Sportsbook Pay Per Head Industry Forecast for 2019
According to gambling analyst, this year is bound to be very interesting for the Pay Per Head Industry. This is because several factors have been making the sports betting industry grow at a very rapid pace. As the sports gambling industry grows, so doe the Pay Per Head industry. Thus, the Sportsbook Pay Per Head Industry Forecast for 2019 is looking good for bookies starting or expanding their operation.
Furthermore, industry analysts believe the global gambling market will reach over $525 billion in revenue by 2023. This is because the industry is currently growing at a CAGR of 4% due to rising per capita income. In addition, global gambling revenues are growing faster because of the rise in online betting from North America and Europe.
One major factor that will help the Sportsbook PPH industry grow is the increase of sports betting in the US. This is because the first to enter these states will have the advantage at cornering the local sports betting market. Thus, the demand for reliable and affordable gambling software and infrastructure will rise in conjunction with the sports betting industry.
In fact, according to gambling industry analysts, Pay Per Head providers had record number of new clients this year. The majority of the new clients came during the months of July thru December. On average, the top PPH providers said their client acquisition grew by 15% in comparison to the previous year.
Gambling Trends and Pay Per Head Forecast for 2019
If 2018 is any indication of the potential growth for the Sportsbook Pay Per Head industry, 2019 should prove to be even better. At the moment, a total of 10 states have made sports betting legal within their border. Furthermore, at least 10 more states will pass bill to legalize sports betting in 2019. In addition, several more states are currently studying the possibility of legal sports wagering.
In addition, global gambling is also on the rise because of growth in various sectors of the gambling industry. These include a high growth trend in the e-Sports betting industry thanks to record number in revenue for 2018. According to the latest e-Sports report, the industry made over $900 million in revenue and a 30% growth from 2017.
If the Pay Per Head industry adopts e-Sports betting to their gambling options, it will positively affect their growth. Furthermore, online casinos have also shown an upward trend in the popularity of live dealer casino. The trend is mostly in the Asian and European market. Furthermore, the demographic shows that Millennials the majority users live dealer mobile apps.
Last is the growth of in-game live betting popularity in the past few years. This is because online gambling companies have been reporting up to 80% revenue growth in 2018. As more online sportsbook adopts live betting options, gambling experts believe its popularity will increase by 7% in 2019.
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