Explore the enormous potential of US sports betting market

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Explore the enormous potential of US sports
betting market

• https//datasportsgroup.com/

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The gambling hub of the world legalized sports
betting in 2018, three years have passed since
the substantial ruling, but the earning potential
of the market has kept on increasing since, with
more and more US states joining the
decriminalization wave of sport betting
activities. Earlier Nevada was the sole state to
have legalized sports betting in the US but the
multi-billion-dollar betting industry got a huge
boost forward when US Supreme Court ruled the
PASPA (Professional and Amateur Sports Protection
Act) law unconstitutional which had been in
effect since 1992 and allowed just a couple of
states to legally continue sports betting while
it banned other states from legalizing sports
betting activities. 
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One of the key factors that led to the
legalization of betting was to decrease activity
with offshore operators and stop the money from
bleeding outside of the economy. As per the data
by AGA, about 52 of US sports bettors are
engaging in illegal betting activities while some
remain in the dark about its legality with
numbers as high as 74 of betters who are not
aware of the illegal nature of betting. With the
wave of legalization number of sports fans has
shifted to legal sportsbooks. 
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The pandemic though changed the face of the sport
in 2020 but sports betting established itself as
a game-changer in the US while the sports sector
found itself on uncertain ground and continues to
be in 2021. As per the data by American Gaming
Association, the people spent about US3 billion
on sports, the highest ever in a single month in
October 2020, and year on year in America the
revenue increased at an astonishing rate of 53.5
percent to US237.5 million. As the opportunity
for growth remains immense in a few years 80
percent of all US states would have legalized
betting. 
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Major Players in the Industry  In a short span
of time, two players have established themselves
as the leaders of the U.S. gambling industry-
FanDuel and DraftKings. They established
themselves with daily fantasy sports and are now
known as bookmakers and online casino operators
and cut through the competition to take a larger
part of the pie in the New Jersey market first
and thereafter rest of the country. COVID-19
pandemic forced the traditional casinos to close
down, forced the users to shift online and hence
an opportunity opened up for both the players to
engage more audience, and now their market share
is about 80 of the U.S. market. 
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The move forward  The industry has leveraged the
opportunity and many betting partnerships have
been inked already, most notable ones being
multi-year sportsbook deals between Major League
Baseballs (MLB) Chicago Cubs' contracts with
DraftKings which has been valued at US100
million. NBA has been active as well and signed
many betting data partnerships of which 20 are
with gambling companies. Scott Kaufman-Ross on
the topic shared that, The goal is to partner
with every sportsbook in the United States,. The
industry serves as a rich and easy way to make up
for the losses, leagues and clubs have suffered
due to Covid-19, MLBs loss was upwards of US3
billion in 2020 because of a short season.
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The Big Picture While the industry instead of
being restricted as just an income source could
be targeted for a wholesome approach for a
company and a way to engage fans while indulging
in multiple marketing opportunities, as part of
the big picture. While the commercialization of
sports and the increased dependence on digital
media has been a major boon to the sports
industry, NBA saw a major increase in revenue
after the sports betting USA market was legalized
and the amount was approx. 585
million.  Technological advancements have forced
the field to stay competitive and engage the
audience by proving up-to-date odds and betting
features that would help in retaining the
customer in the long run. By partnering with
sports data providers to provide ball-by-ball and
in-depth data they could support online wagering,
which essentially contributes to more than 80 of
the gaming industry revenue.
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Choosing a good sports betting data provider is
of utmost importance now more than ever. Taking
the liberty to save time and effort, Data Sports
Group is the right choice for all the sports
betting data needs, betting operators could
access an extensive sports database that would
help in the informative and insightful analysis
and faster decision making. The data could be
adapted with odds from leading bookmakers and
combined in a single interface for seamless
integration. The rich database could also serve
as a secondary validation source for the
operators. Their interactive widgets system makes
presentation easy as well. With the pandemic
showing no signs of slowing down and the second
wave again threatening the world economy, the
dependence on online betting is much higher than
before, take advantage of the unique opportunity
and sail ahead. 
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Contact US

• Emai -sales_at_datasportsgroup.com
• Phone - 1 [phone]
• Address - 2600 Kinmere Dr
• City Gastonia
• State - North Carolina
• PIN 28056
• Country - USA