SPORTEL Rendez-vous 2022 continues this Tuesday, 16, in Miami, United States. One of the most relevant events for the sports business sector, the convention continues with a first-class agenda and covering topics that are mobilizing players, specialists and professionals from all over the world.
The first debate of this second day of SPORTEL focused on the US betting market, which has been booming since 2018. Since then, several states have launched their legal markets and other regions of the country are working to regulate the practice soon.
Dashboard: Navigating the US betting market
With that in mind, the iGaming Brazil portal team followed the entire panel, entitled ‘Navigating the US betting market’, which was moderated by Eric Fisher (SportBusiness Group) and participated by Steve Byrd (Sportradar), David Miller ( PGA Tour), Jed Corenthal (Phenix Real – Time Solutions) and Chris Bevilacqua (Simplebet).
Jed Corenthal stressed that sports technology still needs to evolve to end the delay of a few seconds between ‘real and virtual’. “Streaming and broadcasting technology still has a lot to improve, it seems little but the 20 second delay between real and virtual can still represent losses for sports betting”, he declared.
In addition, the first conversation of the day evaluated the process of legalizing the activity in the United States and the revenue potential in relation to the high expenses for the operation. “There is a great popular demand for sports betting fighting with a disorganization of public policies to establish clear rules in betting”, said Chris Bevilacqua.
The current landscape of fantasy sports versus traditional sports betting was also raised during the panel. Thus, David Miller mentioned that golf presents itself as an interesting modality for the betting market and that it is managing to take advantage of new forms of interaction.
“Golf is new to the sports betting world and it’s growing, we’ve been experimenting with a lot of new formats of integrations, but in a conservative way and always preserving the main sport,” said Miller.
