Press release
Sports Betting Global Market Trends, Growth, Segmentation And Outlook 2022-2031
Sports Betting Market Forecast
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The global sports betting market report by the business research company identifies the increase in the number of sports leagues and events is expected to be a major growth driver for the sports betting market. A sports league or an event is a group of clubs, countries, associations, or people trying to compete with each other in a game for a championship or a title. These leagues are planned to happen in a particular schedule or during a particular season, in which all the teams or members are required to participate in naming an overall champion of the event or league. For instance, according to a study published by Wire, currently, more than 100 professional leagues in various sports are active across the globe. The establishments of new professional sports leagues across the globe are providing customers with the opportunity to diversify their betting expenditures. Therefore, the growing sports leagues and events are driving the growth of the sports betting market.
The global sports betting market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, the surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The sports betting market is expected to reach $144.34 billion in 2026 at a CAGR of 9.83%.
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Western Europe was the largest region in the sports betting market in 2021. The regions covered in the sports betting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the sports betting market are 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, Web is Holdings Plc, Gala Coral, Bet-at-home, FanDuel, Betfred, Ladbrokes, Entain plc, IGT, TVG, Twinspires, Watch and Wager, Bwin, and Unibet.
The global sports betting market is segmented -
1) By Type: Line-in-play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Other Types
2) By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Other Sports Types
3) By Platform: Online, Offline
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Table Of Contents
1. Executive Summary
2. Sports Betting Market Characteristics
3. Sports Betting Market Trends And Strategies
4. Sports Betting Market - Macro Economic Scenario
5. Sports Betting Market Size And Growth
....
26. Africa Sports Betting Market
27. Sports Betting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sports Betting Market
29. Sports Betting Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the sports betting market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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