Online betting has become a significant earner for several companies, and the advent of 5G has encouraged many companies to consider the earning potential of this pastime. Paysafe, a payment processor that conducts business in the UK, Germany, and the US, has released new research information regarding the state of betting as 5G becomes more widely available. From Paysafe’s report, a little under half of the bettors that the company surveyed revealed they would be inclined to spend more freely on in-play events with access to a 5G connection. 21% of those surveyed noted that they intend to increase their betting engagement overall, branching out into new sports.
More Support for Mobile Applications
At current, a lot of gamblers prefer to place their bets on mobile platforms. Smartphones and tablets are the chosen interface for as many as 37% of bettors. 5G will reduce slow response times from these mobile platforms, making it more engaging to place bets from them. Most of the bettors agreed that the use of a mobile platform freed them up by allowing them to make payments from anywhere they were. A little more than half of sports bettors were unhappy with placing bets from their mobile platform within a live event because of the unreliable nature of their 4G connections. Almost half of those indicated that, if they had a stable 5G connection, they would place bets on live events they were attending.
5G’s Importance to Online Betting
Two of the significant drawbacks to online betting while out and about, according to the report, have been the reliability and the speed of connections. 5G seeks to address these issues by offering lower latency and faster transfer times. Bettors with 5G connections will have access to statistics and information at an unprecedented speed. For those who base their betting on statistics, this will affect their willingness to make a bet. 5G seems like it may be a transformative force for the online betting industry, allowing for punters to use statistics from virtually anywhere, once they have a connection.