Sports Betting Trends and Forecast
The future of the global sports betting market looks promising with opportunities in the football, basketball, baseball, horse racing, cricket, and hockey markets. The global sports betting market is expected to reach an estimated $140.9 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are rise in the use of connected smart smartphones, increase in the younger generationÄX%$%Xs use of online betting, and significantly growing digital infrastructure.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sports Betting by Segment
The study includes a forecast for the global sports betting by platform, type, sports, end use, and region.
Sports Betting Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Online
• Offline
Sports Betting Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Odds Wagering
• Exchange Betting
• Live/In Play Betting
• Pari-Mutuel
• E-Sports Betting
• Others
Sports Betting Market by Sports [Shipment Analysis by Value from 2018 to 2030]:
• Football
• Basketball
• Baseball
• Horse Racing
• Cricket
• Hockey
• Others
Sports Betting Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Draw Games
• Instant Games
• Lotto
• Number Games
• Others
Sports Betting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sports Betting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sports betting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sports betting companies profiled in this report include-
• 888 Holdings
• Amaya gaming
• Bet365 Group
• BetAmerica
• Bet-at-home.com
• Betfred
• Betsson
• Draft Kings
• Fan duel
• Gala Coral Group
Sports Betting Market Insights
Lucintel forecasts that online will remain the larger segment over the forecast period due to the increasing global adoption of smartphones and other connected devices.
Within this market, football is expected to witness the highest growth due to rising appeal of the game and its large fan base across the world.
Europe will remain the largest region over the forecast period due to growing acceptance of safety rules and laws for betting both online as well as offline.
Features of the Global Sports Betting Market
Market Size Estimates: Sports betting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sports betting market size by various segments, such as by platform, type, sports, end use, and region in terms of value ($B).
Regional Analysis: Sports betting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platforms, types, sports, end uses, and regions for the sports betting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sports betting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sports betting market size?
Answer: The global sports betting market is expected to reach an estimated $140.9 billion by 2030.
Q2. What is the growth forecast for sports betting market?
Answer: The global sports betting market is expected to grow with a CAGR of 8.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sports betting market?
Answer: The major drivers for this market are rise in the use of connected smart smartphones, increase in the younger generationÄX%$%Xs use of online betting and significantly growing digital infrastructure.
Q4. What are the major segments for sports betting market?
Answer: The future of the sports betting market looks promising with opportunities in the football, basketball, baseball, horse racing, cricket, and hockey markets.
Q5. Who are the key sports betting market companies?
Answer: Some of the key sports betting companies are as follows:
• 888 Holdings
• Amaya gaming
• Bet365 Group
• BetAmerica
• Bet-at-home.com
• Betfred
• Betsson
• Draft Kings
• Fan duel
• Gala Coral Group
Q6. Which sports betting market segment will be the largest in future?
Answer: Lucintel forecasts that online will remain the larger segment over the forecast period due to the increasing global adoption of smartphones and other connected devices.
Q7. In sports betting market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to growing acceptance of safety rules and laws for betting both online as well as offline.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sports betting market by platform (online and offline), type (fixed odds wagering, exchange betting, live/in play betting, pari-mutuel, e-sports betting, and others), sports (football, basketball, baseball, horse racing, cricket, hockey, and others), end use (draw games, instant games, lotto, number games, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sports Betting Market, Sports Betting Market Size, Sports Betting Market Growth, Sports Betting Market Analysis, Sports Betting Market Report, Sports Betting Market Share, Sports Betting Market Trends, Sports Betting Market Forecast, Sports Betting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.