Sports wagering was, of course, wildly popular even before the Internet and online sports wagering was invented but there is no doubt that this technological advance has done wonders to improve the state of conditions on a global scale. Just as the Internet has had an important impact on just about every other facet of life is no exception. In fact, the sports wagering industry has perhaps benefited the most of any other single industry in the world.
It would in fact be very difficult to argue that in terms of commerce that any other sector had benefited so much from new Internet technologies as the online sports wagering sector. Almost every segment of industry has benefited from the new avenues for business created by the Internet but nothing really comes close to absorbing the same kind of impact.
The reason and overwhelming explanation for this is actually quite simple. Whereas retail industry such as clothing or electronics or large chain stores have seen business boom since the creation of the Internet, these sectors all had wide spread markets before the Internet.
Sports wagering on sports has been, and still is illegal in the US, aside from on the Internet. Therefore it was all but impossible to engage in anything but a very informal scale among friends before the advent of online sports wagering.
But once the Internet technology became mainstream and much more popular and easy way to conduct business forward thinking entrepreneurs seized the initiative and brought sports wagering to the Internet. By doing so they were instantly exposed to huge markets that were unreachable before sports wagering was placed online.
Because the Internet belongs to no one, or no country, governments are helpless to regulate it and therefore the sports wagering industry is completely legitimate as are the sports wagering activities conducting online by sports bettors.
As such, there are no other industries that were quite in the position of the sports wagering industry to enjoy the type of growth that it has. Retailers enjoyed a slight boom in business but they were simply augmenting commerce that had previously existed with clients.
These clients were being exposed for the first time and as such the growth has been explosive.