And according to a Statista survey, almost 50 % of people 18 years and older in the United States have placed a bet on a sports event at least once in their life. However, the online sports betting industry is held back by the various challenges and obstacles that have been prevalent in the betting industry.Īsia is the biggest market for gambling and sports betting. Being one of the most profitable industries in the world, investors have been looking for ways to invest in this lucrative industry and fetch hefty profits for their business. Online sports betting is accentuated by the plethora of sports fans that love to watch and bet on their favourite sports. ![]() The online sports betting industry is thriving and is among the fastest-growing industries in the world.
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