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Sports Gaming Market to Reach USD 233.76 Billion by 2032, Growing at 10.78% CAGR
Sports Gaming Market
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Key Highlights:
Market Size & CAGR: USD 103.05 Billion in 2024; CAGR of 10.78% (2025-2032)
Leading Segment: Online platforms dominated with 62.7% revenue share
Largest Regional Market: United States leading North America with 78.45% revenue share
Key Drivers: Legalization of sports gaming, growth of eSports Gaming, mobile adoption
Top Companies: Bet365 (brand value $4.02B), Genting ($3.62B)
Market Outlook
The global Sports Gaming market is witnessing accelerated growth due to the expansion of legalized sports gaming across countries like the U.S., Canada, Germany, and Australia. Online platforms, including mobile apps, enable convenient betting experiences, while eSports Gaming continues to emerge as a lucrative segment. Regulatory frameworks and technological advancements are reshaping the market landscape, allowing operators to innovate and attract new customer bases.
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Regional Insights
The United States dominates the North American Sports Gaming market, benefiting from the 2018 Supreme Court ruling that allowed states to legalize betting individually. Europe and the UK also hold substantial market shares, with regulatory reforms enhancing public trust. Emerging markets in Asia-Pacific and Latin America are expected to contribute to future growth.
Key Players
Leading players in the Sports Gaming market include Bet365, Genting, DraftKings, FanDuel, William Hill, and Ladbrokes. Companies are increasingly forming partnerships with sports leagues, media channels, and teams to integrate betting into fan experiences.
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Quote:
"Legalization and technological advancements have created an unprecedented growth opportunity in the Sports Gaming market. Operators focusing on online platforms and responsible gaming are poised to capture significant market share," said a senior analyst at Maximize Market Research.
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