The Sports Betting Market size was valued at USD 93.62 Billion in 2023 and the total Sports Betting revenue is expected to grow at a CAGR of 10.78% from 2024 to 2030, reaching nearly USD 190.48 Billion by 2030.

Sports Betting Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Sports Betting Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Sports Betting market by thorough analysis, and projections are made up to 2030.

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Sports Betting Market Scope and Methodology:

The Sports Betting market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Sports Betting market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Sports Betting market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Sports Betting market were developed. The study provides a thorough value chain analysis that clarifies the Sports Betting production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Sports Betting market on a global and micro level.

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Sports Betting Market Regional Insights :

The size and trends in the Sports Betting market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

Sports Betting Market Segmentation:

by Platform

Online
Offline

The worldwide sports betting market was dominated by the Online Platform subsegment. The internet category had the largest revenue share of 62.70% in 2023 as a result of shifting consumer preferences, new trends, and unique local circumstances. During the projected period, the segment is anticipated to grow at a significant compound annual growth rate (CAGR) and present profitable growth prospects for the players in the sports betting market. Customers are betting more on their favorite sporting events since it's easier to do so from the comfort of their homes thanks to the simplicity of use and accessibility of online platforms. The whole betting experience for clients has been improved by the use of cutting-edge technologies like live streaming and in-play betting.

by Game Type

Football
Baseball
Basketball
Hockey
Cricket
Boxing
Horse racing
Other

by Betting Type

Fixed Odds Wagering
Exchange Betting
Live/In-Play Betting
eSports Betting
Others

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Sports Betting Market Key Players:

1. Betson AB
2. Flutter Entertainment PLC
3. DraftKings Co., Ltd.
4. Kindred Group PLC
5. 1XBET
6. 22BET
7. Sports Pesa
8. FORTUNA ENTERTAINMENT GROUP
9. LAS VEGAS SANDS CORPORATION (U.S.),
10. Entain (U.K.),
11. MGM Resorts International
12. Wynn Resorts Holdings LLC.
13. NOVIBET (Greece)
14. Galaxy Entertainment Group Limited
15. Resorts World at Sentosa Pte. Ltd.
16. Sun International
17. RTSmunity a.s.
18. Sky Infotech
19. Peermont Global Proprietary Limited
20. SJM Holdings Limited
21. Sportradar AG
22. FanUp Inc.
23. Rivalry Ltd.
24. EveryMatrix
25. Kairos Group

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Key questions answered in the Sports Betting Market are:

• What is Sports Betting?
• What was the Sports Betting market size in 2023?
• Which are the factors expected to drive the Sports Betting market growth?
• Who are the leading companies and what are their portfolios in Sports Betting Market?
• What growth strategies are the players considering to increase their presence in Sports Betting?
• What are the upcoming industry applications and trends for the Sports Betting Market?
• What will be the CAGR at which the Sports Betting market will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Sports Betting Market?
• What are the different segments of the Sports Betting Market?
• What is the growth rate of the Sports Betting Market?
• What segments are covered in the Sports Betting Market?
• Who are the key players in the Sports Betting market?
• What are the key challenges and opportunities in the Sports Betting market?
• Which application holds the highest potential in the Sports Betting market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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