Published on January 14th, 2025 | by Bibhuranjan

What technology makes sports betting possible?

Nearly a third of the world’s population has bet on sports at some point, which is almost 2.5 billion people. With the US legalizing sports betting in 2018 and many countries following suit, wagering on games has gone mainstream, drawing in millions of fans and earning billions in revenue. The sports betting industry is worth $115 billion in 2024 and still growing. Let’s look at the technology making all of this possible.

Mobile apps and websites

When sports betting moved online, developers replicated and digitized the services and features of betting kiosks. Modern sportsbooks feature everything you need to place a sportsbet, from games and betting lines to odds, stats, and live games. These features exist on websites, dedicated mobile apps, or in the cloud. You access them through a user interface that can be simple or complex, depending on the type of sportsbook. Popular sportsbooks like Betway also feature a lobby, social features, and leaderboards to make betting more immersive.

Payment technology

Sportsbooks are real-money casinos- they use actual money to place your bets. To bet on sports through a sportsbook, you must fund your account through a viable payment option. Top operators like Betway offer multiple payment options for in-app deposits and withdrawals. Each of these options is powered by a different technology.

Bank transfers, credit cards, and debit cards are products of e-commerce infrastructure, as are digital wallets like PayPal and Venmo and gift cards. Options like Apple Pay and Google Pay use mobile money software, and cryptocurrencies like Bitcoin are powered by blockchain technology.

Security software

Sportsbooks collect and store large amounts of user data. To protect your information from hackers and to protect themselves from fraudsters, sports betting operators equip their mobile apps and websites with security features. The most important of these features is data encryption technology, which renders data in transit undecipherable to unauthorized users. Other technology operators use to protect your data include:

Firewalls and antimalware software
Biometric scanners, including fingerprinting and facial recognition software
·Two-factor authentication
AI and ML to detect fraud through player profiles
Blockchain technology
Know your customer (KYC) software

To maintain regional regulatory compliance, operators also use geolocation technology to determine where you’re playing from and whether they are licensed to operate there.

Streaming and Augmented Reality (AR)

In recent years, sportsbooks have used AR and streaming technology to make online sports betting more immersive. AR augments digital information with your environment to deliver stats and odds to your primary screen during a live game. This application powers live or in-game betting and lets you make wagers on an ongoing match in real-time. Operators use streaming, cloud, and broadcasting technology to deliver this game to your screen.

Place your bets through the most reputable online sportsbook

Much innovation and investment has gone into developing safe, reliable, modern sportsbooks where you can bet on virtually any sport globally. However, not all sportsbooks are built in the same way. When picking an online provider to entrust with your time and money, check that the site is regulated, licensed, secured, and well-reviewed. Operators like Betway are popular because they check all these boxes. Happy betting.

Cover Image: Freepik

Tags: betway, online casino, sports betting

About the Author

Bibhuranjan Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.