The future of sports betting is uncertain. While it started out as a simple way to make money, it has evolved into an industry that is worth billions. With technological advances, it can be expanded in exciting new ways. In fact, some experts believe that the sports betting industry is on track to be worth more than $218 billion by 2023.
The future of sports betting will likely be characterized by de-stigmatization. New places will be created where people can watch games and place wagers. Entrepreneurs like Ted Leonsis, who owns seven professional sports teams, have envisioned arenas transformed into entertainment supercenters, complete with high-tech sports books, TVs, and food and drink. Some experts predict that robots will eventually take over the industry, particularly in high-stakes sports betting.
In addition to a new exchange model, a new way to bet on sports games has emerged. In a peer-to-peer exchange model, each participant is a player who can place a wager. Betting on a specific game will be conducted through a network of users, who can offer options that will affect the outcome of the game. The sports betting exchange will offer a platform for any user who is willing to use e-money.
In the future, sports betting will become even more popular. The industry is expected to become the largest in the world if it has fully matured. As the market grows, the amount of money available to sports bettors will increase exponentially. People will be able to place a wager on any game they want, and bookmakers will be the most popular places to place their bets.