how much is sports betting industry worth

Increasing presence of secure online payment options is also boosting the online sports betting market. The is due to the proliferation of smartphones and increasing access to internet in various parts of the world.

Online sports betting is projected to account for a significant share of the market over the forecast period. Global Sports Betting Market Share by Platform The report gives a detailed analysis of the following key players in the global sport betting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. Based on region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. On the basis of platform, the market is bifurcated into online and offline. Based on sports type, the market is segmented into football, basketball, baseball, horse racing, cricket, and hockey, among others. On the basis of betting type, the market is divided into fixed odd wagering, exchange betting, live in/play betting, and e-sports betting, among others. While gambling in general may face restrictions in terms of legality, sports betting is receiving widespread approval by various governments.

Increasing legalisation of sports betting across various countries is a key trend sporting the market growth.

Fans of a particular sport often are interested in betting on that particular sport.

Sports betting is becoming increasingly popular among the general population due to its entertainment appeal and the widespread interest in various sports.

Mobile sports betting apps and services also allow users to place on-the-go bets, further boosting their utilisation.

Introduction of mobile betting has positively impacted the sports betting industry growth as it increases convenience.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF It involves predicting the winners of the sports competitions and placing bets on the basis of those predictions. Sports betting is a type of gambling where individuals can place wagers and bets on the outcome of sporting events. The market is further expected to grow at a CAGR of 9.30% between 20, reaching a value of USD 218.76 billion by 2032. The global sports betting market size reached a value of approximately USD 98.26 billion in 2023.

How much is sports betting industry worth