The relationship between match fixing and betting
Both the sports and sports betting industries are vast in terms of value but also impact on the worldwide economy as well as society. In 2020 the global sports industry was worth up to $620 billion, while the sports betting industry was worth approximately $200 billion. Time and again we have discussed the impact of the sports industry around the world, whether through creating job opportunities, bringing fans together at sporting events, or motivating athletes break world records. In last week’s article, the impact of the sports betting industry was addressed, evidencing that sports betting is now part of the sports culture in such a way that the two industries have come to complement each other. For example, in England, betting sponsorship of sports amounts to more than £70 million per year, and many clubs in the English football league have been adamant that they could not survive without the income that they gain from sports betting operators.