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Companies in the sports betting market are focusing on virtual platforms and it is expected to drive the sports betting market, as per The Business Research Company’s sports betting market opportunities and strategies report.

The sports betting market is expected to grow from $58.07 billion in 2021 to $185.26 billion in 2026 at a rate of 26.1%. The global sports betting market size is then expected to grow at a CAGR of 5.85% from 2026 and reach $246.14 billion in 2031.

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Major players in the sports betting market include Flutter Entertainment plc, Bet365 Group, Entain PLS, Caesars Entertainment, Kindred Group plc.

The adoption of augmented and virtual reality is a popular trend evident among sports betting companies. Augmented and virtual reality helps in designing an entirely new environment and new reality for the players. Betting is being modified using attractive AR and VR technology and several companies are launching platforms based on augmented reality to give fans an incredible experience.

The Global Sports Betting Market Is Segmented:
By Type: Live/In-Play, Fixed Odd Betting, Exchange Betting, Daily Fantasy, Spread Betting, Pari-Mutuel, Other Types

By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, E-Sports, American Football, Other Sports Type

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, Asia Pacific is the largest region in the global sports betting market.

TBRC’s Sports Betting Market Report Covers:

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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough sports betting market research, analyzes and forecasts sports betting market size, sports betting market share, sports betting market players, sports betting market trends, sports betting market segmentation 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.

The sports betting market consists of sales of sports betting services that are used to earn 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 wins the particular event.

View Similar Reports From The Business Research Company:

Participatory Sports Global Market Report 2022

Sports And Arts Promoters Global Market Report 2022

E-Sports Global Market Report 2022

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