THE ECONOMICS OF SPORTS BETTING

Mehmet Kargün, Yavuz Selim Ağaoğlu, Mustafa Kaya

Abstract


It is known that the concept of betting was seen even in prehistoric times. It can be said that betting has emerged with the process people started to live collectively, specifically with sport organizations. With modern times, sports have been involved in a process from the field to the stock market, and inevitably with the 19th century, betting and sports have almost moved together. Today, in the general context, the concept of betting can be seen in every field of sports. As a result of IBIS World's research dated September 2019, the sports betting industry made a profit of $ 221 billion in 2019. This study provides information about the economics of sport betting, the historical development of betting, factors affecting participation in betting, definition of betting and betting in Turkey.

 

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sports betting, sports betting industry, betting games

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References


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