SiGMA

Lack of understanding a key deterrent to would-be sports bettors

Posted: Oct 17, 2022 12:39 Category: Americas , Online , Sportsbetting , Posted by Sharon Singleton

Non-bettors would be 78 percent more likely to bet online if they had greater education and understanding of the process, a study commissioned by WagerWire found.

The study was carried out by market research and analytics company, Leger. It found that 43 percent of respondents who aren’t wagering online said it was due to a lack of knowledge about sports betting. A further 41 percent said they didn’t know how to bet online, while 23 percent said they don’t know how or where to bet on sports. 

“The data from our study clearly shows how a lack of adequate betting education is the greatest barrier to entry for would-be bettors. However, education is also the industry’s greatest opportunity to grow and expand,” said Zach Doctor, the cofounder and CEO of WagerWire.

Basic understanding to drive growth

“There is a notable impasse in the current sports betting landscape regarding operators pulling back on their promotional and marketing spend, while also striving to grow their user bases and gain market share. While promotions and free bets are flashy, basic betting education can be the formula needed to develop more confident, engaged, and responsible players that will result in a stronger, more sustainable industry.”

The study was completed between July 8 – July 21, 2022, including 500 U.S. sports bettors and 200 non-sports bettors.

WagerWire is a marketplace for open sports bets. It says it will release further findings from the study over the coming months. 

Join us: 14 – 18 November 2022 MALTA
Being one of the first European countries to regulate the gaming sector, Malta is a hub of global business. The island is an obvious choice for SiGMA’s presence in Europe and a strong foundation for the field’s future. With a plethora of prospects for both investors and entrepreneurs looking to shape the future of this multi-billion dollar business, Malta Week will bring together industry giants among the affiliates, operators, and suppliers of the gaming sector. Our networking activities, including the extra cultural excursions, dinners, and networking drinks are solely open to Premium and Platinum ticket holders. Choose your ticket type here.

SiGMA – World Gaming Festival – SiGMA 2022: MFCC, Malta

SiGMA World is a leading platform for igaming, betting & esports industries. With a well-earned reputation for networking events.

Related Posts

IMG ARENA to buy Leap…

IMG ARENA said it had agreed to buy Leap Gaming to boost its sportsbetting content, building on an existing relationship. …

India asks Google to drop…

India has requested Google not to display surrogate adverts for foreign betting companies, the Mint newspaper reported on Wednesday. In…

MegaPari is a Rising Star…

EGR Nordics Awards honor operators and service providers that showed outstanding excellence in creativity and performance in providing online gaming…