Sports Betting Businesses: Things to Expect in 2020

2020 is going to be a big year for sports betting! If you have always wanted to be a part of this industry, now is a good time to join the other players. Read on and let’s talk about some of the trends to watch out for.

  • The Popularity of Fantasy Sports Betting

While sports betting will be huge in 2020, one niche that will gain more popularity is fantasy sports betting. With software like, you can create your fantasy sportsbook. Bettors can use this as a real sportsbook, but the biggest difference is that there is no money involved. This is an opportunity for players to see how the system works and to try their luck before they move to a real sportsbook.

  • Cryptocurrency will Gain Traction

Virtual money is a part of online gambling for more than a decade now. With this, it is understandable why the cryptocurrency is poised to be one of the biggest trends in sports betting this year. More bookies will accept alternative modes of payment, such as bitcoin. This will help to facilitate digital transactions anonymously. There is a minimal risk of identity theft, unlike when using credit and debit cards or other traditional modes of payment.

  • Becoming Legal in More Places

In 2020, we expect that more states will legalize sports betting. We anticipate that many states will have more lenient laws, which will allow bookies to operate without legal troubles. This means that there will be more opportunities that will open for entrepreneurs who are looking for an alternative income stream.

  • More Interactive Gaming Systems 

Online gaming and sports betting will be more interactive in 2020 and in the coming years. Because of the tech advancements, there are more opportunities for entertainment and engagement. With interactive gaming systems, there will be better experiences. From social gaming to online chats, businesses will incorporate various interactive features on their website.

  • Attracting Younger Audience

More and more businesses will be using bookie software to build a sports betting website. This is a response to an increase in demand. This 2020, it is expected that a big chunk of the market will come from younger players. With its popularity among millennials, this also means that sportsbook websites should be designed with the needs of young people in mind.

  • Embracing Artificial Intelligence

Sports betting businesses will embrace artificial intelligence to improve their daily operations. This will help in providing better in-game experiences. It can learn from the gaming behaviors of the players. Artificial intelligence can also help make better lines. It can also detect potential fraud.

If you have always wanted to build an online sports betting business, now is the time to do it. This 2020, it will be an even bigger industry, especially because it is expected that legalization will finally happen in more states. We will also see sports betting businesses embracing artificial intelligence, cryptocurrency, and younger players.