The most obvious benefit that sports leagues have enjoyed since the emergence of sports betting is the profound spike in their earnings. In this article, we seek to examine the costs as well as the benefits associated with sports betting and whether the sports industry is in better position since the emergence of sports betting. An industry with such figures wouldn’t exist if it wasn’t for the underlying pillar, the sports themselves, which, over the years, experienced the best and worst of what the sports betting industry has to offer. ![]() Such shift in the perception of sports betting laid the path for the formation of a gigantic industry, with an estimated market size of $203 billion generated by over 31,000 businesses that employ north of 190,000 employees. In today’s society, with some natural exceptions, sports betting is totally acceptable and is certainly something that nobody should be ashamed of. Back in the day, sports betting was viewed as a shady act usually performed by people viewed as outcasts of society, regardless of whether people of all income levels actually engaged in it. One such taboo, that’s currently prevalent across our lives is sports betting. Over the past decades, we’ve seen old ideas being replaced by new visions and conventional taboos becoming part of our everyday lives.
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