The Future of Virtual Sports Betting: Everything You Need to Know
The sports betting industry has turned itself into one of the most profitable industries across the globe. Even after witnessing its fair share of ups and downs, legal and jurisdictional challenges, it’s evident that this industry is going to thrive no matter what. Today the sports betting industry has successfully evolved itself from land based bookies to full-blown online industry.
When anything becomes a part of the internet, it starts evolving at a rapid pace. It seems like technology can literally solve anything. And now, it even has a solution for all the punters who want betting action 24/7. A new sector has successfully stolen the spotlight in the iGaming industry. Yes, you’ve guessed it right.
It’s the virtual sports betting industry. And its future is in the air. Today, every virtual sports betting software owner knows it’s a highly profitable industry that can help them make big bucks.
So is it just a trend? A hype? Or is the virtual sports betting industry really here to stay? This blog contains everything you need to know about the virtual sports betting industry’s future. Let’s take a look at the future of this lucrative industry that has got everyone talking.
Let’s start from the beginning.
History of Virtual Sports Betting Technology
Most people believe that virtual sports came into existence just a few decades ago. But, surprisingly, that’s not true. In 1961, John Burgeson coded a fantasy baseball game in his IBM 1620. The size of the program was only 20kb. This event marked the beginning of virtual sports.
After a decade, people were able to experience horse racing machines along with slot and poker in the gaming arcade as well as in the casinos. And the industry witnessed the rise of virtual sports betting.
The year 1980 was the era of technological advancements and computer software innovation. And the same year witnessed the creation of virtual sport titles and advancement in virtual sports betting technology. By the end of 1990, casinos started accommodating computer generated simulation games for the gamblers to bet on. And as the time progressed and as more innovations took place, the simulations got more refined, more advanced, we ended up with what we call virtual sports today.
Future of Virtual Sports Betting Industry:
Assuredly, the future of virtual sports betting is shining bright. And the virtual sports betting trends and stats are also extremely impressive. The industry has already witnessed massive growth and there are several more growth opportunities in the future as well.
Now, let’s look at some virtual sports betting trends in statistical values.
A source mentions — the virtual sports industry was worth $14.4 Billion in 2024. Another report states that the complete sports betting industry was worth $100.1 Billion in 2024. The virtual sports betting market is expected to reach $110 Billion by 2034 with a strong CAGR of 22.60% between 2025-2034. Asia-Pacific led the virtual sports betting market in 2024, grabbing more than 38% of the market share and raking in $5.5 billion. Virtual sports betting alone makes up 3% to 5% of the revenue generated in the UK by gambling.
Top 10 Future Trends in Virtual Sports Betting
The virtual sports betting industry can witness massive improvement in a few major areas.
Visual Sports Graphics
The graphics play a key role in virtual sports. The better the graphics, the more immersive the experience. Hence, operators that are planning to invest in this lucrative industry must invest in the latest virtual sports betting technology that enables them to craft unforgettable betting experiences.
Bet Types
The second area is bet types. With time, new betting markets will emerge which will add more complexity to the games, and hence new bet types will also make appearances. When punters get access to various bet types, the gambling experiences will be more engaging.
Artificial Intelligence (AI) & Machine Learning (ML)
Virtual sports betting is getting smarter with AI and machine learning. These next-level algorithms are extracting tons of data to give bettors personalized stuff, live odds, and even predict outcomes. Expect virtual sports betting to become more realistic through artificial intelligence. Digital athletes will display human-like behaviors and varied performances within increasingly sophisticated simulations.
Micro-Betting
People are really getting into virtual sports betting because they want that instant thrill and to stay hooked on games while they're happening. It's all about the quick betting options during live events, like betting on what's going to happen in the very next play.
Virtual Reality (VR) & Augmented Reality (AR)
VR and AR are about to shake up sports betting by making it super immersive and throwing real-time data right into the broadcasts, which will totally pump up the engagement. Get ready to dive into virtual stadiums, connect with digital athletes, and make live bets. This tech is totally going to blur the lines between real-world and online sports.
Blockchain & Cryptocurrencies
Blockchain makes virtual sports betting better by being open and safe. Crypto coins allow for quick, secure payments and help more people around the world join in on the betting action. With even more acceptance and use cases of blockchain and cryptocurrencies, more digital currencies will be implemented.
Social Media & Community Involvement
Getting social media really woven in helps virtual sports betting platforms build communities and shared moments. This can make users stick around and get even more into the action. Virtual sports betting is about to get way more fun with social features. You'll soon be able to challenge your buddies, join virtual betting leagues, and brag about your wins on social media. This social aspect is just going to keep getting bigger.
Cross-Platform Integration
Virtual sports betting is about to get a whole lot better with cross-platform integration. You'll be able to bet and watch events seamlessly across your phone, smart TV, and game console - whatever you like to use!
Fan Engagement
Personalized experiences will significantly boost fan engagement. Virtual sports platforms will leverage data analytics to customize betting options and content according to individual preferences. Based on bettor’s betting history, they will receive tailored recommendations and insights.
Diversification & Innovation
Looks like virtual sports betting is going to get a whole lot more varied. We'll probably see a bunch of new virtual sports and betting types popping up, so there will be more stuff to bet on. It won't just be football and horse racing anymore. Expect to see a wider range of options. All this tech they're putting into it should mean better, more fun experiences for users too.
Want To Know More On How To Get Started With The Virtual Sports Betting Software?
Impact of COVID Pandemic on Virtual Sports Betting Trends
The COVID pandemic hit every industry differently. There were several that struggled to survive and several that finally witnessed their doom. But that wasn’t the case with the virtual sports betting industry. Instead, this was one of the industries that rose to fame. The Pandemic pushed the punters to try something new. People were already looking for new ways to get entertained. And the virtual sports betting industry filled the gaps.
The COVID pandemic not only increased the number of punters by 30% but also saw a surge in the number of virtual sports betting operators. Several new platforms emerged in a short span of time, offering various virtual sports betting opportunities to punters looking for quick cash while being entertained.
Virtual sports betting is fun to watch, each event takes only a few minutes, offers various betting options, is easily accessible, offers various odds and lastly, is supported by various devices. Also, the advancements in gaming technology is also blurring the line between real-world events and virtual sports. Today, every virtual sport offers an exhilarating experience to punters on their fingertips, 24/7.
Doubtlessly, the virtual sports betting industry created a fan following of its own in a short time, but the industry is also booming at an unimaginable pace.
The COVID pandemic not only increased the number of punters by 30% but also saw a surge in the number of virtual sports betting operators. Several new platforms emerged in a short span of time, offering various virtual sports betting opportunities to punters looking for quick cash while being entertained.
Virtual sports betting is fun to watch, each event takes only a few minutes, offers various betting options, is easily accessible, offers various odds and lastly, is supported by various devices. Also, the advancements in gaming technology is also blurring the line between real-world events and virtual sports. Today, every virtual sport offers an exhilarating experience to punters on their fingertips, 24/7.
Doubtlessly, the virtual sports betting industry created a fan following of its own in a short time, but the industry is also booming at an unimaginable pace.
If you’re targeting casual gamblers, focus on creating mobile casino games, whereas if your target audience is professional gamers, then go for desktop casino games.
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How Gammastack Can Equip You With Advanced Virtual Sports Betting Software
Equipped with two decades of extensive experience, expertise and knowledge, GammaStack brings you most advanced, innovative and state-of-the-art virtual sports software solutions that enable you to appeal to your customers, enhance engagement, maximise participation, increasing customer retention while elevating your ROI.
We specialise in providing various robust virtual sports solutions that include greyhound racing, horse racing, football, basketball, tennis and more. Our teams of designers and developers craft one of a kind virtual sports betting solutions for you that deliver realistic virtual sports experiences.
Choose from our custom as well as ready to launch virtual sports software solutions and start accelerating the growth of your business today!
FAQs - The Future of Virtual Sports Betting
Some of the most popular virtual sports include football, tennis, basketball, horse racing, greyhound racing etc.
As per the records, the viewership of virtual sports betting is recorded around 500,000,000.
The average worth of the virtual sports betting industry is around $12 Billion to $15 Billion.
Yes, we specialise in turnkey as well as white label virtual sports betting software solutions.
Of course, you can opt for our custom virtual sports software development services and get your unique ideas developed.
Virtual sports betting has odds that are decided beforehand and don't change. Even though the odds are set, the results are still random, so you never know exactly what's going to happen.
Not usually. We use certified random number generators (RNGs) and complicated algorithms to make sure all virtual sports betting is fair and justified, with no chance of anyone messing with the results.
Source
- https://scoop.market.us/virtual-sports-betting-market-news/
- https://www.grandviewresearch.com/industry-analysis/sports-betting-market-report
