How Many Sports Betting Apps Are There in the US?
Thu, Aug 22, 2024
by
CapperTek
The US sports betting landscape has changed a great deal in recent years and more so after 2018, when the Supreme Court paved the way for states to legalize sports betting. The latter has seen an explosion of interest in the industry, with one major statistic being the rapid growth of sports betting apps available to users. Today, with just several taps on the screen, sports fans can make a bet on their favorite teams and events. But just how many sports betting apps are there in the US? Let's see the numbers and the reasons for such accelerated growth.
The Boom in Sports Betting Apps
Since then, many states legalized sports betting, and the number of sports betting apps increased by leaps and bounds. These applications are key to any punter who wishes an easy way to betting markets, live odds, and any promotional offers availed through easy access and convenience. Convenience and ease of access multiply the interest in sports betting exponentially.
In 2024, there are over 50 in-play sports betting apps available in the US, with new ones appearing all the time as additional states legalize sports betting; the number really does vary by state and jurisdiction. Some of the states that can boast having a pretty nice selection of sports betting apps are New Jersey, Pennsylvania, and Michigan. While newer or even more stringently regulated markets might have less to choose from.
Big Players in the Industry
With so much competition, specific providers have emerged as the top preferences for sports bettors. Some of the best sportsbooks available to bettors in the US are:
· DraftKings – DraftKings has stayed at the top due to its wide range of betting options, ranging from live betting to prop bets, making them a favorite for US bettors.
· FanDuel: Once a daily fantasy sports site only, FanDuel has really made a good name for itself as a sports bet operator, with good odds and a good user interface.
· BetMGM: Supported by MGM Resorts, BetMGM delivers an integrated betting experience across both online and in-person play.
· Caesars Sportsbook: Robust rewards program, every betting market you can think of, particularly popular with the pros.
Adding Up the Apps
Any effort to ascertain an exact number of sports betting apps must be well-avoided because every particular moment sees the market surge forth. Even with already more than 50 apps in the market, this number continues to go up with the steady launching and introduction of the apps as various states continue to open up to sports betting. The reasons for such a surge are varied and include more interest in mobile betting, technology, and competition within the industry.
For those looking to explore the best options in the market, a detailed guide to the top 10 sports betting apps provides an overview of the leading platforms in the US, highlighting their unique features and benefits.
The Role of Technology in Sports Betting
Technology has, on the other hand, been very instrumental in allowing the growth of sports betting apps. Mobile technology advances have grown so crucial due to the development of applications that make the process of betting seamless, be it live betting or the other instant cash-out mechanisms. The security and payment processes have now been improved, thereby enabling safer and accessible processes in online sports betting.
Cryptocurrency has also started playing a part in influencing the market; some apps have integrated crypto payments as an alternative to traditional banking methods. This innovation captures the increasing number of tech-savvy users who desire speed and confidentiality in their transactions.
What Sets the Best Sports Betting App Apart?
With so much competition, how does the cream rise to the top? The best sports betting apps share a few key features:
· User-Friendly Design: A premium sports betting app should be designed to be easy to navigate: evident and direct options to place a bet, as well as open and further manage or hold the accounts.
· Competitive Odds: App-aggregated odds play a great role in determining how much one makes in the end; therefore, it is paramount that a user ensures they use an app known to be having competitive odds on a regular basis.
· Promotions and Bonuses: Many apps offer welcome bonuses, free bets, and other promotions to fish in new customers.
· Multitude of Betting Options: The best sportsbook apps have a multitude of wager types, including but not limited to current, future, and prop plays.
· Safety and Security: A good app will always concern itself with user security by all means possible in order to keep data personal and financial safe all the time.
· Customer Service: The best will attend to their customers in an efficient and friendly way and solve any arising problem as soon as possible.
The future holds great promise for sports betting apps in the US. As more states go ahead to legalize this behavior, the number of apps available will only balloon. And, with technical progress, the betting experience can only be brought to a next level by using personalized recommendations, augmented reality, and more interactive interfaces.
However, the market shall equally face a number of challenges. Increased competition may result in market saturation, thus making it difficult for new apps to enter the market and develop ways to distinguish themselves. This makes it hard for new apps to come into the market and develop ways to distinguish themselves from the rest of the pack. Regulatory changes are also likely to impact the way in which apps have to operate in different states.
The sports betting app market, however much challenged, shall continue to grow, offering more choices in bettor experiences.
Conclusion
The number of US sports betting apps continues to rise, with over 50 currently and many more expected to be debuting with the expansion of the industry. The best sports betting apps combine easy to read layouts, competitive odds, and betting lines, with new betting options for almost every sport.