In 1949, the state of Nevada made history when became the only state in the U.S where Americans could legally wager on sports gambling. Today, history is in the making once again as states across the nation are legalizing sports wagering in their territories following a key shift in federal gaming law that occurred last May.
Public officials around the country have recently vocalized their intentions to regulate sports betting in their territories so that their communities may reap the tax benefits associated with legalized gaming. But legalized sports betting has served to do more than just fill state coffers. In many ways, legalized sports betting is changing how fans enjoy watching their favorite athletes crush it on the field.
The professional sports we watch today have already been enhanced by advancements in data collection, streaming options, and interactive stats based off real-time player data. And even bigger technological advancements are said to be headed our way. This is particularly true for sports betting, as sports fans are already able to gamble through websites or download apps that allow them to tap into real-time statistics for ongoing games.
Digital gambling outlets have created a more interactive experiences for sports fans and gamblers because they allow bettors to place wagers during any part of the game. Why does this matter? It means that real-time virtual betting has created gambling opportunities that do not exclusively rely on the outcome of the game. Rather, sports bettors are able to bet on bits and pieces of the action. For example, if your team is down by 20 points in the first quarter, you can still bet on how many first or second downs your team will get. The possibilities are endless.
In addition to new avenues of gambling, legal sports gambling is also opening up opportunities for new sponsorships from bookmaking sites, which will provide sports teams and casinos with a new source of income. With sports teams and casinos bringing in new revenue hand-over-fist, we can also expect to see new facets of sports entertainment being to arise – everything from sports betting tv shows to subscription podcasts.
Team owners – many of whom had once shied from legalized sports betting – are now promoting the recreation. Creative CEOs are finding new and innovative ways to change how sports fans watch and bet on professional sports games. For example, Ted Leonsis – the most popular sports team owner in D.C. – recently announced big plans for the future of sports betting. Leonsis plans to make sports betting more convenient for gamblers by developing a sports bar in the city’s Capital One Arena.
This will provide a comfortable area where sports gamblers can socialize, watch the game, have coffee, and place bets on their favorite sports teams. The sports betting bar would allow for fans to watch the game and either put money down at betting windows or use their online app as they enjoy their food and drinks.
A gambling sports bar in conjunction with an online gambling app would bring a whole new – yet slightly familiar – experience to sports fans. Think about sports bars that exist today, there is a lot more excitement in watching the outcome of a football game when your surrounded by people who are also getting amped for the next play. Legalized sports betting appears to have begun rejuvenating the passion once associated with watching professional sports, and this upward trend is expected to continue through 2021 and beyond.