Sports Betting Industry Anticipates Billion Dollar Growth After California Introduces Sports-Wagering Bill
SAN JOSE, Costa Rica - June 28, 2019 - PRLog -- This Thursday, California Assemblyman, Adam Grey introduced proposed legislation that aims to legalize sports betting in the state of Califonia, potentially adding millions of dollars into the $115 Billion sports betting industry. PayPerHead.com, the leading sportsbook software company in the world, is citing that a legalized California is an "industry game-changer."
Nate Johnson, Product Manager of PayPerHead.com, states that the coming legalization will be an industry innovation and bring outrageous growth. "California is home to 39.56 million people - larger than the population of all of Canada - and has the world's most famous and innovative tech sector, Silicon Valley." "This will not only bring the opportunity to innovate the industry but to also grow by millions of dollars."
It wouldn't be the first time that Silicon Valley tech influenced the sports betting industry. In 2018, Artificial Intelligence was introduced to the industry, poised to integrate with betting platforms and manage and predict odds and lines in real time. PayPerHead, estimated that A.I. integration could make analysts and programmers more important than Bookies by 2025.
"If a state like California legalized sports wagering, the tech that it could contribute - along with its massive population - would increase industry profits significantly and turn the industry on its head," commented Johnson. "There will also be more interest from individuals looking for pay per head sports bookie business opportunities and the technology available to people wanting to get into the industry. Industry-leading companies like Payperhead will likely be on their radar to join."
In previous reports, the sports betting industry was expected to surpass $155 Billion Annually by 2024. However, that number has been largely dismissed by industry experts. PayPerHead states that if California legalizes sports betting within the next year, the industry would surpass that figure tremendously.
"Legalization in California would also bring billions of dollars in revenue for the industry. California has some of the most watched sports teams in their respective leagues. If the fan-bases of the LA Kings, Lakers, Dodgers, Raiders, Rams, 49ers and others all began to freely and legally bet on sports games, it would spark tremendous growth. We couldn't put a number on it."
About PayPerHead.com: PayPerHead (http://payperhead.com), founded in 1997, is the industry's leading per head online bookie software in the world, providing user-friendly tools and unmatched customer service. PayPerHead.com's agents reach unprecedented profits through its sportsbook software and unmatched list of supported sports. To date, PayPerHead.com has provided service for over 13,000 users with professional and discrete data processing services around the globe. For more information visit http://www.payperhead.com.
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