Press release
Global Sports Betting Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Sports Betting
How Big Is the Sports Betting Market Size Expected to Be by 2034?
The dimensions of the sports betting market have been significantly expanding in the latest times. Rising from $114.2 billion in 2024, its value is predicted to elevate to approximately $124.39 billion in 2025, implying a compound annual growth rate (CAGR) of 8.9%. The growth trajectory in the previous era was fueled by factors such as increased frequency of sports events, a surge in the millennial population, higher disposable incomes, and broadened accessibility to smartphones and smart computing apparatus like PCs and laptops.
The size of the sports betting market is projected to experience robust growth in the imminent years, with a predicted size of $153.71 billion by 2029 and a compound annual growth rate (CAGR) of 5.4%. Factors driving this anticipated expansion during the forecast period include the heightened focus on virtual sports betting, emphasis on product innovation, the burgeoning use of 5G networks, a rise in mergers and acquisitions, urbanization, and improving internet accessibility. The forecast period is also expected to be characterized by major trends such as the incorporation of augmented reality and virtual reality, a push towards mobile betting services, the application of artificial intelligence in betting platforms, increasing investment levels, the formation of strategic partnerships, the uptake of blockchain technology, and the integration of live streaming into mobile sportsbooks.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5949
What Are the Emerging Segments Within the Sports Betting Market?
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
Subsegments:
1) By Live/In-Play Betting: Real-time betting during events, In-game betting options
2) By Fixed Odd Betting: Traditional betting with set odds, Pre-match betting on various outcomes
3) By Exchange Betting: Peer-to-peer betting platforms, Betting exchanges where users set their own odds
4) By Daily Fantasy Sports (DFS): Single-day contests, Season-long fantasy leagues
5) By Spread Betting: Betting against a spread or margin, Types include point spread and total points betting
6) By Pari-Mutuel Betting: Pool betting where payouts depend on the total amount wagered, Commonly used in horse racing
7) By Other Types: Proposition (Prop) Betting, Accumulator Betting, Teaser Betting, E-sports Betting
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5949&type=smp
What Long-Term Drivers Are Shaping Sports Betting Market Trends?
The escalating number of sports events and leagues is projected to fuel the expansion of the sports betting market. A sports league or event comprises of clubs, nations, associations, or individuals vying to compete in a game for a title or championship. These leagues are scheduled strategically during a specific season when all the competing teams or members are obligated to participate to establish an eventual league or event champion. For example, a research conducted by Wire revealed that presently, over 100 professional sports leagues are operating worldwide. The formation of new professional sports leagues globally is presenting consumers with the scope to diversify their betting outlays. Thus, the surging sports events and leagues are inspiring the advancement of the sports betting market.
Who Are the Top Competitors in Key Sports Betting Market Segments?
Major companies operating in the sports betting market 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 Sports Betting Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the sports betting market are concentrating on technological advancements, including real-time wagering and AI-powered platforms, to offer gamblers more immersive and dynamic betting options and to improve real-time interaction and user experience. Real-time betting, also referred to as in-play or live betting, enables gamblers to place bets on particular outcomes during an ongoing sports event, with the odds and options regularly changing in line with the progress of the game. For example, in September 2024, Switzerland-based sports organization, Sportradar AG, introduced micro markets, an innovative in-play betting product offering comprehensive real-time betting options. Utilizing artificial intelligence (AI) and extensive data analytics, this product processes hundreds of thousands of data points per match, ensuring the betting options aren't just varied, but also timely and relevant. This includes distinctive bets on particular events within a game, like predicting the next point in tennis or the result of a serve. This fresh product paves the way for bettors to engage with specific, short-term outcomes during sports events, considerably boosting the amount of betting opportunities on offer.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/sports-betting-global-market-report
Which Regions Are Becoming Hubs for Sports Betting Market Innovation?
Western Europe was the largest region in the sports betting market in 2024. The regions covered in the sports betting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sports Betting Market?
2. What is the CAGR expected in the Sports Betting Market?
3. What Are the Key Innovations Transforming the Sports Betting Industry?
4. Which Region Is Leading the Sports Betting Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Sports Betting Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities here
News-ID: 4007184 • Views: …
More Releases from The Business Research Company
Top Trends Transforming the Fluoropolymer Films Market Landscape in 2025: Techno …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Fluoropolymer Films Industry Market Size Be by 2025?
The fluoropolymer films market has seen strong growth recently. It will expand from $2.5 billion in 2024 to $2.65 billion in 2025 at a CAGR of 5.7%. Growth drivers in the past included high thermal stability, electronics manufacturing…
Driving Digitally Printed Wallpaper Market Growth in 2025: The Role of Rising Ur …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Digitally Printed Wallpaper Market Size Growth Forecast: What to Expect by 2025?
The digitally printed wallpaper market has expanded rapidly in recent years. It will grow from $9.13 billion in 2024 to $10.26 billion in 2025, at a CAGR of 12.4%. Historic growth was fueled by interior design preferences,…
Top Market Shifts Transforming the Biodegradable Paper and Plastic Packaging Mar …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Biodegradable Paper and Plastic Packaging Market Through 2025?
Over the past few years, we've witnessed a significant expansion in the size of the biodegradable paper and plastic packaging market. It is projected to rise from $12.97 billion in 2024 to $14.12 billion…
Acrylic Rubber Market Landscape to 2034: Key Forces Shaping the Next Decade of G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Acrylic Rubber Market Size By 2025?
The acrylic rubber industry has seen robust growth in the past few years. The market value, which is projected to escalate from $1.63 billion in 2024 to $1.74 billion in 2025, implies a compound annual growth rate (CAGR) of…
More Releases for Bet
Online Betting Market Size, Share, Growth, Regional Analysis, Segments 2021 – …
The MarketIntelligenceData has added a new statistical data to its repository titled as, Global Online Betting Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. This…
Online Betting Market to Witness Huge Growth by 2026 | M-Bet, Premier Bet
A new statistical surveying study titled Online Betting Market investigates a few critical features identified with Online Betting Market covering industry condition, division examination, and focused scene. Down to earth ideas of the market are referenced in a straightforward and unassuming way in this report. A far-reaching and exhaustive essential investigation report features various actualities, for example, improvement factors, business upgrade systems, measurable development, monetary benefit or misfortune to support…
Online Betting Market Study Along With Business Ideas, Development Trends and Ke …
Online Betting Market has recently added by Qurate Research to its vast repository. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. Report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, CAGR, Consumption, gross margin, diagrams, graphs and other substantial factors and forecast. The report is integrated with imperative insights on the market, which will support the clients to…
Online Betting Market Next Big Thing | Major Giants M-Bet & Premier Bet
Global Online Betting Market Report 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Online Betting Market. Some of the key players profiled in the study are M-Bet & Premier Bet.
Online Betting Market…
Online Betting Market 2020 Growth Factors, Opportunities, Ongoing Trends and Key …
The report attempts to offer a comprehensive analysis of the Online Betting Market status and development trends, including growth, opportunities, rising technology, competitive landscape, types, applications and product offerings of key players. Besides this, it contains a detailed analysis of the market scope, structure, potential, fluctuations, financial impacts, and also envelops the precise evaluation of market share, product & sales volume, and revenue. The findings of the study have been…
Online Betting Market Regional Forecast 2020 | M-Bet, Premier Bet
According to this study, over the next five years the Online Betting market will register a xx% CAGR in terms of revenue, the global market size will reach $ xx million by 2025, from $ xx million in 2019.
Global Online Betting Market 2020 by Marketandresearch.biz is an extensively researched and analyzed report on the market that will help market players to improve their business planning and ensure long-term success during…
