Press release
Sports Betting Market 2020-2026 is Slated to Witness Tremendous Growth | 888 Group, GVC Holdings PLC., Kindred Group, William Hill PLC
Sports Betting Market
Few of the leading organizations’ names are listed here- 888 Group, GVC Holdings PLC., Kindred Group, William Hill PLC, Bet365, StarsGroup.com., Betsson AB, Betway, Bwin Interactive Entertainment AG, Unibet, Stakers Limited, Kambi Group plc, Royal Panda, MansionBet among others
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Succinct Description of the Market:
Sports betting are a kind of a gambling in which a person predicts the sports result and place a bet on the results. These bets are placed on the different sports activities such as golf, tennis, football, cricket, horse racing, hockey and others. Some of the common types of the betting are fixed old betting, line- in play, daily fantasy, pari-mutuel and others. Today, these sports betting can be done through both online and offline platforms. Some countries considered them as legal but there are few countries where sports betting is still banned.
The Sports Betting is segmented on the basis of types and breadth of solutions offered by each of them. The first type is by Game Type (Association Football, American Football, Basketball, Hockey, Mixed Martial Arts, Boxing, Horse racing, Auto racing, Golf, Tennis, Cricket, Hockey), Application (Draw games, Instant Games, Lotto, Numbers Games, Others), Platform (Online, Offline), Type (Line-in-play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Others)
Market Driver:
Increasing emergence of machine learning in sports betting will drive the growth
Growing consolidation in sports betting market will also propel the market
Rising popularity of e- sports tournaments among population will also accelerate the market
Increasing penetration of internet- based devices is also contributing propels the growth of this market
Market Restraints:
Strict regulations by government in various countries will hamper the market growth
Risk associated with the huge losses will also hamper the growth of this market
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In this study, the years considered to estimate the market size of Sports Betting are as follows:
History Year: 2014-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
Crucial Market Segment details-:
By Game Type
Association Football
American Football
Basketball, Hockey
Mixed Martial Arts
Boxing
Horse racing
Auto racing, Golf
Tennis
Cricket
Hockey
By Application
Draw games
Instant Games
Lotto
Numbers Games
Others
By Platform
Online
Offline
By Type
Line-in-play
Fixed Old Betting
Exchange Betting
Daily Fantasy
Spread Betting
E-Sports
Pari-Mutuel
Others
Methodologies utilized to evaluate the market-:
In June 2019, Newgioco Group announced the launch of their mobile sports betting platform which is specially designed for the international deployment. This new mobile platform is designed on the powerful and modular ELYS sports betting engine. The modular design allows Newgioco mobile to quickly go-to-market with plug-and-play features and helps the player to get required bet tickets instantly
In July 2019, New York announced the launch of their sports betting with the launch of the Rivers Casino & Resort in Schenectady. This will help them to attract more players to their city and is good news for the people who worked very hard to make legal sports wagering a reality
Research strategies and tools used-:
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Table of Contents
1 Sports Betting Market Overview
2 Manufacturers Profiles
3 Global Sports Betting Market Competitions, by Players
3.1 Global Sports Betting Revenue and Share by Players
3.2 Market Concentration Rate
3.2.1 Top 5 Sports Betting Players Market Share
3.2.2 Top 10 Sports Betting Players Market Share
3.3 Market Competition Trend
4 Global Sports Betting Market Size by Regions
5 North America Sports Betting Revenue by Countries
6 Europe Sports Betting Revenue by Countries
7 Asia-Pacific Sports Betting Revenue by Countries
8 South America Sports Betting Revenue by Countries
9 Middle East and Africa Revenue Sports Betting by Countries
10 Global Sports Betting Market Segment by Type
11 Global Sports Betting Market Segment by Application
12 Global Sports Betting Market Size Forecast (2019-2026)
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Conclusion:
This Sports Betting research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact:
Data Bridge Market Research
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UK: +44 208 089 1725
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Email: sales@databridgemarketresearch.com
About Data Bridge Market Research
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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