The size of the sports betting market was estimated at USD 93.62 billion in 2023, and it is anticipated that overall sports betting income will increase at a compound annual growth rate (CAGR) of 10.78% between 2024 and 2030, reaching almost USD 190.48 billion.
Sports Betting Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Sports Betting Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Sports Betting market, with forecasts outspreading to the year 2030.
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Sports Betting Market Scope and Methodology:
The research provides a thorough understanding of the Sports Betting industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Sports Betting market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Sports Betting market and its segments. The examination of the Sports Betting industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Sports Betting industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
Sports Betting Market Regional Insights
The Sports Betting market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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Sports Betting Market Segmentation
by Platform
Online
Offline
The worldwide sports betting market was controlled by the Online Platform subsegment. The internet category had the largest revenue share of 62.70% in 2023 as a result of shifting consumer preferences, new trends, and unique local conditions. Throughout the projection period, the segment is anticipated to expand at a significant compound annual growth rate (CAGR) and present profitable growth prospects for participants in the sports betting industry. Customers can now more easily wager on their favorite sporting events from the comfort of their homes thanks to the simplicity and accessibility of internet platforms, which has increased engagement. Customers now have a better overall betting experience because to the incorporation of cutting-edge technologies like live streaming and in-play betting.
by Game Type
Football
Baseball
Basketball
Hockey
Cricket
Boxing
Horse racing
Other
by Betting Type
Fixed Odds Wagering
Exchange Betting
Live/In-Play Betting
eSports Betting
Others
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Sports Betting Market Key Players
1. Betson AB
2. Flutter Entertainment PLC
3. DraftKings Co., Ltd.
4. Kindred Group PLC
5. 1XBET
6. 22BET
7. Sports Pesa
8. FORTUNA ENTERTAINMENT GROUP
9. LAS VEGAS SANDS CORPORATION (U.S.),
10. Entain (U.K.),
11. MGM Resorts International
12. Wynn Resorts Holdings LLC.
13. NOVIBET (Greece)
14. Galaxy Entertainment Group Limited
15. Resorts World at Sentosa Pte. Ltd.
16. Sun International
17. RTSmunity a.s.
18. Sky Infotech
19. Peermont Global Proprietary Limited
20. SJM Holdings Limited
21. Sportradar AG
22. FanUp Inc.
23. Rivalry Ltd.
24. EveryMatrix
25. Kairos Group
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Table of Content: Sports Betting Market
Part 01: Executive Summary
Part 02: Scope of the Sports Betting Market Report
Part 03: Global Sports Betting Market Landscape
Part 04: Global Sports Betting Market Sizing
Part 05: Global Sports Betting Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Sports Betting Market are:
- What is Sports Betting?
- What was the Sports Betting market size in 2023?
- What is the growth rate of the Sports Betting Market?
- Which is the fastest-growing region in the Sports Betting market?
- Which are the factors expected to drive the Sports Betting market growth?
- What is the CAGR at which the Sports Betting market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Sports Betting?
- What are the upcoming opportunities and trends for the Sports Betting Market?
- What are the different segments of the Sports Betting Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sports Betting Market?
- What segments are covered in the Sports Betting Market?
- Who are the key players in the Sports Betting market?
- Who are the leading companies and what are their portfolios in Sports Betting Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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