One of the market analytics websites, Bloomberg, claimed that by 2030, the online sports betting market will be $298 billion with a CAGR of 9.2%.Based on a close analysis by Statista, the online sports betting market is expected to reach $44 billion in 2023.Let’s have a look at the stats to have a glance over the online sports betting industry. Another reason is the legalization of betting in different parts of the world. The evolution of smartphones, improved internet speed, and investment fueled this growth. The online sports betting market has grown tremendously. Here, we have created a blog that will make your journey smooth and let you know how much it costs to develop sportsbook betting apps like bet365. But there are some points you need to know before developing the sports betting mobile app, where cost is one of the important factors. Bet365 and apps like Fanduel Sportsbook are good references if anybody is interested in sports betting app development. It is one of the revenue-generating ideas.

However, the betting market is rapidly growing, and it is one of the trendy methods contributing to the global economy. Still, sports betting is a legal matter in some countries. By the time you read this article, the online sports betting market will have crossed over US $44 billion in 2023. There is a high demand for sports betting mobile apps.

In the past couple of years, sports betting software has redefined betting methods, which makes mobile betting one of the most popular methods today. The best examples are FanDuel, Draftsking, and Bet365. Now, on your mobile screen, you can bet on any sport, as multiple sports betting mobile apps are available. Since the evolution of technology, traditional betting has been replaced by new methods.

Sports betting online app