This stigma associated with sports betting or gambling of any form has made the act a vice in society. Due to media stereotypes and what is usually depicted in movies, many try their best to avoid gambling as they believe it can ruin their life.
However, betting experts at gambling-code.cz have confirmed that betting can be healthy and good for you. There is absolutely nothing wrong with gambling as long as it is done responsibly. However, what is unhealthy is when it becomes an addiction, but a responsible attitude toward it will never become that.
Factually, thousands of bettors worldwide have managed a healthy gambling attitude, while many gamblers have even made a living from it like the gamblers at gambling-code.cz. Tipsters have also gathered statistics from Statista, proving just how entertaining and lucrative sports betting is.
- The annual worldwide gross gambling yield is over $400 billion. This gross yield is the money gambling establishments get from punters as bets every year. This also excludes the amount that they pay out as winnings. Hence, the gambling industry makes over $400 billion annually. Thousands of punters worldwide bring in this amount of money, and the house always wins.
- Over 33% of the gross gambling yield is from Asia. Asians have been known to have a love for gaming, so this is not surprising. Again, Asia remains the most populated continent in the world and also one of the most progressive ones digitally, as there are a lot of booming industries in the region.
- In 2009, the online worldwide gambling market was valued at about $20 billion. However, the online gambling industry has grown and evolved speedily over the years. In 2016, the market was valued a over 40 billion, an amount which has definitely increased significantly at this time. The online gambling market is expected to surpass a hundred billion by 2024 as the market’s growth rate is very rapid.
- In 2020, the gambling market generated about $3.36 billion in Great Britain, proving that the market is a significant part of the gambling industry. The gross gambling yield of the online gambling industry also amounted to $8 billion in Great Britain in the same year.
- In the United States, a law prohibits people younger than 18 or 21, in some cases, from engaging in betting activities. However, statistics show that over 50% of actual American adults have placed bets on one sporting activity or the other in their lifetime. In 2017, it was also noted that football was the sport which most Americans placed their bets on. This shows that a good number of these bettors are football fans. 30% of the American population watches football, and that is the most watched sport according to the gathered statistics. Basketball comes in second place as 24% watch it, while horse racing comes in third with 20%.
- Though many people do not know or acknowledge this, e-sports is popular among people as its growth rate is just as impressive. E-sports today is becoming almost as popular as traditional sports, and it is only a matter of time before that eventually happens. In 2022, popular Counter-Strike: Global Offensive sports betting rates made up 53% of the total e-sports bets made that year. Other e-sports games that garnered attention include Dota 2 and League of Legends. The League of Legends also recorded the highest avast bets for esports with $39.
- Considering the inconsistencies and different regulations in each country across the world, it is difficult to calculate the exact value of the sports betting industry. However, sports betting makes up about 30 to 40% of the world’s gambling market. Some of the leading sport betting services worldwide include Bet365, Betfair and Unibet.
As we can see, sports betting is popular worldwide. It is estimated that billions of dollars are wagered on sports events each year, making it a significant global industry. Sports betting has a long history and has evolved over time to include a wide variety of sports, events, and betting options. With the advent of online betting platforms and mobile apps, sports betting has become even more accessible and convenient, contributing to its increasing popularity.
