Sports Betting Market Size, Share Report, Analysis, Trends, Growth 2032

Global Sports Betting Market Insights

According to a report from Zion Market Research, the global Sports Betting Market was valued at USD 131.1 Billion in 2023 and is projected to hit USD 179.3​ Billion by 2032, with a compound annual growth rate (CAGR) of 8.83% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Sports Betting Market industry over the next decade.

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Sports Betting Market Industry Perspective:

The study includes drivers and restraints for the sports betting market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the sports betting market on a global level.

This report offers a comprehensive analysis of the global sports betting market along with market trends, drivers, and restraints of the sports betting market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The sports betting market is one of the fastest growing markets in the world and continues to gain popularity among people of all generations. This market offers tremendous growth potential for both the sportspersons and the bettors. With digital revolution transforming the world every second, the sports betting market is likely to grow dynamically in the future.

In various countries across the globe, the regulations that were put earlier on betting activities are being lifted by several governments in recent years. For instance, in the U.S., the Supreme Court overturned the federal ban on professional and amateur sports protection act. Various companies, like 888 Holdings PLC, are famous for online gaming operators, such as casino, poker, etc., are making various developments in the market for attracting bettors. 888 Holdings PLC is one of the leading players in the market and has already positioned itself in the market by partnering with various companies based in the U.S. The increasing popularity of virtual sports betting is one of the major factors likely to support the market for sports betting over the forecast time period. On the other hand, the strict regulations led down by various governments of different countries across the world might hamper the development of the sports betting market on a global scale in the future.

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Sports Betting Market: Segmentation

The global sports betting market is segmented based on platform, sports type, and type. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on platform, this global market is bifurcated into online and offline.

On the basis of type, this market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and others.

The sports type segment of this market comprises football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.

Based on region, this global market includes Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific region held the most significant share of the sports betting market in terms of value during 2017, owing to the growing awareness of sports betting in the developing regions of China, India, etc. The North American sports betting market is likely to witness a noteworthy rate of growth over the estimated timeframe.

Sports Betting Market: Report Scope

Sports Betting Market Segmentation

The study provides a decisive view of the sports betting market by segmenting the market based on platform, sports type, type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2023 to 2032.

By platform, the market is bifurcated into online and offline.

By type, the market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and others.

By sports type, the market is segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.

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Competitive Analysis

Some key participants operating in the global sports betting market, such as 888 Holdings PLC, GVC Holdings PLC, Kindred Group, Paddy Power Betfair PLC, William Hill PLC, Bet365 Group Ltd., The Stars Group Inc., DraftKings, Betsson AB, and BetAmerica, among others.

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global sports betting market.

• 888 Holdings PLC
• GVC Holdings PLC
• Kindred Group
• Paddy Power Betfair PLC
• William Hill PLC
• Bet365 Group Ltd.
• The Stars Group Inc.
• DraftKings
• Betsson AB
• BetAmerica

Sports Betting Market Report Scope:  

This report segments the global sports betting market into:

Sports Betting Market: Platform Analysis

• Online
• Offline

Sports Betting Market: Type Analysis

• Line-in-play
• Fixed Old Betting
• Exchange Betting
• Daily Fantasy
• Spread Betting
• E-Sports
• Pari-Mutuel
• Others

Sports Betting Market: Sports Type Analysis

• Football
• Baseball
• Basketball
• Hockey
• Cricket
• Tennis
• Golf
• Boxing
• Horse Riding
• Auto Racing
• Others

Sports Betting Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa