The Rise in Popularity of Sports Betting in America
There have always been sports bettors in the States. The activity occurred both legally and illegally throughout the country for the last hundred years. Now, with the rise of legal internet sports betting, the country has seen a massive uptick in active online sports gamblers. It has become socially and legally accepted. Networks like ESPN will often show point spreads along side of game scores.
Speaking of the point spread. This popular offering was invented in America back in the 1940’s by a man named Phillip K. McNeil. It was a genius method to attract more bettors. The premise is that you don’t have to risk 10 dollars to win 1 on a heavy favorite. You can bet that same team minus points. Essentially, you shave those points off the final score ands that’s who really wins the bet. You risk even money on the wager instead.
Popular online sportsbook bonuses are also a way that Americans have been attracted to the activity. If you tell people they can double their money just by making a deposit, or that their first bet is free, you tend to get more customers. Many of the experts that were consulted when the U.S. market began to open up were actually from the UK. Sports betting has been legal and regulated there for a long time. They know the ins and outs of the industry.
A recent poll stated that up half of all adults in the U.S. have placed a sports wager some time in their lives. This is a huge number. 15 years ago that number was probably just a fraction.
It is believed the industry will continue to grow and double by 2035. That is a very fast growing business and one that many investors are keeping an eye on.
