Sports Betting Market to Reach USD 190.48 Billion by 2030, Growing at 10.78% CAGR

Sports Betting Market Overview

The total global market for the “ Sports Betting Market” was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Sports Betting market, covers an extensive regional analysis and competitive landscape.

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Sports Betting Market Report Scope and Research Methodology

The report on the Sports Betting Market provides a thorough analysis of the market structure and the nature of competition in the market. The Sports Betting Market size was estimated meticulously by using a bottom-up approach to get an understanding of the market growth. Key insights covered in the report include the major drivers of the market at the global level, challenges for future growth, and various opportunities due to technical advancements in the market.

Regional analysis is conducted to provide information on the market leaders in various regions, market penetration, and demographic factors affecting the regional Sports Betting industry. Segment-wise analysis helps gain insights into the core target consumers of the product, and its manufacturers and devise advertising campaigns for the same.

For the competitive analysis of the Sports Betting Market, a competitive matrix is made covering market leaders and new entrants. The report presents an overview of each company along with important takeaways based on the revenue generated, financial health, technological advancements, recent developments, mergers and acquisitions, joint ventures, alliances, and marketing tactics.

Data for the analysis was collected using primary and secondary research methods. A mix of qualitative and quantitative analysis was used in the report. Primary research was used to validate the findings from the secondary research. Research tools such as SWOT, PESTLE, and Porter’s Five Force analysis were used to grasp the factors affecting the growth of the Sports Betting Market. Such analysis makes the report an investor’s guide, thereby helping clients make investment and marketing decisions.

Sports Betting Market Regional Insights

Regional analysis is conducted to assess the status of the Sports Betting market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Sports Betting market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Sports Betting Market Segmentation :

by Platform
Online
Offline

In Europe, the industry for online sports betting has grown significantly in recent years. The ease of access provided by online gambling compared to more conventional options and the abundance of online games are some of the factors propelling the expansion of the online sports betting business in Europe. The laws of the EU are changing quickly, and several nations are updating their laws pertaining to online gambling. Similar to this, European betting sites are growing quickly as new operators set up shop all over the continent. This has increased the segment’s growth even more.

by Game Type
Football
Baseball
Basketball
Hockey
Cricket
Boxing
Horse racing
Other

In the United Kingdom, Ladbrokes signed a three-year sponsorship agreement with PGA Australia in 2017, and William Hill funded Sky Sports News’ broadcast of the 2022–2023 football premierships. As a result, there has been even more convergence, and sports networks like ESPN and Sportsnet have started to offer betting-related content and features. As sports betting becomes more ingrained in the fan experience, this trend should continue to rise.

by Betting Type
Fixed Odds Wagering
Exchange Betting
Live/In-Play Betting
eSports Betting
Others

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.

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Key questions answered in the Sports Betting Market are:

What is Sports Betting ?
What was the Sports Betting market size in ?
What is the growth rate of the Sports Betting Market?
Which are the factors expected to drive the Sports Betting market growth?
What are the different segments of the Sports Betting Market?
What growth strategies are the players considering to increase their presence in Sports Betting ?
What are the upcoming industry applications and trends for the Sports Betting Market?
What segments are covered in the Sports Betting Market?
Who are the leading companies and what are their portfolios in Sports Betting Market?
What segments are covered in the Sports Betting Market?
Who are the key players in the Sports Betting market?

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Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment |
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
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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