What is the application segment?

On the basis of application, the Sports Betting Market is segmented into Draw games, Instant Games, Lotto, Numbers Games, & Others. Read More

What are the key opportunities of the market?

DBMR 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. Read More

Who are the major players operating in the 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. Read More

Sports Betting Market Scope & Analysis Report to 2030

Q: Which region dominates the market ?

U.S. dominates the sports betting market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to high demand for verification and validation of medical devices in the country. Read More

Global Sports Betting Market, By Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari Mutuel), Platform (Online and Offline), Sports (Racing and Non Racing Sports), Operator (Casinos, Bingo Halls, Card Rooms, Bookmakers, Coin-Operated Gambling Device, Concession Operators, Video Gaming Terminals, Lotteries Operator, Off-Track Sports Betting, and Others), Age Group (GEN Z, GEN Y/MILLENIALS, GEN X, Baby Boomers) - Industry Trends and Forecast to 2030.

Sports Betting Market Analysis and Insights

Sports betting is a financial bet on the result of one or numerous games, event/non-event of an occasion inside a game, or wagering on sports in seven days in length or season-long rivalry. Sports betting involves staking on the outcome of sporting events. Bettors attempt to predict the result of an event in order to win their bet - and potentially profit. NFL, NHL, NBA, MLB and other iconic American sports are all part of the package at sports betting. But besides that they also offer a range of European and other worldly sports, so the online sportsbooks is a good choice if person come from other territories across the globe.

Global sports betting market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2023 to 2030 and is expected to reach USD 297,638.20 million by 2030.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021

Quantitative Units

Revenue in USD Million

Segments Covered

By Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari Mutuel), Platform (Online and Offline), Sports (Racing and Non Racing Sports), Operator (Casinos, Bingo Halls, Card Rooms, Bookmakers, Coin-Operated Gambling Device, Concession Operators, Video Gaming Terminals, Lotteries Operator, Off-Track Sports Betting, and Others), Age Group (GEN Z, GEN Y/MILLENIALS, GEN X, Baby Boomers).

Countries Covered

U.S., Canada, Mexico, Australia & New Zealand, Japan, South Korea, China, Singapore, Thailand, Philippines, Indonesia, Malaysia, India and Rest of Asia-Pacific, Italy, Germany, U.K., France, Spain, Netherlands, Turkey, Russia, Switzerland, Belgium, Luxemburg and Rest of Europe, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

BETSSON AB, FORTUNA ENTERTAINMENT GROUP A.S., LAS VEGAS SANDS CORPORATION, bet365., Flutter Entertainment plc, 888 Holdings Plc, Entain, Kindred Group plc, MGM Resorts International, Kindred Group plc, Wynn Resorts Ltd, NOVIBET, Galaxy Entertainment Group Limited, Resorts World at Sentosa Pte. Ltd., Sun International, RTSmunity a.s., SKY INFOTECH, Peermont Global Proprietary Limited, SJM Holdings Limited, Sportradar AG, FanUp, Inc., Rivalry Ltd., EveryMatrix., Kairos Group, BETAMERICA, Scientific Game, ComeOn Group among others.

Market Definition

Sports betting is a financial bet on the result of one or numerous games, events/non-events of an occasion inside a game, or wagering on sports in seven days in length or season-long rivalry. Sports betting involves staking on the outcome of sporting events. Bettors attempt to predict the result of an event to win their bet - and potentially profit.

NFL, NHL, NBA, MLB, and other iconic American sports are all part of the package for sports betting. But besides that, they also offer a range of European and otherworldly sports, so online sportsbooks are a good choice if people come from other territories across the globe.

Sports Betting Market Dynamics

Drivers

Rising usage of online betting

Sports betting is known as predicting sports results and making a bet on the outcome. The most popular sports for wagering at the amateur and professional levels include association football, American football, basketball, baseball, hockey, track cycling, car racing, mixed martial arts, and boxing. The frequency of sports wagering varies by culture. In addition to non-athletic events like reality TV competitions and elections, sports betting is legal in non-human competitions like cockfighting, greyhound racing, and horse racing.

Increasing e-sports competition

Every year, more and more people play video games, and more and more of them are entering virtual worlds. The popularity of e-sports games currently brings in more money than the music and film industries combined. For many people, gaming is no longer merely a pastime. The e-sports sector is expanding as a result of the pandemic. Millions of people turned to recreational gaming during the shutdown; some even turned to professional gaming. But the variety of games and genres available is just as impressive as the success of the top e-sports titles.

Opportunity

Rise in live e-sports coverage platform

The e-sports sector has grown significantly in terms of spectators and money. The growing audience was the key factor in the income growth, not just because those viewers were bringing in money. Brands are engaging in e-sports marketing, both directly and indirectly, as they recognise the potential of reaching a sizable and engaged audience. The surges in e-sports investment and revenue have been fuelled in part by the pop-culturization of the sector. The social aspect of live streaming and gameplay is a major reason why e-sports have reached such heights. Fans can interact directly with players and teams through video game-specific streaming services like Twitch and YouTube Gaming, while more widely used social networks have fostered these relationships. Some e-sports organizations, like FaZe Clan, are aggressively expanding into markets like merchandise, giving their brands more recognition than if they had only focused on e-sports.

Restraints/Challenges

Everyone in the world of sports betting is searching for an advantage. While most seasoned, sharp bettors know that growing a bankroll requires careful money management, in-depth analytical research, and much patience, many novice bettors are searching for quick wins.

In the modern world, sports betting has grown highly widespread. Sports betting is a type of gambling in which a wager is made on how a sporting event will turn out. Online betting is one of the many sports betting types available anywhere. Politicians' elections and reality show competitions are only examples of non-athletic activities that can be bet on. The gambling industry has changed how sports are watched and even played. The uncertainty of the outcome is an essential part of the sport's attraction. If the result is pre-determined, the integrity of sports is lost, and with this, a large part of its meaning and appeal for fans. Match fixing is, therefore, a major threat to sports, and the advent of online gambling has increased the risk of match-fixing for financial gain. The huge scale of the global gambling industry is attractive to organized crime, and the range of the types of bets has increased inside misinformation.

Post COVID-19 Impact on Sports Betting Market

The COVID-19 has positively affected the market. As the use of online games has increased in those years such as betting and fantasy sports games among others. Hence the use of sports betting has widely increased in the world’s population. Hence, the pandemic has effected positively on this market.

Recent Development

In September 2022, Entain Plc announced that it had collaborated with Bally’s Corporation, BetMGM, DraftKings FanDuel, and MGM Resorts International to Launch Principles for Responsible Gaming. This helps organisation brand image among others globally.

Global Sports betting Market Scope

Global sports betting market is segmented into type, platform, operator, sports, and age group. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

Line-In-Play

Fixed Old Betting

Exchange Betting

Daily Fantasy

Spread Betting

E-Sports

Pari Mutuel

Others

On the basis of type, the global sports betting market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari mutuel, others.

Platform

Online

Offline

On the basis of platform, the global sports betting market is segmented into online and offline.

Sports

Racing

Non Racing Sports

On the basis of sports, the global sports betting market is segmented into racing and non-racing sports.

Operator

Food Grade

Casinos

Bingo Halls

Card Rooms

Bookmakers

Coin-Operated Gambling Device

Concession Operators

Video Gaming Terminals

Lotteries Operator

Off-Track Sports Betting

Others

On the basis of operator, the global sports betting market is segmented into food grade, casinos, bingo halls, card rooms, bookmakers, coin-operated gambling device, concession operators, video gaming terminals, lotteries operator, off-track sports betting, others.

Age Group

Gen Z

Gen Y/Millennials

Gen X

Baby Boomers

On the basis of age group, the global sports betting market is segmented into gen z, gen y, gen x and baby boomers.

Sports Betting Market Regional Analysis/Insights

The sports betting market is analysed and market size insights and trends are provided by country, type, platform, sports, operator, age group as referenced above.

Global market comprises of the countries U.S., Canada, Mexico, Australia & New Zealand, Japan, South Korea, China, Singapore, Thailand, Philippines, Indonesia, Malaysia, India and Rest of Asia-Pacific, Italy, Germany, U.K., France, Spain, Netherlands, Turkey, Russia, Switzerland, Belgium, Luxemburg and Rest of Europe, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa.

Asia-Pacific region dominates the sports betting market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to high demand for verification and validation of medical devices in the country.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels 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 the competitors. 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, and application dominance. The above data points provided are only related to the companies' focus on the sports betting market.

Some of the major players operating in the sports betting market are BETSSON AB, FORTUNA ENTERTAINMENT GROUP A.S., LAS VEGAS SANDS CORPORATION, bet365., Flutter Entertainment plc, 888 Holdings Plc, Entain, Kindred Group plc, MGM Resorts International, Kindred Group plc, Wynn Resorts Ltd, NOVIBET, Galaxy Entertainment Group Limited, Resorts World at Sentosa Pte. Ltd., Sun International, RTSmunity a.s., SKY INFOTECH, Peermont Global Proprietary Limited, SJM Holdings Limited, Sportradar AG, FanUp, Inc., Rivalry Ltd., EveryMatrix., Kairos Group, BETAMERICA, Scientific Game, ComeOn Group among others.

SKU-46090

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in 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 price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.

Global Sports Betting Market – Industry Trends and Forecast to 2030

Sports Betting Market Analysis and Insights

Sports Betting Market Dynamics

Post COVID-19 Impact on Sports Betting Market

Global Sports betting Market Scope

Sports Betting Market Regional Analysis/Insights

Competitive Landscape and Sports Betting Market Share Analysis

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Research Methodology:

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Frequently Asked Questions

What is the application segment?

What are the key opportunities of the market?

Who are the major players operating in the market?

Which region dominates the market ?

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