Sports Betting Market is expected to reach USD 325 Billion by 2031 and is expected to undergo a CAGR of 9.20%

Sports Betting Market Global Sports Betting Market, By Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, and Pari Mutuel), Platform (Online and Offline), Sports (Racing and Non Racing Sports), Operator (Casinos, Bingo Halls, Card Rooms, Bookmakers, Coin-Operated Concession Operators, Video Gaming Terminals, Lotteries Operator, Off-Track Sports Betting, and Others), Age Group (GEN Z, GEN Y/MILLENIALS, GEN X, and Baby Boomers) - Industry Trends and Forecast to 2031.

Sports Betting Market Industry Trends and Forecast to 2031

What are the projected market size and growth rate of the Sports Betting Market?

Data Bridge Market Research analyses that the Global Sports Betting Market which was USD 160.73 Billion in 2023 is expected to reach USD 325 Billion by 2031 and is expected to undergo a CAGR of 9.20% during the forecast period of 2023 to 2031

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Which are the top companies operating in the Sports Betting Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Sports Betting Market extension. This Global Sports Betting Market report provides the information of the Top 10 Companies in Sports Betting Market in the market their business strategy, financial situation etc.

**2024 Sports Betting Market Analysis**

- The sports betting market in 2024 is expected to see significant growth due to the increasing popularity of online sports betting platforms and the legalization of sports betting in various regions globally. With advancements in technology and the availability of mobile betting apps, more consumers are engaging in sports betting activities.

**Market Players:**

- DraftKings
- FanDuel
- Bet365
- William Hill
- Paddy Power
- Betfair
- 888 Holdings
- Betsson AB
- Kindred Group
- The Stars Group

**2031 Sports Betting Market Forecast**

- By 2031, the sports betting market is projected to witness exponential growth driven by the increasing acceptance of online betting, rising disposable income levels, and a growing number of sports events worldwide. The market is expected to expand further as more countries legalize sports betting and introduce favorable regulations to support the industry.

**Market Players:**

- MGM Resorts International
- Flutter Entertainment
- GVC Holdings
- SBTech
- Betfred
- Churchill Downs
- Sportech
- Codere Group
- Intralot
- Scientific Games Corporation

The sports betting market in 2024 and the forecast for 2031 are both indicative of a thriving industry that is continuously evolving and growing. One of the key drivers fueling this growth is the increasing accessibility and popularity of online sports betting platforms. These platforms have revolutionized the way people engage with sports betting, offering convenience and ease of use that appeal to a wide range of consumers. As more people turn to online betting, market players are leveraging technology to enhance user experience and capture a larger share of the market.

Another significant factor contributing to the growth of the sports betting market is the legalization of sports betting in various regions globally. The changing regulatory landscape has opened up new opportunities for operators and created a more favorable environment for the industry to flourish. With more countries embracing sports betting and implementing regulations to govern the sector, market players are seeking to capitalize on this trend by expanding their operations and entering new markets.

Furthermore, the increasing acceptance of online betting and the growing number of sports events worldwide are driving the demand for sports betting services. Consumers are increasingly turning to online platforms to wager on their favorite sports, driving the growth of the market. In addition, rising disposable income levels are enabling consumers to spend more on leisure activities such as sports betting, further fueling market growth.

Looking ahead to 2031, the sports betting market is poised for exponential growth as key players continue to innovate and expand their offerings. With established players like MGM Resorts International, Flutter Entertainment, and GVC Holdings leading the way, the market is expected to witness intense competition as operators vie for market share. These players are investing in technology, marketing, and user acquisition strategies to stay ahead of the curve and attract a larger customer base.

Moreover, as more countries legalize sports betting and introduce favorable regulations, the market is set to expand even further. This regulatory tailwind is expected to drive market growth and present new opportunities for market players to diversify their revenue streams and enter emerging markets. The evolution of the sports betting market will**Market Players:**

- BETSSON AB (Sweden)
- FORTUNA ENTERTAINMENT GROUP (Czech Republic)
- LAS VEGAS SANDS CORPORATION (U.S.)
- Flutter Entertainment plc (Ireland)
- 888 Holdings Plc (U.K.)
- Entain (U.K.)
- Kindred Group plc (Sweden)
- MGM Resorts International (U.S.)
- Wynn Resorts Holdings LLC. (U.S.)
- NOVIBET (Greece)
- Galaxy Entertainment Group Limited (Hong Kong)
- Resorts World at Sentosa Pte. Ltd. (Singapore)
- Sun International (South Africa)
- RTSmunity a.s. (Slovakia)
- Sky Infotech. (India)
- Peermont Global Proprietary Limited (South Africa)
- SJM Holdings Limited (Macau)
- Sportradar AG (Switzerland)
- FanUp Inc. (U.S.)
- Rivalry Ltd. (Canada)
- EveryMatrix (Malta)
- Kairos Group (U.K.)
- BETAMERICA (U.S.)
- Scientific Game (U.S.)
- ComeOn Group (Malta)

The sports betting market in 2024 and the forecast for 2031 reflect the ongoing evolution and growth of the industry, driven by various factors. The increased accessibility and popularity of online sports betting platforms have played a significant role in attracting a wider consumer base, offering convenience and ease of use. As technology continues

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