Sports Betting Market Growth Set to Surge Significantly to 2030
Sports Betting Market Growth Set to Surge Significantly to 2030
Sports Betting Market, By Platform, By Betting Type (Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting), By Sports Type and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Global Sports Betting Market research provides a new perspective into the components and workings of the Sports Betting Market on global as well as regional levels. The report serving as an invaluable source of guidance for readers covers an analysis overview of the industry chain of the global market and discusses key elements associated with it, Sports Betting Market. The report focuses on the global status, future forecast, growth opportunity, key market, and key players.

The Global Sports Betting Market size was estimated at USD 89.91 billion in 2023 and is projected to reach USD 182.02 billion in 2030 at a CAGR of 10.6% during the forecast to 2030.

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The expansion of digital infrastructure and the widespread availability of wireless connectivity are the primary catalysts behind the burgeoning sports betting market. The advent of smartphones has revolutionized consumer behavior across a multitude of domains, including the realm of game betting. The global count of smartphone users currently stands at approximately 6.3 billion individuals, with this figure exhibiting steady growth on an annual basis.

Top Key Competitors of Sports Betting Market:

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 and More

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Sports Betting Market Segmentations:

By Platform

·        Offline

·        Online

By Betting Type

·        Fixed Odds Wagering

·        Exchange Betting

·        Live/In-Play Betting

·        Others

By Sports Type

·        Football

·        Basketball

·        Baseball

·        Horse Racing

·        Cricket

·        Hockey

·        Others

Recent Developments

·        In March 2023, OpenBet, a multinational company that provides sports betting entertainment, expanded its presence in the United States with a day-one launch in Massachusetts.

·        In September 2022, Bet365, the renowned sports betting giant, successfully launched its online sports betting service in the state of Colorado. Leveraging one of Century Casinos' master licenses with the state, the sportsbook operator made its highly-anticipated betting application available to the market. This strategic partnership enabled Bet365 to swiftly go live with its cutting-edge platform, offering an exciting array of sports betting options to enthusiastic Colorado bettors.

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