Press release
Sports Betting Market, Current Demand and Trends, Growth, New Opportunity Assessment 2023 - 2032
Sports Betting Global Market
The Business Research Company's Sports Betting Global Market Report 2023 identifies increase in the number of sports leagues and events as the major driver for the Sports Betting market's growth in the forecast period. 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.
The global sports betting market size will grow from $96.84 billion in 2022 to $104.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global sports betting is expected to grow to $135.95 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the Sports Betting market are 888 Holdings PLC., Bet365, Betsson AB, Churchill Downs Incorporated, Flutter Entertainment PLC., Kindred Group PLC.
A key trend in the Sports Betting market includes Implementation of AI and blockchain in sports betting applications. Sport betting applications are increasingly adopting blockchain technologies to accurately automate real-time data using smart contracts, which help sports betting in payment, bet confirmations, past event analytics, monitoring, and event recording.
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The 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Sports Betting market.
The Business Research Company's "Global Sports Betting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sports Betting Market Include:
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
……
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
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