Mobile sports betting to explode with 5G: Paysafe

In a study released by Paysafe, they have concluded that 5G technology will have a profound impact on the mobile sports betting market, leading to a rapid increase in wagers. This according to the online payment service that owns such brands as Skrill, Neteller, and Paysafecard.

The report focuses on the impact of 5G technology in three specific markets: The U.S., the U.K. and Germany. According to the survey, 42% of regular sports bettors report that they would increase “their in-play sports betting activity with the emergence of 5G.” In addition, the research found that 21% state that they will increase the number of sports that they bet on once 5G technology becomes more prevalent.

The report is based upon an online survey that provided questions to 2,506 adults in the U.S., 2,231 in Germany, and 2,269 in the U.K.. It found that most of those who took the survey concluded that as 5G cellular connections became more common, it would open the door to them feeling more confident about placing wagers. This was seen in the fact that 48% of those surveyed said they would be more likely to place a bet using their mobile app once their cell service provided 5G connections.

Of the nearly 8,000 people surveyed, 31% stated that they do not gamble at all due to connectivity issues related to the 4G service they receive. An additional 27% were worried about not being able to place real-time bets because of connectivity issues. Only 14% reported having no connectivity related issues when placing bets, with that number dropping to 10% in the U.S..