There is a lot to be excited about in the future of sports betting. One exciting development is the destigmatization of sports betting. This will lead to new venues for sports fans to bet on games. For example, Ted Leonsis, owner of seven professional sports teams, is envisioning arenas becoming entertainment supercenters with high-tech sports books and large TV screens. He also envisions food and drink options available to customers, and people coming in to watch games during lunch hours.
As sports betting becomes legal, the industry is expected to grow much faster than analysts predicted two years ago. It will also become more diverse and personal. It will eventually be available for all types of sports, from the most popular to the smallest. At a recent industry event, a panel of industry executives discussed what the future holds for sports betting in America. One panelist suggested the industry should look to Silicon Valley and Hollywood to boost its mainstream adoption.
As more states legalize sports betting, there will be a gold rush for businesses. The legalization of sports betting is expected to create a $4 billion industry. States like Illinois and Indiana are moving towards legalizing sports betting and creating new revenue streams.