Paysafe predicts an uptick in sports betting with introduction of 5G tech
Houston, Texas-based Paysafe, a leading specialized payments platform, has unveiled international research into the impact of 5G on mobile sports betting in the U.S. as well as the UK and Germany. The report reveals that just under half (42 percent) of regular (e.g. weekly) sports bettors across countries anticipate increasing their in-play sports betting activity with the emergence of 5G. And over a fifth (21 percent) say that 5G means they plan to increase the number of sports they bet on.
At present, only 14 percent of global sports bettors have no concerns at all about placing bets during events, with just 10 percent of American bettors unconcerned. Almost a quarter (22 percent) of sports bettors have concerns over delays in placing bets, and a fifth (19 percent) are worried about poor internet connection via their mobile device when placing a bet. One in five (18 percent) of sports bettors think they don’t have enough information at their fingertips be to be comfortable with making in-play bets.
With 34 percent of all active U.S. players preferring to place bets on a smartphone or tablet, the advent of 5G suggests that American bettors will feel more comfortable wagering more, as the risk of slow connectivity will be reduced. Furthermore, whether in the U.S. or Europe, over half (55 percent) of all current sports bettors said that the ability to make payments from anywhere was the reason why they used a mobile platform.
To obtain a copy of this report, visit www.paysafe.com.