Press release
Sports Betting Market Growth Explosions: Projecting Stages to Reach $153.71 Billion by 2029
Sports Betting Market Size
What Is The Projected Market Size Of The Global Sports Betting Market And Its Growth Rate?
The sports betting market size has experienced robust growth in recent years. Here are some key stats:
• The market soared from $114.2 billion in 2024 to $124.39 billion in 2025 with a CAGR of 8.9%.
• Several factors driving this growth include increasing number of sports events, millennial population hike, augmentation in disposable income, and surging availability of smartphones and other smart devices.
• Anticipated to further expand, the sports betting market is expected to reach $153.71 billion in 2029 at a CAGR of 5.4%.
• Key trends for this forecast period include the adoption of virtual reality, mobile betting, artificial intelligence in betting platforms, strategic partnerships, blockchain technology use, and live streaming-integrated mobile sportsbook.
What Is Driving The Growth In The Sports Betting Market?
The expansion of sports leagues and events globally is powering the growth in sports betting market. A sports league or an event contains groups competing for title or championship. For instance, more than a 100 professional leagues in various sports are currently active abroad. This offers customers more opportunities to diversify their betting, thereby fueling the market growth.
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Who Are the Key Players Driving Sports Betting Market Growth?
Key players include:
• 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
• Sattamatka5com, Go Winning
• Wozo Gaming
• FDJ - La Francaise des Jeux
• Betclic Everest Group
• Royal Panda, Lapalingo
• Bet3000, Bayes Esports
• Mail.ru Games, Lottohelden, FCwetten
• Sazka, Synot Tip, Tipsport
• winline.ru, FanDuel Sportsbook, BetMGM
• Barstool Sportsbook, PointsBet, BetRivers
• FOX Bet, Sporttrade Inc
• SuperDraft Inc, BetWarrior, Bplay
• William Hill, LSports Data, Mostbet
• Bettilt, Shangri La Live, Parimatch, NetBet, Unibet
What Are The Key Trends In The Sports Betting Market?
Key trends include:
• Growing focus on virtual sports betting
• Product innovations
• Increased adoption of 5G networks
• Mergers and acquisitions
• Urbanization and internet penetration
• Implementation of artificial intelligence in betting platforms
• Use of blockchain technology
• Live streaming-integrated mobile sportsbook
What Are The Segments Of The Global Sports Betting Market?
Market segments include:
• By Type: Live/In-Play, Fixed Odd Betting, Exchange Betting, Daily Fantasy, Spread Betting, Pari-Mutuel, Other Types
• By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, E-Sports, American Football, Other Sports Types
• By Platform: Online, Offline
Which Region Leads The Sports Betting Market?
In 2024, Western Europe emerged as the most profitable region in sports betting market. Covering regions in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Sports Betting Market Global Market Report?
- Market Size Analysis: Analyze the Sports Betting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sports Betting Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sports Betting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sports Betting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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