Global sports gambling are approximately a 104 billion dollar business. In the United States alone, the sports black market is typically estimated to be around between a conservative 2.5 billion dollars up to more than 10 billion dollars. Regardless of which estimate is true, the market opportunity is massive, and, more essentially for casino, about to become widespread and legal.
A recent ruling by the Supreme Court was able to overturn a 1992 prohibition which had made the act of gambling on the outcomes of the sporting events for real money illegal. This was done at a state level. And now, as states are currently legalizing this culture of gambling on the sports events, that huge black market is about to become legally up of grabs, and the several online sports gambling such as that of the SBOBET Indonesia are looking for way in which they can be able to stretch their service to the states where betting on the outcomes of the sporting events have been made legal.
The casino stocks rallied right after this Supreme Court ruling was announced, and the operators of these several online sports betting platform are itching for the chance in which they can use so as to become the dominant sports gambling operator in this gambling industry.
As it currently strands, gambling on the sporting events such as that of NFL, basketball, soccer, boxing and even tennis is fragmented. However, as the market continues to grow, you will most certainly be able to see a chance for a platform to capture the lion’s share of the market.
Online sports betting is a perfect platform business opportunity
Back in the year 2018 on the month of September, Zen sports were able to launch a peer-to-peer online sports gambling platform which typically operated outside the United States, Europe, and Canada. On the platform, users were able to either become bet takers or bet makers.
Due to the fact that there were no bookies setting odds, the odds were typically tending to be better odds. The traditional brick-and-mortar gambling platforms usually stack odds that favor themselves as part of the process of profit-making and hedging strategy. Instead, the Zen sport usually captures a certain percentage of the wagers that are typically transacting on the online sports gambling platform.
Already, even before the supreme court ruling that was made back on the year 2018 on the month of September, casinos and territories with the United States of America where the act of sports gambling culture was typically already taken into consideration as legal, could most probably been an operating such as that of the Zen Sports on their property.
The beauty of a casino-run gambling platform is that the casino typically offers the bettors with a mannerisms in which they are very much capable of using so as to place bets on the events that the casino gambling platform does not wish to wager on itself. The casino still is responsible for the collection of the transaction fee and in addition to the gains reams of data on the betting interest and trends
