In Spain, the sports betting and games of chance sector is very important and is big business.
The easy access to the internet has generated a great economic expansion in this activity and sites like https://topbettinglists.com/ manage the best sports betting houses. Sports betting constitutes a much more important segment than all other sectors in the activity of electronic commerce.
This information, according to the National Markets and Competition Commission of the country, mentions that it is worth engaging in games of chance in Spain.
Many people would think that the legal sports betting market does not bring any benefits, but studies show otherwise. Casino games and sports betting provide entertainment and employment for hundreds of thousands of people.
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It should be noted that most of the users of these pages are people who are dedicated to working from home. In sports betting they see the opportunity to get away from the routine and generate extra income at the same time.
The growth of e-commerce is largely due to the sports betting industry. It is an activity in which more than 165 billion dollars a year are involved, something very big to be ignored.
It is a great business for Spain
Looking ahead to this new decade, sports betting can be taken into account as an important economic activity. These carry out the largest number of e-commerce transactions in Spain, far surpassing restaurants and shopping centres.
The country registered for the third quarter of last year 284 million transactions in the field of sports betting, this amount represents an increase of 10% compared to 2020, leading the sales ranking by 6.9%. Food establishments followed with 6.5% and department stores with 6.2%.
In addition to this, annual studies highlight that the Spanish community greatly enjoys games of chance and sports betting. For 10 years, from 2010 to 2020, more than 80% of people participated in sports betting annually. That last year, 84.9% of sports betting lovers were registered and in 2021 it had a slight drop of 4%.
Sports betting as an investment method
Of other investment possibilities, sports betting is the most lucrative as it educates investors about positive and negative returns. When proper technique is combined with the elements of variation inherent in betting, an attractive atmosphere is created for lovers of risk.
Therefore, thanks to its legalization and its increase in popularity, it is possible to invest in the stock market and own shares in sports betting. The most obvious place to look is companies directly involved in sports betting.
As is the case with those that manage the applications that allow bettors to deposit their money. If you want to be present in this expanding market, this is probably the best option.
Another form of investment would be to focus on much larger gaming companies, such as casinos. Many casinos operate physical and online sportsbooks, and when entering those operations, actions in the games and hotels are also involved.
Exchange-traded funds, or ETFs, are one of the hottest investment trends of the last two decades. If you want to invest in sports betting, online gaming, and traditional physical locations, you could opt for a gaming ETF.
With an ETF players could gain broad exposure to the sector without having to pick a winner, and could play the reopening trade as more people travel and go to casinos.
Sports betting is growing in popularity, and could be an attractive place to invest, especially as new forms such as app-based betting expand.