For years the number of online bets placed on Heavyweight Boxing matches has been in decline. The rise of MMA the UFC has a lot to do with this.
However, the glory days of boxing might not be over yet. The sports betting market is thriving at the moment and boxing fights are once again making up part of the action.
Recently, there has been a resurgence of boxing betting taking place on online gambling sites. While its been a long time since we’ve seen a major Heavy weight champion like we had in the exciting days of Mike Tyson, we have some excellent boxers in the Cruiser-weight and Welterweight divisions.
There was a lot of betting action on the recent Manny Pacquiao Vs. Kieth Thurman fight (Welterweight division). Pacquiao has been truly great for the sport, bringing in huge audience ratings and millions of dollars through Pay Per View boxing channels such as Showtime Boxing. Its estimated that the Pacquiao vs. Thurman fight brought in 500,000 pay per view subscribers.
In the past it was common practice for online casinos to sponsor boxers. Golden Palace was the first notable Internet casino to sponsor a boxer. By 2002 Golden Palace online casino has sponsored at least 20 professional boxers. At the time they caused quite a bit of controversy when they tattooed GoldenPalace.com on several pro boxers backs, gaining mass media attention in the process for both the online gambling industry and for the fights themselves.
Until this year, online sports betting was illegal in the United States. However a recent Supreme Court ruling cleared the way for U.S. states to regulate betting on sports over the Internet. The world of Boxing is sure to benefit from the newly opened online sportsbooks catering to USA gamblers. New Jersey and Pennsylvania were the first states to allow virtual betting on sports and more are states now proposing bills to pass legislation allowing online sports gambling.
It seems there may be a new era of boxing betting on the horizon. Stay tuned for the latest boxing news on WorldBoxingNews.net.