Introduction: Online betting has become a popular trend in the modern era of technology. The ease of access to the internet and the rise of mobile devices has made it easier for people to engage in online betting. This study aims to analyze the emergence of online betting and its impact on the gambling industry. Methodology: This study is based on a comprehensive review of literature related to online betting. The data was collected from various sources including academic journals, industry reports, Washington Post Today and online publications.
The study also includes a survey of 100 online betting users to understand their behavior and preferences. Findings: The findings of this study reveal that online betting has become a significant part of the gambling industry. The online betting market is growing at a rapid pace and is expected to reach $92.9 billion by 2023. The primary reason for the growth of online betting is the convenience it offers to users.
Online betting platforms are accessible 24/7, allowing users to place bets anytime and anywhere. The study also found that online betting has led to the proliferation of new forms of gambling. In addition to traditional sports betting, online platforms now offer betting on virtual sports, e-sports, and other non-sport events. These new forms of gambling have attracted a younger audience and have helped to diversify the gambling industry.
The survey conducted as part of this study found that the most popular form of online betting is sports betting, with football and horse racing being the most popular sports to bet on.
