Since 2018, when the US Supreme Court ruled on PASPA, more states are looking to legalize sports betting. While the sports betting industry continues to expand, a recently published article by Bonus Seeker reveals that when multiple operators offer mobile sports betting, the income from this activity is maximized.
The US sports betting market continues to grow
The popularity of US online sports betting is growing steadily. Before being overthrown by the U.S. Supreme Court in 2018, PASPA Limited 25 Years Sports Betting to Nevada Only . However, when the Supreme Court found PASPA unconstitutional, sports betting began to develop rapidly . Although nearly two dozen countries have legalized this activity, a dozen other countries are in the process of legalizing it.
However, the difficult task of legalization was left in the hands legislators in every state . Moreover, it is up to them to decide whether to allow for retail-only sports betting, online-only sports betting, or both. Some states both retail and online sports betting have been legalized to be offered by multiple operators. On the other hand, other states have chosen to have one operator offer this activity.
While each option has its ups and downs, one of the most profitable ways to generate high tax revenue for each state proves to be sports betting offering both online and retail by multiple operators . Having multiple operators offering legal sports betting makes the market more competitive. In addition, legalizing the business and offering many legal sports betting options it significantly reduces the share of the black market or illegal operators .
A new report reveals that mobile sports betting has tremendous potential
Earlier this week Seeker Bonus , the leading US sports betting comparison site, has published a new report that provides insight into the growing US sports betting industry . One of the key conclusions of the report is that more US states are aware of the high potential of mobile sports betting . The report shows that the greatest revenue is made through mobile sports betting offered by multiple operators.
According to the newspaper, countries that do not offer mobile sports betting
they receive significantly fewer bets compared to states that offer online betting. Moreover, the report confirms that the highest numbers of sports betting in the past year reported in Pennsylvania, New Jersey, Illinois, Nevada, Colorado, and West Virginia. , Iowa and Indiana. All these states have many sports betting operators that offer mobile sports betting .
Last but not least, the report revealed that in these states, mobile betting was responsible for approx 80% of all plants and the only exception is Nevada. However, the report states that while Nevada did not achieve such a high percentage of shares from mobile sports betting, this activity was responsible for more than 50% bets .