Ever since the very first legally-acclaimed sportsbook was opened in Nevada in the year 1949, sports betting has been a popular trend in the nation & now fans seem to enjoy it all around. With this pastime option available for different major sports, the rapid expansion was sure obvious. This rapid gameplay expansion led to an addition to the viewership of the television events as well as ticket sales for live games.
Placing bets on your preferred sport or player might bring you financial rewards such as the ones with the 20bet bonus. This makes the overall experience all the more exciting and immersive.
Let us take a quick look at the way sports betting managed to influence the live game viewership and attendance.
U.S. Sportsbooks Expansion: The Legal Way
Legalized betting on sports has seen an increase in the total number of users in different U.S. states. Fans sure are ecstatic to wager on a team of their choice. As of now, about 18 out of the 50 states in Washington D.C. have successfully legalized sports betting and is in progress with multiple other locations.
Apart from this, several professional leagues like the NBA and MLB have embraced the same. Now, they sure have lobbied the lawmakers to keep things in check, but the enthusiasm is just as much while they create strategic partnerships with the betting operators.
Given the fact that sports betting has been seeing continuous growth in the past few years, the online platforms have started responding by upping their game while providing both mobile and retail betting options designed for passionate customers.
Sports Betting: Impact on Leagues, Ticket Sales, & Viewership
After the implementation of the 2018 rule of NCAA vs. Murphy that made the outlaw of sports gambling unconstitutional for the states, it had been predicted that the overall revenue would sure rise across the major professional leagues for sports by more than $4 Billion.
As per this report, the projected annual growth for sports betting would work at a rate of 3 percent till the year 2022. Talking about the ticket sales, overall viewership, as well as fan engagement, the statistics show that there is a surge in numbers after the ruling by the Supreme Court.
It sure is a proven fact that sports betting legalization have been driving people to invest their time and money in the television & ticket booth. Apart from this, the professionally acclaimed sporting leagues saw a substantial increase in the overall revenue, with many flaunting official partners such as NHL and NBA along with the MGM Resorts International.
The report obtained from American Gaming Association last year happened to predict that about $2.3 Billion could be earned by the NFL every year by opting for legalized sports betting & partnerships. Now, these numbers tend to rise every year as different leagues start generating more income through user consumption and betting products. For full-scale televised events such as the March Madness & Super Bowl, the overall viewership has surely seen a steep rise in the earnings and viewership.