Sagacious Strategic Growth Study on Sports Betting Market 2025 Revenues with Leading players like 888 Holdings PLC, GVC Holdings PLC, Kindred Group, Paddy Power Betfair PLC, William Hill PLC, Bet365 Group Ltd., DraftKings, Betsson AB

Sports betting is a gambling activity that includes forecasting the result of any sports activity and insertion the bets accordingly. Many sports, such as horse racing, cricket, poker, and many others, fall under this group. This market offers fabulous growth potential for both the sportspersons and the bettors. With the rapidly growing favorite for digital platforms and the growing Internet saturation, consumers knowledge easy access to online sports betting platforms. With digital revolution converting the world every second, the sports betting market is likely to grow vigorously in the future. This market currently holds around 70% of the global gambling revenue, which is more than any other sectors inclusive of lotteries, casinos, and poker, among other forms of gambling.

The global sports betting market was valued at around USD 104.31 billion in 2019 and is expected to reach approximately USD 155.49 billion by 2025, growing at a healthy CAGR of +10% between 2019 to 2025.

The report covers the present scenario and the growth prospects of the global sports betting market for 2019-2025. To calculate the market size, the report considers the revenue generated from the sales of sports betting. The market study identifies the digital revolution in the sports industry as one of the primary factors responsible for the growth of the sports betting market size. Digital platforms enable punters to place bets from any remote location around the world.

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key players:
Some key participants operating in the global sports betting market include 888 Holdings PLC, GVC Holdings PLC, Kindred Group, Paddy Power Betfair PLC, William Hill PLC, Bet365 Group Ltd., The Stars Group Inc., DraftKings, Betsson AB, and Bet America.

Based on region, this global market includes Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific sports betting market is projected to witness a major rate of growth in the upcoming years. This can be credited to the improved economic condition throughout the region, which, in turn, betters the throwaway income of the populace for various leisure activities, such as sports betting. This, in turn, is likely to fuel this regional market in the upcoming years. This region has a populace base of more than 4 billion people. This market holds the largest share in the global sports betting market.

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The 'Global Sports Betting Industry, 2019-2025 Report' is a professional and in-depth study on the current state of the global Sports Betting industry with a focus on the Chinese market. The report provides key statistics on the market status of the Sports Betting manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Through the statistical analysis, the report depicts the global market of Sports Betting industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2018-2023 market development trends of Sports Betting industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.

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