Global Sports Betting Market, By Platform (Online, Offline), Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Others), Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing, Others), Application (Draw games, Instant Games, Lotto, Numbers Games, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The sports betting market is expected to witness market growth at a rate of 10.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on sports betting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of sports betting market.
Sports betting refers to a gaming practise that involves forecasting the results of any athletic activity and making the wagers as necessary. Different sports come under this heading, such as football, horse racing, and poker, among others. The game offers growth opportunities for both individuals and bettors in the sport.
The growing digital infrastructure across the globe acts as one of the major factors driving the growth of sports betting market. The increase in the number of sports leagues and events around the world, and surge in demand for sports betting among millennials and elder people accelerate the market growth. The adoption of video streaming and instant messaging services, and change in regulatory landscape of the overall gambling industry further influence the market. Additionally, expansion of distribution channels, surge in purchasing power of middle-income groups, rise in awareness about the products and smart strategic marketing activities positively affect the sports betting market. Furthermore, application of 5G networks and application of AI and blockchain technologies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, stringent regulations regarding the game are expected to obstruct the market growth. Concerns regarding illegal activities are projected to challenge the sports betting market in the forecast period of 2021-2028.
This sports betting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sports betting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sports Betting Market Scope and Market Size
The sports betting market is segmented on the basis of platform, type, sports type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of platform, the sports betting market has been segmented into dinnerware, drinkware and others.
- On the basis of 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.
- On the basis of sports type, the sports betting market is segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing and others.
- On the basis of application, the sports betting market is segmented into draw games, instant games, lotto, numbers games and others.
Sports Betting Market Country Level Analysis
The sports betting market is analyzed and market size, volume information is provided by country, platform, type, sports type and application as referenced above.
The countries covered in the global sports betting market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the sports betting market because of the safety laws and regulations for offline as well as online betting within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the growing number of people betting on sports events, such as cricket, hockey, football, and basketball in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sports Betting Market Share Analysis
The sports betting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sports betting market.
The major players covered in the sports betting market reports are illiam Hill, GVC Holdings, 888 Holdings, Kindred Group, Paddy Power Betfair, Amaya gaming, Bet365 Group, Bet-at-home.com, BetAmerica, Betfred, Betsson, Draft Kings, Fan duel, Gala coral group, Ladbrokes, Sportech, TVG, Twinspires, Watch and Wager, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
Customization Available : Global Sports Betting Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.