South Korea Sports Betting Market to 2032
Overview
The South Korea Sports Betting Market is expected to reach a 20,114.34 USD Billion by 2032 and is projected to grow at a CAGR of 13.49% from 2025 to 2032.
Revenue, 2024 (USD Billion)
9,765.49
Forecast, 2032 (USD Billion)
20,114.34
CAGR, 2024 - 2032
13.49%
Report Coverage
South Korea
South Korea Sports Betting Market 2018-2032 USD Billion
South Korea Sports Betting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 9,765.49 USD Billion
- Projected Market Size (2032): 20,114.34 USD Billion
- CAGR (2025-2032): 13.49%
Key Findings of South Korea Sports Betting Market
- The South Korea Sports Betting Market was valued at 9,765.49 USD Billion in 2024.
- The South Korea Sports Betting Market is likely to grow at a CAGR of 13.49% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Non-Racing in Sports Segment accounted for the largest share of the market with a revenue of 6,133.45 USD Billion
- The fastest growing segment Line-in-play in Type Segment grew Fastest with a CAGR of 20.53% during the forecast period from 2024 to 2032.
South Korea Sports Betting Market Scope
South Korea Sports Betting Market Segmentation & Scope
Sports
- Racing
- Non-Racing
Platform
- Online
- Offline
Operator
- Others
- Off-Track Sports Betting
- Lotteries Operator
- Video Gaming Terminals
- Concession Operators
- Coin-Operated Gambling Device
- Bookmakers
- Card Rooms
- Bingo Halls
- Casinos
Type
- Pari Mutuel
- Spread Betting
- Others
- Daily Fantasy
- E-Sports
- Exchange Betting
- Fixed Odd Betting
- Line-in-play
Age Group
- Baby Boomers
- Gen Z
- Gen X
- Gen Y/Millennials
South Korea Sports Betting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 9,765.49 USD Billion |
| Market Value in 2032 | 20,114.34 USD Billion |
| CAGR (2025-2032) | 13.49% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Sports,Platform,Operator,Type,Age Group |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 9,765.49 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 9,765.49 USD Billion in 2024.
Segments and Scope
-
South Korea Sports Betting Market to 2032, By Sports
- Non-Racing is the largest segment in South Korea Sports Betting Market to 2032 with a revenue of 6,133.45 USD Billion in the year 2024.
- Non-Racing is the Fastest growing segment in South Korea Sports Betting Market to 2032 with a Growth rate of 13.25 % in forecast period 2025-2032.
-
South Korea Sports Betting Market to 2032, By Platform
- Offline is the largest segment in South Korea Sports Betting Market to 2032 with a revenue of 5,623.27 USD Billion in the year 2024.
- Online is the Fastest growing segment in South Korea Sports Betting Market to 2032 with a Growth rate of 11.62 % in forecast period 2025-2032.
-
South Korea Sports Betting Market to 2032, By Operator
- Casinos is the largest segment in South Korea Sports Betting Market to 2032 with a revenue of 2,482.86 USD Billion in the year 2024.
- Casinos is the Fastest growing segment in South Korea Sports Betting Market to 2032 with a Growth rate of 18.70 % in forecast period 2025-2032.
-
South Korea Sports Betting Market to 2032, By Type
- Line-in-play is the largest segment in South Korea Sports Betting Market to 2032 with a revenue of 2,677.59 USD Billion in the year 2024.
- Line-in-play is the Fastest growing segment in South Korea Sports Betting Market to 2032 with a Growth rate of 20.53 % in forecast period 2025-2032.
-
South Korea Sports Betting Market to 2032, By Age Group
- Gen Y/Millennials is the largest segment in South Korea Sports Betting Market to 2032 with a revenue of 4,124.10 USD Billion in the year 2024.
- Gen Y/Millennials is the Fastest growing segment in South Korea Sports Betting Market to 2032 with a Growth rate of 17.45 % in forecast period 2025-2032.
South Korea Sports Betting Market Company Share Analysis
| Company Name |
|
||
| Sun International | |||
| FEG | |||
| Flutter Entertainment plc | |||
| LAS VEGAS SANDS CORPORATION | |||
| Entain | |||
South Korea Sports Betting Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Sports Betting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Sports Betting Market is segmented based on Segmentation Sports,Platform,Operator,Type,Age Group.
South Korea Sports Betting Market was valued at USD 9,765.49(Revenue in USD Billion) in 2021.
South Korea Sports Betting Market is projected to grow at a CAGR of 13.49% during the forecast period of 2024 to 2032.
The Non-Racing segment is expected to dominate the South Korea Sports Betting Market, holding a largest market share of 6,133.45 USD Billion in 2024
South Korea Sports Betting Market Scope
South Korea Sports Betting Market Segmentation & Scope
Sports
- Racing
- Non-Racing
Platform
- Online
- Offline
Operator
- Others
- Off-Track Sports Betting
- Lotteries Operator
- Video Gaming Terminals
- Concession Operators
- Coin-Operated Gambling Device
- Bookmakers
- Card Rooms
- Bingo Halls
- Casinos
Type
- Pari Mutuel
- Spread Betting
- Others
- Daily Fantasy
- E-Sports
- Exchange Betting
- Fixed Odd Betting
- Line-in-play
Age Group
- Baby Boomers
- Gen Z
- Gen X
- Gen Y/Millennials
Frequently Asked Questions
The South Korea Sports Betting Market is segmented based on Segmentation Sports,Platform,Operator,Type,Age Group.
South Korea Sports Betting Market was valued at USD 9,765.49(Revenue in USD Billion) in 2021.
South Korea Sports Betting Market is projected to grow at a CAGR of 13.49% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Sports Betting Market for final year is USD 20,114.34 (USD Billion).
South Korea Sports Betting Market Company Profiling
Frequently Asked Questions
The South Korea Sports Betting Market is segmented based on Segmentation Sports,Platform,Operator,Type,Age Group.
South Korea Sports Betting Market was valued at USD 9,765.49(Revenue in USD Billion) in 2021.
South Korea Sports Betting Market is projected to grow at a CAGR of 13.49% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Sports Betting Market for final year is USD 20,114.34 (USD Billion).
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