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The “Europe Sports Betting Market Size, Share & Trends Analysis Report by Type, Platform, Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others), Country, and Segment Forecasts, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
By 2030, the European sports betting market is projected to grow at a 9.9% CAGR from 2024 until 2030.
Globalization and integration of international tournaments and leagues into European betting markets has fueled sports betting’s growth. The popularity of major sporting events like the FIFA World Cup and UEFA European Championships, Wimbledon and the Olympics, attracts a lot of attention from European consumers. This leads to a significant increase in betting and revenue for sports betting operators.
The COVID-19 Pandemic has had a negative effect on the European Sports Betting Market. The market’s growth was hampered by the cancellation or postponement sports events due to the COVID-19 pandemic. The absence of major sports events, such as tournaments, competitions and leagues that were either canceled or suspended, severely reduced the betting opportunities for consumers. This led to a substantial decline in the betting volume and revenue for sports betting operators.
The growth of the sports gambling market in the area is attributed to the favorable betting policies that exist in the region. In many European countries such as the UK and Ireland, Denmark and France, progressive betting policies are in place to promote a well-regulated and competitive market. It encourages new operators to enter the market, which leads to better services and innovation.
Moreover, responsible gambling initiatives in Europe and regulatory bodies such as the European Gaming & Betting Association help build trust among consumers by promoting the responsible gambling practices. They also ensure fairness and transparency of betting operations and provide avenues for dispute settlement, in order to protect consumers and maintain integrity of the betting markets.
Europe Sports Betting Market Report Highlights
- The fixed-odds wagering segment will have the highest revenue share in 2023, at 27,7%. This is due to the predictability and stability of payouts.
- According to platform, online betting dominated the market between 2023 and 2024. It is predicted to grow at an impressive CAGR of 12% from 2024 to 3030. This can be attributed the collaborations that have been made between betting companies and sports leagues. They are increasing the visibility of betting on sports and attracting more customers.
- The football segment was the most profitable in terms of sport type. This can be attributed the popularity of soccer in Europe, thanks to clubs such as Real Madrid, Liverpool FC FC Barcelona and Manchester United.
- The UK is expected to have a large share in 2023, with 34.6%. It will also grow at an impressive CAGR over the forecast period. The growth of the market is attributed to the favorable gambling policies that exist in the country.
Company Profiles
- Bet365
- Ali William Hill
- Betfair
- Paddy Power
- 888sport
- Bwin
- Unibet
- Ladbrokes
- MGM Resorts International
- Betsson
Key Attributes
|
Report Attribute |
Details |
| No. No. | 80 |
| Forecast Period | 2023 – 2030 |
| Estimated market value (USD) by 2023 | $33.75 Billion |
| Forecasted market value (USD) by 2030 | $65.54 Billion |
| Compound Annual Growth Rate | 9.9% |
| Areas covered | Europe |
Topics covered:
Methodology and Scope of Chapter 1 Chapter 1.
Chapter 2. Chapter 2.
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Chapter 3.
3.1. Market Lineage Outlook
3.1.1. 3.1.1.
3.1.2. Market outlook for related/ancillary products
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Increased number of sporting events
3.2.1.2. Growing number of sports events and leagues across Europe
3.2.2. 3.2.2. Market Restraint Analysis
3.2.2.1. Lack of uniform regulations
3.2.3. 3.2.3.
3.2.3.1. E-sports audiences are growing
3.3. Europe Sports Betting Market Analysis Tool
3.3.1. Porter’s Industry Analysis
3.3.2. PESTEL Analysis
Chapter 4. Chapter 4.
4.1. Market Share by Platform, 2023 and 2030
4.2. Segment Dashboard
4.3. Europe Sports Betting Market By Platform Outlook
4.4. Market Size, Forecasts, and Trend Analysis from 2018 to 2030
4.4.1. Offline
4.4.2. Online
Chapter 5. Chapter 5.
5.1. Type Market Share 2023 & 2030
5.2. Segment Dashboard
5.3. Europe Sports Betting Market Outlook by Type
5.4. Market Size, Forecasts & Trend Analysis from 2018 to 2030
5.4.1. Fixed Odds Betting
5.4.2. Exchange Betting
5.4.3. Bet on Live/In-Play Betting
5.4.4. eSports betting
5.4.5. 5.4.5.
Chapter 6. Chapter 6.
6.1. Market Share of Sports Types, 2023 and 2030
6.2. Segment Dashboard
6.3. Europe Sports Betting Market Outlook by Sports Type
6.4. Market Size, Forecasts, and Trend Analysis from 2018 to 2030
6.4.1. Football
6.4.2. Basketball
6.4.3. Baseball
6.4.4. Horse Racing
6.4.5. 6.4.5.
6.4.6. Hockey
6.4.7. 6.4.7.
Chapter 7. Chapter 7.
7.1. Regional Market Share Analysis 2023 & 2030
7.2. Regional Market Dashboard
7.3. Regional Market Snapshot
7.4. Market Size & Trend Analysis, 2018- 2030
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
Chapter 8. Chapter 8.
8.1. Recent Market Developments and Impact Analysis by Key Market Participants
8.2. 8.2.
8.3. Vendor Landscape
8.3.1. List of channel partners and key distributors
8.3.2. 8.3.2.
8.4. 8.4.
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