New York, United States – Quadintel published a new report on the Sports Betting Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Sports Betting Market to reach USD $$ billion by 2030.Global Sports Betting Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022 -2030.
Sports betting is a form of gambling that entails predicting the outcomes of any sporting event and placing bets accordingly. Horse racing, football, poker, and a variety of other activities fall under this category. Individuals and bettors in the sport may both benefit from this segment’s development potential.
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The demand for sports betting is being fueled by factors such as the penetration of connected devices, the shifting legal environment of the broader gambling sector, and the increasing digital infrastructure. Furthermore, as the number of sports leagues and events grows, so does the demand for sports betting among millennials and older people all around the world. Due of the full prohibition on sporting activities in most regions of the world, the COVID-19 epidemic had a significant impact on the sports sector, particularly land-based sports. However, due to eSports betting, the popularity of online sports betting increased significantly throughout the epidemic. For instance, according to LOOT.BET, one of the largest Esports bookies, online betting volumes increased by over 67 percent in 2020. Government rules governing the entire gaming sector are projected to stifle market expansion in many regions and countries. In the forecasting years, however, the use of AI and blockchain technology is expected to drive market growth. For instance, the Gambling Commission, introduced the Gambling Act 2005 to legalize commercial gambling in the United Kingdom. Furthermore, in December 2020, the same act was reviewed, and the government required platform providers to comply with technical developments.
The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Sports Betting market. In 2020, Europe had the highest revenue share, and this is anticipated to continue throughout the projection period. The rise of the regional industry is linked to the adoption of safety rules and regulations for both offline and online betting in most of the region’s countries. Furthermore, prominent sports such as horse racing and football, as well as popular football teams such as Liverpool, Manchester United, and Chelsea F.C., are well-known in countries such as Germany and the United Kingdom. In 2020, Asia Pacific had the second-largest revenue share, and it is expected to grow at the fastest CAGR during the projection period. The market in this region is being driven by factors such as the rising number of individuals wagering on sports such as cricket, hockey, football, and basketball. Furthermore, the legalization of sports betting in countries including India and Australia, as well as factors such as increased internet penetration and middle-class family income levels, are driving market expansion in the Asia Pacific region.
COVID-19 Impact Analysis
The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
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Major market player included in this report are:
888 Holdings Plc
Churchill Downs Incorporated
Flutter Entertainment Plc
Kindred Group Plc
William Hill Plc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Fixed Odds Wagering
Live/In Play Betting
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Sports Betting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Table of Contents:
- Market Overview
- Market Definition and Scope
- Market Dynamics
- Market Industry Analysis
- Market, Regional Analysis
- Analysis of Leading Companies
- Competitive Intelligence
- Research Process
- Market Analysis and Forecast, By Product Types
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
- Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
- the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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