E-Sports Betting Market Expected to Achieve 12.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the E-Sports Betting Market Size By 2025?
The sphere of E-sports betting has witnessed quick expansion in recent times. The forecast predicts the market size to escalate from $11.22 billion in 2024 to $12.66 billion in 2025, marking a compound annual growth rate (CAGR) of 12.9%. Several factors contributed to this remarkable growth during the historical period including the widespread popularity of eSports, the embracing of online gamblin*g, enlarged prize pools, youth participation, and heightened sponsorship and investment.

How Big Is the E-Sports Betting Market Size Expected to Grow by 2029?
The market size for E-sports betting is anticipated to experience a swift expansion in the upcoming years, estimated to reach $20.39 billion in 2029 with a CAGR of 12.6%. The anticipated growth during the forecast period can be credited to factors such as the proliferation of esports titles, increased global market penetration, alterations in regulatory policies, strategic partnerships and collaborations, and the growth in infrastructure. Prime trends forecasted for this period encompass cross-platform integration, blockchain adoption, improved user interface, advancements in technology, and the incorporation of AI and machine learning.

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Which Key Market Drivers Powering E-Sports Betting Market Expansion and Growth?
The E-sports betting market is experiencing a surge due to the increasing appeal of online gaming. These games, played across the internet, bring together players from different geographical locations in a shared virtual space. The upsurge in online game popularity owes much to the progress in technological innovation, the widespread availability of the internet, captivating and immersive gaming experiences, social interaction, and a wide range of game genres which cater to different tastes and age groups. E-sports betting furthers the appeal of online gaming by enhancing viewer participation, drawing in a broader audience, and creating income for the e-sports sector. As an example, in May 2023, the American Gaming Association, a US-based business group, reported that in 2022, overall consumer expenditure in the U.S. on commercial casin*o play and sports betting, hit a historical high of $60.46 billion. This denoted a significant rise of 14.0 percent from the previous year. Consequently, the rise in online game popularity fuels the expansion of the E-sports betting market.

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Which Fast-Growing Trends Are Poised to Disrupt the E-Sports Betting Market?
Prominent businesses in the E-sports betting sector are prioritizing the creation of groundbreaking technology, such as odds and modeling feed technology, to boost betting accuracy, elevate user satisfaction, and provide more adaptive and competitive betting alternatives. Odds and modeling feed technology incorporates statistical models and algorithms for forecasting results and maximizing decision-making in a myriad of uses. For instance, Esports Technologies Inc., a firm based in the US that offers esports products, platforms, and marketing solutions, unveiled its unique Odds and Modeling Feed Technology in April 2022. This innovative technology allows the company to offer live odds and modeling data to its customers, thereby improving their capability to make well-informed betting choices. The Odds and Modeling Feed Technology utilizes sophisticated algorithms and machine learning methods to scrutinize large data sets, delivering precise and current insights on esports happenings.

What Are the Emerging Segments in the E-Sports Betting Market?
The E-sports betting market covered in this report is segmented -

1) By Betting Types: Pre-Match Betting, Live Or In-Play Betting
2) By Platform Types: Online Bettin*g Platforms, Offline Betting Locations
3) By Application: Ages 18-25, Ages 26-30, Ages 31 And Above

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Who Are the Global Leaders in the E-Sports Betting Market?
Major companies operating in the E-sports betting market are Flutter Entertainment Plc, Entain Plc, Bet365, DraftKings Inc., Pinnacle Group Inc., Super Group Ltd., William Hill Plc, Kindred Group Plc, Paddy Power Betfair Plc, Betsson AB, Betfred, SBOBET, Parimatch, 888 Holdings Plc, Bet-at-home.com AG, Betvictor Ltd., Esports Entertainment Group, BetWinner, Intertops, Betcris, Bovada, Unikrn, GVC Group, GG.BET, Real Luck Group Limited

Which are the Top Profitable Regional Markets for the E-Sports Betting Industry?
Europe was the largest region in the e-sports betting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the E-sports betting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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