![]() ![]() Gambling Commission in the UK emphasizes an increase in online betting products use due to COVID-19 (gambling industry is expecting technologies to open new opportunities).According to Google, the closure of brick and mortar betting venues led to the relative search interest boost.Globe Newswire notices increasing popularity of gambling apps (255% more downloads).BBC reports engaged online gamblers spend more during lockdown.We’d like to draw your attention to the following tips, making business owners aware of sports betting algorithms as valuable and demanded tools for bettors: They state that cost-effective mobile apps drive this growth significantly.īeing a global tech company, Innovecs delivers iGaming solutions and is focused on the market trends constantly. Grand View Research predicts 11.5% betting market growth until 2027. But Statista provides the following figures in 2020: the online gambling market is $58.9 bln and its gross win is $23.66 bln. It’s quite difficult to estimate the global betting market value because it’s not consistent with regulations worldwide. Sports betting software as sophisticated forecasting algorithms is able to find beneficial opportunities for gambling businesses.
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