Sports Betting Market Report

Sports Betting Market Report, by Platform (Online, Offline), Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E–Sport, Pari-Mutule), Application (Draw Games, Instant Games, Number Games), Sport Type (Football, Baseball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing) and Geography – Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 10667 | Publish Date : Upcoming | Industry : Consumer_Goods | Geography : Global


Sports betting includes predicting the results of any sporty activity and making the bets as necessary. Numerous sports come under this heading such as football, cricket, poker, horse racing and many others. This industry delivers gigantic growth opportunities for both individuals and bettors in the sport. 

Market Dynamics – Sports Betting Market

Increasing adaptation of internet-based devices such as tablets and smartphones permit maximising the interface time with end users by fetching them with online gaming practises with the minimum impact on everyday activities. Growing smartphone penetration along with the implementation of video streaming and instant messaging services has fuelled sports betting growth through mobile devices. 

ECONOMIC IMPACT OF COVID-19 ON SPORTS BETTING MARKET

The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the sport betting market. Also, complete analysis of changes on entertainment industry expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. 


SPORTS BETTING MARKET - SEGMENTAL OVERVIEW

The study analyses the global sports betting market based on the platform, application, type, sport type, and geography. Online and offline are the platforms where sports betting takes place. Besides, the market finds application in raw games, instant games, lotto, numbers games etc. Football, baseball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing are some of the sports in which majority of the people are involved in betting. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.

SPORTS BETTING MARKET BY PLATFORM

Online and offline are the platforms where sports betting takes place. The online segment is likely to hold majority of market share, by platform. Online sports betting is predominantly applied in events, such as FIFA World Cup and European Championships. It is also popular in horse racing and tennis. Many of the online sports betting companies are sponsoring different teams as a part of their marketing initiatives and strategic expansions.

SPORTS BETTING MARKET BY APPLICATION

The market finds application in raw games, instant games, lotto, numbers games etc. The instant game segment is anticipated to be the fastest growing segment over the estimated timeframe. Increasing smartphone penetration along with the adoption of video streaming and instant messaging services has fuelled instant games.

SPORTS BETTING MARKET BY SPORT TYPE

Football, baseball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing are some of the sports in which majority of the people are involved in betting. The football holds the majority of market share in term of revenue. Owing to the growing global popularity of football as a sport, this sports records a high betting volume, with an increasing number of bets, particularly from European countries such as Italy and Spain, where football enjoys high popularity. Nowadays the vast majority of football bets are placed online, attributed to the significant changes in the products and various betting markets that bookmakers offer. 

SPORTS BETTING MARKET BY GEOGRAPHY

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. The Europe is leading the global sports betting market. The market records a high demand from European betting consumers, who bet across multiple leagues, pre-match and in-play. As the online sports betting is mostly applied in events, such as FIFA World Cup and European Championships, Europe’s online sports betting market posted substantial growth in the last few years, due to the 2018 FIFA World Cup. Tennis emerged as one of Europe’s biggest betting sports in 2018, despite Wimbledon occurring at the same time as the FIFA World Cup, which indicates the rising popularity of online sport betting across the European region.

SPORTS BETTING MARKET KEY PLAYERS

The key competitors of this market include 888 Group, Kindered Group plc, Wiliam Hill PLC, Churchill Downs Incorporated, bet365, Flutter Entertainment Plc, GVC Holdings Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and among others.

The study analyses the global sports betting market based on the platform, application, type, sport type, and geography. Online and offline are the platforms where sports betting takes place. Besides, the market finds application in raw games, instant games, lotto, numbers games etc. Football, baseball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing are some of the sports in which majority of the people are involved in betting. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.

.Why to Buy This Report:

  • The report offers changing market dynamics in the sports betting market industry, presenting historical, current, and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the Sport betting market.
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential, and niche segments and a neutral perspective of the Sport betting market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of the Sport betting market