Over the last few years, the sports betting industry has experienced an advancement in technology. Players can now gamble from the comforts of their homes without having to make long drives to betting centers. There’s also a vast variety of betting platforms for players looking to bet on popular and less-known sporting events. But what does the year 2023 have in store for sports bettors? Based on the current betting trends, we’ve outlined some of the major betting tech developments you should look ahead to in 2023. Let’s dive right into the full details:
The most significant upgrade in the sports betting industry would be on betting apps for smartphones. Of course, betting apps aren’t a new thing exactly. In fact, several leading sports betting operators offer smartphone apps on Android and iOS devices for bettors to place their bets by just tapping their screen. However, mobile betting apps are yet to be widespread among operators in the industry. Rather than offer a standalone betting app, many sportsbooks prefer to provide mobile-optimized websites that are accessible via mobile browsers. While they do get the job done, they fail to offer the personalized experience that comes with using a mobile app.
Live streaming is a new development in the industry that is limited to only established sportsbooks. This is one area that has boosted bettors’ engagement, especially bettors that love to play live bets. Live streaming allows sports bettors to watch their bets unfold right on the sportsbook’s website. Thanks to the introduction of advanced networks like 4G and 5G, bettors can stream their favourite sports without lags or buffering. Live streaming is also a revenue stream for sportsbooks. By giving bettors the chance to watch their bets live, they would be more interested in placing more in-play bets on the platform.
Virtual sports are already a thing and bettors do love them, but with Virtual Reality, betting on your favourite sports becomes even better. The metaverse gave insight into the limitless potential of virtual reality which could be coming to sportsbooks in 2023. Virtual reality will bring tech enthusiasts to sports betting sites, especially with the inclusion of the likes of VR for live games and simulated sports. However, virtual reality will have the best effect on the casino sector of the betting industry. Notably, the live casino section of online casinos will benefit massively from this feature.
Better Payment Options
Presently, payment options at betting platforms are pretty secure. The top sportsbook utilises the best encryption methods to protect users’ personal and financial data. However, hackers are also developing new ways to crack these firewalls and access your personal info and financial information. 2023 will see online sportsbooks introduce better payment options with improved security to counter cyber criminals.
Sports betting across the world continues to get more bettors and revenue each year and it doesn’t seem to be slowing down. This is partly due to online sportsbooks adding multiple features to keep players hooked and interested. 2023 is going to bring many new features with the aid of technology.