Sports Betting Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2032

 The sports betting market is expected to be worth USD 84.58 billion in 2022, rising at a CAGR of 10.2% to USD 223.40 billion by 2032.

The primary variables impacting the sports betting market future trends as well as sports betting market adoption trends include the expansion of linked smart smartphones, changes in the digital economy of South Asian economies, and an increase in the popularity of online betting among millennials.

Younger individuals have been encouraged to spend more time on cellphones thanks to the Covid-19 phase, which has been in effect for the past two years. This has favoured the adoption of sports betting. Asian nations have a higher concentration of the younger population. Consumers tended to turn to the internet platform more during lockdowns that had a beneficial impact on major trends and prospects in the sports betting market for the resolution of their monetary, social, and psychological problems.

Get a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15132

The market for sports betting is being driven by the spread of wireless connectivity and the development of digital infrastructure. The rising use of smartphones has altered consumer behaviour, which has also raised the demand for sports betting and altered how consumers wager on games.

Additionally, as there are more sporting events and leagues, there is a growing interest in sports betting, which boosts the industry’s sales.

Sports including football, basketball, baseball, hockey, cricket, boxing, and auto racing attract the most wagers. Horse racing and eSports are examples of non-athletic events that can be bet on as sports.

Additionally, as internet usage has increased, there have been more investments made in online platforms, which has led to sports betting market growth.

KEY TAKEAWAYS:

  • The online platform segment, which is predicted to dominate the sports betting market with growth at a CAGR of 12.6% through 2032, led the sports betting market in terms of platforms.
  • While the eSports betting segment is expected to grow at the fastest CAGR of 14.8% through 2032, the fixed odds wagering segment currently holds a sports betting market share of over 25%.
  • Football holds a 23.0% sports betting market share in terms of sports type and is anticipated to grow over time.
  • The second-largest sports betting market share was held by the horse racing industry, which is projected to expand at a CAGR of 10.3% through 2032.
  • Through 2032, sports betting market growth in the basketball and baseball segments is anticipated to be close to 10%.
  • Around 30.0% of revenue of sports betting market was generated in the Asia Pacific region, which is also predicted to have the highest CAGR over the forecast period.
  • During the forecast period, the Europe region is expected to exhibit a CAGR of nearly 11%.
  • In 2022, Europe held a 37% sports betting market

COMPETITIVE LANDSCAPE:

New market research report on sports betting says that 888 Holdings Plc; Bet365; Betsson AB; Churchill Downs Incorporated; Entain plc; Flutter Entertainment Plc; IGT; Kindred Group Plc; Sportech Plc; William Hill Plc are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the sports betting market, including sports betting market growth, sports betting market share, sports betting market key trends and opportunities and important sports betting market statistics.

For More Information on this Report @
https://www.futuremarketinsights.com/reports/sports-betting-market

RECENT DEVELOPMENT:

LAUNCH:

  • A new website on a sports betting platform powered by blockchain technology was launched by Bitgame, a sports betting platform operator with headquarters in Poland, in May 2021. To give users a seamless and engaging experience, the new website combined sports betting and blockchain-secured cryptocurrency.

ACQUISITION:

  • For US$1.2 billion in cash ($1 billion) and Endeavor Group Holdings Inc.’s Class A common stock ($200 million), Scientific Games sold OpenBet to the US-based entertainment and Sports Company in September 2021.

Comments

Post a Comment

Popular posts from this blog

Airbag Control Unit Sensor Market Outlook, Trends & Demand Analysis during Forecast 2022 to 2032

 The global Airbag Control Unit Sensor Market is expected to increase at a 6.7% CAGR between 2022 and 2032, from US$ 590.3 million in 2022 to US$ 1,127.6 million. The spike is due to the increase in road fatalities. The airbag control/sensor unit aids in the detection of collisions. Activate the airbags to protect a passenger in the event of a collision. Before activating the appropriate restraint frameworks, the airbag control unit detects and evaluates the severity of an accident. The device receives data from up to six crash sensors. This includes speed sensors as well as a rotational speed sensor. These readings are used to assess and investigate signals from other sensors. The crash signals are then communicated to the airbag control unit and a new additional system, which activates the hazard and interior lights, shuts off the fuel pump, and stops the engine. Restraint systems are further improved to be the most effective based on the type of accident. Get a Sample Copy of this
Read more

Procurement Software Market Report | Size, Growth, Demand, Scope, Opportunities & Forecast 2022-2032

 The worldwide  procurement software is probably going to be esteemed at US$ 6,548.9 million of every 2022 and is anticipated to get a CAGR of 12.3% during the estimate time frame. The market is supposed to develop at a worth of US$ 20,937.9 million by 2032. The deals of procurement software are on the ascent as they are profoundly being conveyed among enterprises to buy and deal with the stock levels carefully. The procurement business is developing quickly with the rising requirements of an association. To make due and support in this seriously cutthroat market, merchants are zeroing in on further developing their conveyance models with innovation. The interaction or the activity to obtain labor and products is known as procurement. Procurement software is a PC program assists in creating a buy with requesting, executing the requesting system on the web, and matching solicitations to materials got, and taking care of all bills electronically. It helps in diminishing outside costs, p
Read more

Advanced Process Control Market Outlook, Growth Opportunity & Demand Analysis during Forecast 2022 to 2032

 The global Advanced Process Control market by Future Market Insights reveals hidden opportunities as well as potential threats. From 2022 to 2032, the advanced process control market is expected to grow at a 9.31% CAGR. The report provides in-depth coverage of the Advanced Process Control market, with a focus on the key growth drivers, opportunities, restraints, and challenges that are expected to dominate the market in the coming years. According to FMI, the industrial automation industry will continue to grow through 2022 and beyond. Increasing machine usage and demand for high-quality products in various industries, as well as the installation of smart devices in machinery, are some of the factors driving the growth of the Advanced Process Control market in the industrial automation industry. Download A Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-509 Automation is being implemented in industries to increase productivity and reduce labour
Read more