Sports Betting Revenue Looks Set to Grow in 2022

Sports have grown in popularity, to what we could now consider as astronomical levels. There is so much investment in sports teams that they are widely considered as businesses, and this has led to fierce competition. The more money that is in the sport usually means the better the standard, and, as well as the introduction of bigger tournaments, this presents an opportunity for bigger and better sports betting markets.

Sports betting plays a major part in the whole sports experience, and the best sports betting sites in the US according to Betting.us bring you more than just sports markets to bet on, but there is also the opportunity for some incredible bonuses and promotions, as well as multiple ways to perform transactions. We are going to look at sports betting in 2022, and why it looks like it will be a great year for the industry.

Super Bowl LVI

13th February is a date that many sports fans across the world will have penciled into their diaries. The event is a true spectacle and truly defines American sports. Leading the way for many years is the marvel that is the dominant Tom Brady. In what was one of the most unexpected sporting events of 2021, the Tampa Bay Buccaneers who had signed Tom Brady, played the Kansas City Chiefs in Super Bowl LV, and managed to emerge victorious, allowing Tom Brady to pick up his seventh Super Bowl ring. Not only was it a special event, but it was an event that generates a lot of interest from punters who like a sports bet. The 2022 Super Bowl LVI event will be yet another opportunity for the sports betting industry to thrive. 

A Life We Once Knew?

With the global covid-19 pandemic seemingly on its last legs, the world and its inhabitants are looking forward to a return to a life they once knew.

The most excited amongst these people are arguably sports fans, who have seen their time during the pandemic hurt with the cancellation of sporting competitions, regular postponements, and not having the opportunity to go and watch their team live due to restricted capacity numbers. These disruptions to the fixtures calendar have meant that the sports betting industry has also suffered, purely because there have been fewer available markets for punters to gamble on.

However, 2022 brings a new hope that life will go back to normal, and sports will be able to thrive once again. If sports are thriving, then sports betting thrives too.

World Cup Qatar 2022

If there is one thing to drive sports betting revenues to new highs, then it is an international tournament. The World Cup Qatar 2022 is due to kick-off on November 21st, at Al Bayt Stadium, Qatar. The whole world will be watching as the best players in the world come together to compete for the coveted FIFA World Cup Trophy, with tickets for the final going for as much as $1,600. The nation that emerges victorious will go down in the history books and will have its name engraved onto the trophy forever. One thing that can be certain is that punters all over the world will flock to their trusted sportsbooks where they will be presented with a variety of World Cup betting markets.

Another major international tournament is the Euro competition, which was last held in 2021 (re-scheduled from 2020), generated record revenues. With more people watching the World Cup, you can guarantee that this will be a peak in the sports betting industry for the year.

A Promising Year Ahead

With the world looking like it could be returning to some form of normality, and the return of regular sporting fixtures, the sports betting industry can only improve on the last couple of years. 2022 is also a year that will see some major sporting events like Super Bowl LVI, World Cup 2022, Six Nations Rugby, Winter Olympics Beijing, and many others. All of these events represent great opportunities for punters to have bets that they wouldn’t usually have the opportunity to do, so when the events are all packed into one calendar year, you can safely say that sports betting revenue will grow in 2022.

Huynh Nguyen

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