One of the best ways to earn money in the gambling industry so to start your own sportsbook. Traditionally, the cost for this is too high. But with a Pay Per Head provider, starting your own sportsbook is affordable, and easier to do. It is also a great time to get into the pay per head business, as the market for sports betting continues to grow.
In the case of the US, for example, sports betting is getting a big boost after last year’s Supreme Court reversal that now allows the legalization of sports betting. There are now 8 US states who now offer sports betting in different forms.
Sports Betting Action in the US
Aside from the 8 states, there are also 7 more states that are slated to legalize sports betting before the year ends. Industry experts predict that the US could be the biggest market for sports betting in the years to come. If course, this will depend on the number of states that will allow for sports gambling.
There will be pressure for some states to fast-track the legalization of sports betting for one reason: competition. New York, for example, is losing money from people who cross over to New Jersey to be able to gamble. This means losing possibly hundreds of thousands of dollars annually of revenue from taxes to New Jersey.
And it’s not only the local governments who stand to gain from this. The added interest by gaming companies can contribute to sports leagues through partnerships and sponsorships of individual teams or sports leagues themselves. And with an interest in sports betting, there may be an increase in ticket sales, or tv and streaming ratings since bettors will want to watch the games and/or play in-game wagers as well.
Keep in mind that the numbers will vary for each state, but gambling revenues could be as high as $2 billion to $5.8 billion annually within the next 5-7 years.