Oregon Lottery debuts the Scoreboard app -- a live sports betting application. The launch is seen as providing fans "a true mobile-based sportsbook that gives players the opportunity to wager on a variety of pro sports." Through the ability to bet live, the app allows users to take full advantage of in-game situations.
As online betting is a highly regulated activity, Scoreboard makes Oregon the eighth state that enables an app of this kind. For perspective, live sports betting applications are legal in a total of 12 states. With an estimation of $300 million to be placed in wagers for the first year, Scoreboard has a certain level of promise for its creators.
The mobile application took some time to develop, as the company was ensuring that it functioned properly. It was created with the help of SBTech.
Image Credit: Oregon Lottery
Why This Trend Is Growing
- Live Sports Betting Apps
- The growth of live sports betting apps presents opportunities for further innovation in mobile betting technology.
- Mobile Sportsbooks
- The rise of mobile sportsbooks highlights the need for seamless and user-friendly interfaces for sports fans.
- Regulated Online Betting
- As more states legalize online betting, companies can capitalize on innovative solutions that streamline the regulatory process.
Industries Being Reshaped
- Sports Betting
- The sports betting industry can continue to innovate in the mobile space to cater to the growing demand for mobile sports betting apps.
- Mobile App Development
- The development of mobile sports betting apps offers opportunities for software companies specializing in mobile application development.
- Regulatory Compliance
- The increasing demand for regulated online betting presents opportunities for businesses specializing in regulatory compliance and technology solutions.
