Sports Betting Market Upcoming Future Growth, Competitive Analysis and Forecast 2030

Sports Betting Market size was valued at US$ 155.29 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 8.84% through 2023 to 2029, reaching nearly US$ 280.97 Bn.

Sports Betting Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Sports Betting industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Sports Betting Market Dynamics

Drivers and Dynamics

The market's evolution stems from the changing perceptions of sports betting, with regulatory bodies reconsidering its legality, thereby contributing significantly to various economies. The proliferation of smartphones and the widespread acceptance of video streaming and instant messaging services have fueled the surge in online sports betting through mobile devices. This trend is expected to continue growing, facilitated by the increasing use of internet-based devices, particularly smartphones and tablets, engaging users in betting activities while minimizing disruptions to their daily routines.

Sports Betting Market Segmentation

Sports Betting Market , by Platform

Online
Offline

The market is divided into two segments: online and offline, depending on the platform. By 2029, the online platform category is anticipated to have the highest market shares. The demand for real-time sports streaming is anticipated to expand during the forecast period due to the increase in Internet speeds and the high degree of interoperability with mobile devices. It is therefore expected that the majority of participants would move to mobile internet sports streaming, which will eventually boost the sports betting industry. The increasing inclination of end users worldwide to place bets via online platforms has encouraged major players to create innovative online betting applications that entice users to join betting sites. This approach aims to increase their presence in the global sports betting market by diversifying their product offerings.

Sports Betting Market , by Game Type

Football
Base ball
Basket ball
Hockey
Cricket
Tennis
Golf
Boxing
Auto racing
Horse racing
Other

The market is divided into Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Auto racing, Horse racing, and Other categories based on the type of game. Throughout the projected period, the football segment is anticipated to grow quickly at a CAGR of 12%. During the forecast period of 2023-2029, the safe and secure services offered by online football betting businesses are the primary drivers that propel the growth of this segment in the global sports betting market.

Sports Betting Market , by Type Analysis

Line-in-play
Fixed Old Betting
Exchange Betting
Daily Fantasy
Spread Betting
E-Sports
Pari-Mutuel
Others

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Sports Betting Market Key Players

1.Bet 365 Group Ltd.
2. GVC Holding plc.
3. The Stars Group
4. Paddy Power Betfair plc.
5. William Hill plc.
6.Fortuna Entertainment Group
7. Betfred Ltd.
8. mybet Holding
9. Hong Kong Jockey Club
10. Kindred Group.
11. 888 Holdings
12. Kindred Group
13. Amaya gaming Bet-at-home.com
14. BetAmerica
15. Betsson
16. Draft Kings
17. Fan duel
18. Gala coral group
19. Ladbrokes
20. Sportech
21. TVG
22. Twinspires

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Table of content for the Sports Betting Market includes:

Part 01: Executive Summary

Part 02: Scope of the Sports Betting Market Report

Part 03: Global Sports Betting Market Landscape

Part 04: Global Sports Betting Market Sizing

Part 05: Global Sports Betting Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Europe leads the global sports betting market, projected to maintain the largest market share by 2029. The region's robust growth, with a CAGR of 48.6%, is attributed to the burgeoning sports enthusiasm, diverse gaming opportunities, and a wide market for gaming and betting activities.

North America follows suit, with a predicted growth rate of 15.8%, primarily fueled by the increasing popularity of online sports betting among the younger demographic.

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