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Sports Betting Global Market Report 2024 - By Size, Share, Demand And Industry Analysis, Forecast To 2033
Sports Betting Market
As per the report, the sports betting market size has grown strongly in recent years. It will grow from $109.01 billion in 2023 to $114.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The sports betting market size is expected to see steady growth in the next few years. It will grow to $137.48 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
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Surge In Sports Leagues And Events Fuels Momentum In The Sports Betting Market
The increase in the number of sports leagues and events is expected to propel the growth of 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 establishment of new professional sports leagues across the globe is 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.
Sports Betting Services Market Embraces Technological Innovation With AI And Blockchain Integration
Implementation of AI and blockchain in sports betting applications is a key trend gaining popularity in the sports betting services market. 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. For instance, in May 2021, Bitgame, a Poland-based sports betting platform operator, launched a new website on a sports betting platform powered by blockchain technology. The new website merged blockchain-secured cryptocurrency with sports betting to provide a seamless and interactive experience to customers.
The sports betting market covered in this report is segmented -
1) By Type: Live/In-Play, Fixed Odd Betting, Exchange Betting, Daily Fantasy, Spread Betting, Pari-Mutuel, Other Types
2) By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, E-Sports, American Football, Other Sports Types
3) By Platform: Online, Offline
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Major companies operating in the sports betting market report are Flutter Entertainment plc, Bet365 Group, Entain PLS, Caesars Entertainment, Kindred Group plc, Churchill Downs Incorporated, DraftKings Inc., Betsson AB, 888 Holdings, IGT, Dream11, 1xBet, 22bet, PureWin, 20Bet, REXLot Holdings, Aspect Gaming, STORMGAIN, Sattamatka5com, Go Winning, Wozo Gaming, Playwin Lotto, Rngplay, FDJ - La Francaise des Jeux, Betclic Everest Group, Royal Panda, Lapalingo, Bet3000, Bayes Esports, Mail.ru Games, Lottohelden, FCwetten, Zapitano, Sazka, Synot Tip, Tipsport, flashscore.ru.com, crsdmnautologin123.com, winline.ru, FanDuel Sportsbook, BetMGM, Barstool Sportsbook, PointsBet, BetRivers, FOX Bet, Endeavor Group Holdings Inc., Sporttrade Inc, SuperDraft Inc, BetWarrior, Bplay, William Hill, LSports Data, Mostbet, Bettilt, Shangri La Live, Parimatch, NetBet, Unibet.
Contents of the report:
1. Executive Summary
2. Sports Betting Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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