Global Sports Betting Market is Rising Exponentially at the rate of 9.99% During the Anticipated Period

The Sports Betting Market is expected to rise at annual rate of 9.99% in the forecast period of 2020 to 2027 due to the rise in adoption of internet-based devices such as smartphones and tablets globally.

  • On the other hand, the implementation of stringent government regulations across various nations is expected to obstruct the sports betting market growth in the above mentioned forecast period.

Sports Betting Market Scenario

According to Data Bridge Market Research, the market for sports betting is accelerating because of the high consumption of internet-based devices including smartphones and tablets which allow maximization of interaction time with end users by appealing them with the help of online gaming practices and the increasing number of smartphone users. Additionally, the emergence of video streaming and instant messaging services and technological enhancement in smartphones and applications positively affect the sports betting market. Furthermore, the introduction of 5G networks leading to large acceptance of smartphone-based betting extends profitable opportunity to the sports betting market players.

Now the question is which are the other regions that sports betting market is targeting? Data Bridge Market Research has estimated a large growth in North America because of the increasing awareness of sports betting in the developing nations including China and India among others.

For more analysis on the sports betting market request for a briefing with our analysts

Sports Betting Market Scope

Sports betting market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of sports betting market is further analyzed based on maximum granularity into further segmentation. Sports betting market on the basis of platform has been segmented into online and offline. Based on the application, the sports betting market has been segmented into draw games, instant games, lotto, numbers games and others. Based on type, the sports betting market has been segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and others. Based on sports type, the sports betting market has been segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing and others.
  • Sports betting refer a gaming practice which involves forecasting the results of any athletic activity and earning the wagers as necessary. Several sports come under this heading such as football, horse racing and poker among others. This offers massive growth opportunities to individuals and bettors both in the sport.

To know more about the study

Key Pointers Covered in the Sports Betting Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market by Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • William Hill
  • GVC Holdings
  • 888 Holdings
  • Kindred Group
  • Paddy Power Betfair
  • Amaya gaming
  • Bet365 Group
  • BetAmerica
  • Betfred
  • Betsson
  • Draft Kings
  • Fan duel
  • Gala coral group
  • Ladbrokes
  • Sportech
  • TVG
  • Twinspires
  • Watch and Wager

Above are the key players covered in the report, to know about more and exhaustive list of sports betting companies’, contact us

Research Methodology of Sports Betting Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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