comes to sports wagers. Most see it as a friendly wager, either against friends or as a measure to support their favourite team. It is almost viewed as a show of loyalty, and that mindset has seen sports betting grow in recent years with online sportsbooks opening at a record pace.
Initially, sportsbook operators online were standalone sports betting sites, however, as the online gambling industry has grown and developed, many online casinos have moved towards a “one-stop” style betting site that offers not only casino games, but sports betting and other forms of gambling.
This has helped fuel the acceptance of sports betting, not only in western countries such as Canada, America and the United Kingdom but also in other countries where gambling was frowned upon and not socially accepted. Today, those attitudes are changing, and even if it is a subject not openly discussed, it is prevalent within most cultures.
The acceptance has also managed to see governments capitalising on sports betting, whether through state-sanctioned sports betting or through the licensing of online sports betting sites. It is seen as a new source of revenue for governments in need of increasing state revenue but without the risk of dissent by an over-taxed population.
As new emerging markets enter the realm of the internet, sports betting will continue to grow and generate revenue, not only for governments through taxation of winnings but through licensing fees applied to those wishing to provides betting services within their borders.