Global Sports Betting Market Overview And Prospects – Includes Sports Betting Market Trends
Learn about the global sports betting market through The Business Research Company, which provides information on sports betting market size, sports betting market drivers and restraints, sports betting market players, the COVID-19 impact on the sports betting market, and more.
The global sports betting market size is expected to grow from $89.65 billion in 2021 to $99.20 billion in 2022 at a compound annual growth rate (CAGR) of 10.64%. The global sports betting market size is expected to reach $144.34 billion in 2026 at a CAGR of 9.83%.
The increase in the number of sports leagues and events is expected to propel the growth of the sports betting market.
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The sports betting market consists of sales of sports betting services by entities (organizations, sole traders, and partnerships) that refer to both online and offline sports betting platforms used for earning profits by predicting the outcome of a sporting event. Sports betting is a type of gambling in which bets are placed on certain sporting events, for a winning amount if the player or a team betted wins the particular event. It is the process of placing wagers on the outcome of a sports event.
Global Sports Betting Market Segments Include:
By Type: Line-in-play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Other Types
By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Other Sports Types
By Platform: Online, Offline
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the sports betting market in 2021.
Implementation of AI and blockchain in sports betting applications is a key trend gaining popularity in the sports betting services market. Sport betting applications are increasingly adopting blockchain technologies to accurately automate real-time data using smart contracts, which help sports betting in payment, bet confirmations, past event analytics, monitoring and event recording.
Major Market Players: 888 Holdings Plc, Bet365, Betsson AB, Churchill Downs Incorporated, Flutter Entertainment Plc, Kindred Group Plc, Sportech Plc, William Hill, DraftKings, The Stars Group Inc, BetAmerica, Webis Holdings Plc, Gala Coral, Bet-at-home, FanDuel, Betfred, Ladbrokes, Entain plc, IGT, TVG, Twinspires, Watch and Wager, Bwin, and Unibet.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Sports Betting Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides sports betting market overviews, analyzes and forecasts market size, share, sports betting market players, sports betting market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s sports betting market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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