Sports Betting Market Destine to Experience Substantial Growth of USD 297,638.20 Million by 2030, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis

The extensively detailed analysis of the Sports Betting Market serves as a verified information source, presenting an expansive perspective on current market trends, situations, opportunities, and status. It calculates Compound Annual Growth Rate (CAGR) values, expressed in percentages, indicating the market's ascent or descent for specific products during the forecast period. The report offers a comprehensive overview encompassing product specifications, technology, product types, and production analysis, taking into account crucial factors such as revenue, cost, and gross margin. Moreover, the Sports Betting Market survey report is meticulously crafted to encompass all essential aspects of market research, bringing the market landscape clearly into focus.

Explore Further Details about This Research Sports Betting Market Report

https://www.databridgemarketresearch.com/reports/global-sports-betting-market

Sports betting is a financial bet on the result of one or numerous games, event/non-event of an occasion inside a game, or wagering on sports in seven days in length or season-long rivalry. Sports betting involves staking on the outcome of sporting events. Bettors attempt to predict the result of an event in order to win their bet - and potentially profit. NFL, NHL, NBA, MLB and other iconic American sports are all part of the package at sports betting. But besides that they also offer a range of European and other worldly sports, so the online sportsbooks is a good choice if person come from other territories across the globe.

Global sports betting market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2023 to 2030 and is expected to reach USD 297,638.20 million by 2030.

Market Definition

Sports betting is a financial bet on the result of one or numerous games, events/non-events of an occasion inside a game, or wagering on sports in seven days in length or season-long rivalry. Sports betting involves staking on the outcome of sporting events. Bettors attempt to predict the result of an event to win their bet - and potentially profit.

NFL, NHL, NBA, MLB, and other iconic American sports are all part of the package for sports betting. But besides that, they also offer a range of European and otherworldly sports, so online sportsbooks are a good choice if people come from other territories across the globe.

Some of the major players operating in the sports betting market are BETSSON AB, FORTUNA ENTERTAINMENT GROUP A.S., LAS VEGAS SANDS CORPORATION, bet365., Flutter Entertainment plc, 888 Holdings Plc, Entain, Kindred Group plc, MGM Resorts International, Kindred Group plc, Wynn Resorts Ltd, NOVIBET, Galaxy Entertainment Group Limited, Resorts World at Sentosa Pte. Ltd., Sun International, RTSmunity a.s., SKY INFOTECH, Peermont Global Proprietary Limited, SJM Holdings Limited, Sportradar AG, FanUp, Inc., Rivalry Ltd., EveryMatrix., Kairos Group, BETAMERICA, Scientific Game, ComeOn Group among others.

Drivers

Rising usage of online betting

Sports betting is known as predicting sports results and making a bet on the outcome. The most popular sports for wagering at the amateur and professional levels include association football, American football, basketball, baseball, hockey, track cycling, car racing, mixed martial arts, and boxing. The frequency of sports wagering varies by culture. In addition to non-athletic events like reality TV competitions and elections, sports betting is legal in non-human competitions like cockfighting, greyhound racing, and horse racing.

Increasing e-sports competition

Every year, more and more people play video games, and more and more of them are entering virtual worlds. The popularity of e-sports games currently brings in more money than the music and film industries combined. For many people, gaming is no longer merely a pastime. The e-sports sector is expanding as a result of the pandemic. Millions of people turned to recreational gaming during the shutdown; some even turned to professional gaming. But the variety of games and genres available is just as impressive as the success of the top e-sports titles.

Global Sports betting Market Scope

Global sports betting market is segmented into type, platform, operator, sports, and age group. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

Line-In-Play
Fixed Old Betting
Exchange Betting
Daily Fantasy
Spread Betting
E-Sports
Pari Mutuel
Others

On the basis of type, the global sports betting market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari mutuel, others.

Platform

Online
Offline

On the basis of platform, the global sports betting market is segmented into online and offline.

Sports

Racing
Non Racing Sports

On the basis of sports, the global sports betting market is segmented into racing and non-racing sports.

Operator

Food Grade
Casinos
Bingo Halls
Card Rooms
Bookmakers
Coin-Operated Device
Concession Operators
Video Gaming Terminals
Lotteries Operator
Off-Track Sports Betting
Others

On the basis of operator, the global sports betting market is segmented into food grade, casinos, bingo halls, card rooms, bookmakers, coin-operated device, concession operators, video gaming terminals, lotteries operator, off-track sports betting, others.

Age Group

Gen Z
Gen Y/Millennials
Gen X
Baby Boomers

On the basis of age group, the global sports betting market is segmented into gen z, gen y, gen x and baby boomers.

Key benefits of buying the Sports Betting Market Report:

This report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends.

This report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

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