With millions of new customers joining online sports betting sites with the hope of striking it lucky, bookies compete for them. In short, this industry is highly profitable, a reason as to why plenty of bookies are seeking licenses to conduct business with the hope of enjoying a slice of the cake.
The online sports betting industry is one of the most profitable sectors.īased on a report by Market Research Future, the online sports betting market is expected to hit $59,530 Million at a CAGR of 13.6 by 2026. In fact, you may not be able to get an exact count of all of them. If you look around, you’ll notice that today, there are many sportsbooks in the market, each competing with each other for customers.
Each of these offers are designed in a manner aimed at promoting loyalty from players to the site in question. This can be in many forms such as free bets or an increase on the initial deposit placed on the site. The principle behind sign up offers is simple: each online sports betting site offers a certain advantage to new customers.
