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What are the Key Projections for the CAGR of the E-Sports Betting Market From 2025 to 2034?

In recent times, the E-sports betting market has seen significant expansion. Its size is set to surge from $11.22 billion in 2024 to $12.66 billion in 2025, with a compound annual growth rate (CAGR) of 12.9%. The remarkable growth during the historic period is a result of several factors including the increasing popularity of esports, greater acceptance of online gambling, larger prize pools, active youth participation, and increased sponsorship and investment.

In the coming years, the E-sports betting market is projected to experience a swift surge in size, reaching up to $20.39 billion by 2029 at a compounded annual growth rate of 12.6%. This predicted growth in the specified period can be linked to numerous factors such as the development of esports titles, worldwide market penetration, changes in regulation, partnerships and collaborations, and burgeoning infrastructure. The period of forecast is also likely to see key trends such as integration across platforms, the use of blockchain, improved user experience, advancements in technology, and the incorporation of AI and machine learning.

Which Factors Are Enhancing the Growth of the E-Sports Betting Market?

The surge in online gaming is predicted to fuel the expansion of the E-sports betting market. Online games are interactive digital games hosted on the internet that allow players from different areas to connect in a common virtual space. The rise in online game fandom is spurred by technological advancements, extensive internet availability, captivating in-game experiences, social interaction, and the availability of a range of game genres satisfying diverse interests and age demographics. E-sports betting enhances online gaming’s appeal by magnifying viewer engagement, drawing a broader audience, and generating income for the e-sports industry. For example, in May 2023, the American Gaming Association, a US trade group, stated that total U.S. consumer expenditure on commercial casino gaming and sports betting hit a record of $60.46 billion in 2022, marking a substantial rise of 14.0 percent from the previous year. Consequently, the escalating popularity of online games is stimulating the growth of the E-sports betting market.

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What Are the Key Industry Players Leading the Charge in the E-Sports Betting Market’s Growth?

Major companies operating in the E-sports betting market are:

• Reed Exhibitions_x000D_

• Informa Markets_x000D_

• GL Events_x000D_

• Ascential plc_x000D_

• MCH Group_x000D_

How Are Market Trends and Shifts Impacting the Growth Trajectory of the E-Sports Betting Market?

Leading enterprises functioning in the E-sports betting sector are now concentrating their efforts on creating inventive technology, like odds and modeling feed innovation, to increase betting precision, enrich user experience, and introduce a broader range of competitive and dynamic betting alternatives. Odds and modeling feed technology employs statistical models and algorithms to forecast results and enhance decision-making across varied applications. For example, in April 2022, Esports Technologies Inc., a company originating from the US that supplies esports products, platforms, and marketing solutions, unveiled its new Odds and Modeling Feed Technology. This state-of-the-art technology allows the firm to provide real-time odds and modeling data to its customers, ultimately improving their betting decision-making process. This technology utilizes sophisticated algorithms and machine learning methods to evaluate extensive amounts of data, thus delivering accurate and timely esports event insights.

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Which Growth-Oriented Segments of the E-Sports Betting Market Are Leading the Industry’s Development?

The E-sports betting market covered in this report is segmented –

1) By Betting Types: Pre-Match Betting, Live Or In-Play Betting

2) By Platform Types: Online Betting Platforms, Offline Betting Locations

3) By Application: Ages 18-25, Ages 26-30, Ages 31 And Above

What Regions Are Influencing the Dynamics of the E-Sports Betting Market?

Europe was the largest region in the e-sports betting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the E-sports betting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Elements Shape the Definition of the E-Sports Betting Market?

E-sports betting refers to the practice of placing wagers on the outcome of competitive video gaming events. These events, known as e-sports, feature professional gamers and teams competing in various video games, and bettors can place bets on aspects such as match winners, tournament outcomes, and in-game events.

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