How has online betting transformed sports?Sports betting has undergone a great growth in the last few years, and most of this credit shouldgo to its online branch. Matter of fact, this industry has been able to spread its arm so far you’llrarely see a football team that didn’t have a sportsbook logo on their jersey.The sports industry is among the world’s most thrilling industries, and part of its grip is becausepeople have for the longest time enjoyed watching and playing sports. Although it has been animportant part of the world for ages, it managed to recently reach new levels, thanks to onlinebetting.The introduction of online sports betting to the scene is transforming sports and how fans engagewith it. This influence has had both positive and negative effects, which we have sampled in thisarticle. Keep reading to find out the whole thing. The Positives:These are some of the positive ways online betting changed sports:Progressing The Gambling Industry’s GrowthOnline sports betting has become quite popular, and has been on an ascending trend, withanalysts predicting the global sports betting market size to grow up to 10% till 2028, racking in$140 billion worldwide.Part of this growth can be linked to the several US states that legalized sports betting. A researchby the American Gaming Association states that sports betting grew 63% in the US, with morethan 18 million Americans betting on the NFL.In Europe as well, 41% of all the online gambling revenues were from sports betting. Going bythis data, the online sports betting market has huge potential. Its growth has had a positive effecton the gambling industry in terms of generating profits. Convenient BettingOnline betting has provided many ways to bet on sports easily. Bettors can place more than onesports bet in minutes, without them having to visit a local bookmaker. Online betting also saves players the time and money they’ll spend in a bookie’s store. Insteadthey could just take up their phones, tablets, and laptops, and do everything they would havetraveled to do. Timely UpdatesThe widespread nature of online betting thanks to the internet, has made it so that small gamesand tournaments can reach people globally. It has also enabled them to find sports news thatcover every league and tournaments, worldwide.No matter what you wish to know, whether it is a prominent league or a lesser known one, youcan find it on one of the Internet’s numerous news sites. What’s even better is that these siteshave in-built translators that help you read the updates in any language you prefer. Gamification of sportsNasdaq experts reckon that the growth of online sports betting, may be because of thegamification of sports. Gamification transformed the interaction people have with a sports match,by including gaming elements.Live betting is one good example of sports’ gamification, and it has been used by most onlinesportsbooks. Live betting or in-play wagering, changes the experience people get from justwatching a game, to actively participating and connecting better with the event.Gamification can also be noted in online betting communities. Gamblers talk to each other onforums and discuss their predictions trying to find value or gain an edge on bookmakers. Bonuses and PromotionsThe bonuses and promotions you’ll get from online sports betting sites, put to shame the onesyou would get from local sportsbooks which are just a handful of betting specials they offeroccasionally.Betting online offers you the opportunity of making thousands of dollars in bonus cash, all due tothe incredible bonuses and other promotions these online sports betting websites provide. Thisway you bet on sports and still earn a sizable amount in bonuses.The welcome bonus offered by sportsbooks is the most lucrative gift online sportsbooks givetheir punters. Bonuses differ amongst betting websites, with each one trying to outdo the otherby offering higher and better deals than the rest to attract customers. By signing up with an online betting site with good bonus deals and promotions, especially welcome bonus, you coulddo a lot by simply signing up and depositing money.On the other hand, we’ll give you the chance to earn bonus cash through other bonuses andpromotions like reduced juice deals or promotions revolving around you betting on an unpopularsporting tournament. EsportsBetting over the internet didn’t just make the sports industry more accessible, it also led to thedevelopment of a new type of sport, which is eSports. This sport happens solely online, whichmeans the people who compete in it, do so from different parts of the world, uniting virtually fora common goal, to play. Expanding Revenues For LeaguesIn the United States, the spread of betting legalization is set to bring in significant revenues intothe pockets of major sports leagues. Experts say that American sports might earn more than $4billion through advertising, sponsorships, and increased viewership.In English football, betting sponsorships brought in more than $140 million in the past years,with a close second being Spain at $70 million. But, the American society is more accepting ofthe gamification of sports.In England, new figures show that gambling sponsorships will be split in half from 15.3% –8.1%. Some people foretell a collective ban on gambling sponsorships. While these are allspeculations, many clubs with sportsbook companies as their main sponsors, are worried.Market movements showing that online sports betting has come to stay, making it strange thatsports leagues and clubs would be deprived of better sponsorship deals. Variety Of SportsOnline betting offers bettors a more extensive variety of sports they can bet on and types of betsthey can place, than they would get from brick and mortar sportsbooks. This also means thatplayers can place all their bets in one place.Most online sports betting sites provide you a more extensive selection than what you’ll find in aland-based sportsbook. Sportsbooks typically carry bets on sports like soccer and football, online sports betting sites offer you something rare like fantasy sports. Online also accepts bettingaction on esports. Betting advertisingAdvertising impacted the growth of sports betting, and also changed sports. You cannot watch aSunday Match on TV, without seeing multiple ADS from every type of bookie. This also goesfor when you read about your favorite athletes