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The ResearchAndMarkets report “Sports Betting Market Share, Trends Analysis Report By Platform (Fixed Odds Wagering, Exchange Betting. Live/In-Play Betting. eSports Betting), by Sports Type, By Area, and Segment Forecasts. 2023 – 2030” has been added.
Global sports betting market size is expected to reach USD 182.12 Billion by 2030. This represents a 10.3% annual growth rate from 2023 to 2030.
The growth of the market is due to the expansion of internet infrastructure and the evolving regulatory landscape for the entire gambling industry around the world.
The market has also seen positive effects from the rise in sports events and leagues around the world, such as the NFL and FIFA World Cup, Carabao Cup and UEFA Europa League.
The market will grow due to an increase in disposable income, and rising use of AI and Blockchain technologies to improve prediction algorithms in betting software.
Esports is a competitive, organized multiplayer video game tournament. It can be played by professionals, individuals or teams. There has been a huge increase in events around the world since the COVID-19 pandemic. To offer their customers the chance to place bets on esports competitions, market players are using the increase in esports events to make extra income.
Stable growth opportunities are available for the betting industry due to the rise in online sports events, which is complemented by an increase in esports tournaments. According to the U.K Gambling Commission’s report, there was a 2922% increase in esports betting revenue year-over-year from March 2019 to February 2020.
To meet the growing demand for sports betting, major players in the global gambling industry operate through official websites and online platforms. Market players are also expanding their presence in countries that have supportive regulatory compliance. Unikrn Inc. was a global esports betting and entertainment media company that launched its betting platform in Canada in December 2021. The company also announced that it will expand its presence in regulated markets by 2023.
Multiple households across the globe were affected by the COVID-19 pandemic. This situation also led to the cancellation and closure of international sports matches as well as land-based betting shops and casinos. The rise of esports, virtual sporting events and esports has helped to expand the online betting market. Online sports betting gained popularity during the pandemic, which saw an increase in participants. According to Public Health England’s study, online gambling has seen a 9.0% increase during the pandemic. According to the GB Gambling Commission survey mobile devices are still the most popular form of gambling. A large percentage of people worldwide are inclined to esports betting, according to the survey.
Sports Betting Market Report Highlights
- North America will see a CAGR of approximately 11% over the forecast period. As of January 2023 in the United States, sports betting was legalized in 36 states. This is a positive factor that will help to drive regional market growth.
- Online platforms dominated the market in 2022. They are expected to show the highest CAGR over the forecast period.
- In 2022, a large market share was held by fixed-odds betting. The fastest growth rate for the eSports segment of the betting market is expected to be during the forecast period. This is due to increased demand for interactive gaming.
- The highest market share for football, also known by soccer, was registered in 2022. The second highest market share was held by horseracing.
Key Attributes
|
Report Attribute |
Details |
| No. No. | 131 |
| Forecast Period | 2022 – 2030 |
| 2022 Estimated Market Value (USD). | $83.65 Billion |
| Forecasted Market Value (USD), by 2030 | $182.12 Billion |
| Compound Annual Growth Rate | 10.3% |
| The Regions Covered | Global |
Key Topics:
Chapter 1 Scope and Methodology
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
Chapter 4 Sports Betting Market – Platform Estimates and Trend Analysis
4.1 Market Size Estimates, Forecasts and Trend Analysis, 2018-2020 (USD Billion).
4.2 Market Share Analysis & Platform Movement Analysis, 2022 & 2030
4.3 Offline
4.4 Online
Chapter 5 Sports Betting Market – Betting Type Estimates and Trend Analysis
5.1 Market Size Forecasts and Trend Analysis, 2018-2020 (USD Billion).
5.2 Betting Type Analysis & Market Share 2022 & 2030
Wagering with Fixed Odds 5.3
5.4 Exchange Betting
5.5 Live/In Play Betting
5.6 Esports Betting
5.8 Others
Chapter 6 Sports Types and Trend Analysis
6.1 Market Size Forecasts & Forecasts, 2018-2020 (USD Billion).
6.2 Sports Type Movement Analysis and Market Share, 2022-2030
6.3 Football
6.4 Basketball
6.5 Baseball
Horse Racing
6.7 Cricket
6.8 Hockey
6.9 Other
Chapter 7 Regional Estimates & Trend Analysis
Chapter 8 Competitive Analysis
Chapter 9 Competitive Landscape
Companies Mentioned
- 888 Holdings Plc
- bet365
- Betsson AB
- Churchill Downs Incorporated
- Entain plc
- Flutter Entertainment Plc
- IGT
- Kindred Group Plc
- Sportech Plc
- William Hill Plc
