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Sports Betting Market Overview (2023 to 2033)

The sports betting market size is estimated to be at US$ 91,940.9 million in 2023 and is expected to increase at a CAGR of 10.3% to US$ 245,792.4 million by 2033.

The growing popularity of connected devices, the adoption of sports betting, and the evolving digital infrastructure all contribute to the demand for sports betting.

The online segment of the sports betting market is anticipated to experience significant growth. Further, the forecast period might be impacted by the growing demand for a sport betting’s digitalization. Various governments are regulating the frameworks impacting the sports betting market's future trends to give consumers new sports betting market opportunities for employment and enriching experiences.

Attribute Details
Sports Betting Market CAGR (2023 to 2033) 10.3%
Sports Betting Market Size (2023) USD 91,940.9 million
Sports Betting Market Size (2033) USD 245,792.4 million

According to DataReportal's Global Social Media Overview April 2021, there are more than 4.8 billion internet users worldwide. Also, online betting allows players to monitor betting activity in real-time using internet-connected devices escalating the sports betting market growth as well as the sports betting market trends and forecasts.

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What is Propelling the Sports Betting Market?

The sports betting market growth is anticipated to be fueled by the expansion of sporting leagues and events. Further, a sports league or event is a gathering of teams, nations, associations, or individuals competing against one another in a match for a trophy or championship.

These leagues are scheduled to take place at specific times or during specific seasons, and all participating teams or individuals are required to do so to determine the league's overall champion which surges the adoption of sports betting resulting in positively influencing the sports betting market's future trends.

New professional sports leagues are starting up all over the world, giving customers the chance to diversify their wagering expenses. As a result, the sports betting market is expanding as a result of the expansion of sports leagues and events in the sports betting market.

One of the key factors driving the sports betting market growth is the global expansion of digital infrastructure. Additionally, the growing number of sports leagues and events around the world, as well as the surge in demand for sports betting among millennial and older people, are driving sports betting market growth along with sports betting market adoption trends.

What Restrains the Sports Betting Market?

Strict rules governing the game are predicted to impede the sports betting market expansion. During the forecast period, worries about illegal activity are expected to pose a challenge to the sports betting market opportunities as well as sports betting market trends and forecasts.

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What are the Trends in the Sports Betting Market?

The growing impact of technologies such as blockchain, virtual reality, and AI, specifically machine learning tools are the sports betting market key trends. Moreover, the sports betting market is predicted to expand during the forecast period as a result of increased consumer demand for sports betting, which is being driven by technological advancements.

The leading sports betting market vendors are increasingly focusing a significant portion of their investments on machine learning tools and methods that have demonstrated promising results in prediction. Further, machine learning assists in the development of predictive algorithms and accurate predictive models for improved betting efficiency.

Consumers must develop useful strategies and make accurate predictions to increase their efficiency as the sports betting market evolves. New machine learning algorithms that attempt to predict the outcomes of games and races are expected to become familiar to sports bettors. As a result, the rise of machine learning might be a boon to the global sports betting market during the forecast period.

The sports betting market is also influenced by the adoption of sports betting through video streaming and instant messaging services, as well as changes in the regulatory landscape of the sports betting market. Moreover, the sports betting market expansion of distribution channels, increase in purchasing power of middle-income groups, increase in product awareness and smart strategic marketing activities all have a positive impact on the sports betting market key trends and opportunities.

The use of 5G networks, as well as the use of AI and blockchain technologies is estimated to provide profitable sports betting market opportunities to participants during the forecast period.

Comparative View of the Adjacent Sports Betting Market

Sports Betting Market:

Attributes Sports Betting Market
CAGR (2023 to 2033) 10.5%
Market Value (2033) US$ 150 billion
Growth Factor Instant messaging and video streaming service adoption, as well as a shift in the regulatory environment, might all have an impact on the market.
Opportunity The use of 5G networks, AI, and blockchain technologies expand the market's significant opportunities.
Key Trends One of the key factors fueling the expansion of the sports betting market is the expanding digital infrastructure.

Esports Market:

Attributes Esports Market
CAGR (2023 to 2033) 19%
Market Value (2033) US$ 4200 million
Growth Factor Video games are becoming increasingly popular.
Opportunity An increasing number of events with large prize pools are being held.
Key Trends Increasing public awareness of esports.

Casino Management Systems Market:

Attributes Casino Management Systems Market
CAGR (2023 to 2033) 17%
Market Value (2033) US$ 19 Billion
Growth Factor Better management of security and surveillance operations in casinos is in high demand.
Opportunity Application of advanced analytics technologies to improve solution capabilities.
Key Trends The changing lifestyle and societal concerns, as well as the increased use of cashless slot machines and server-based gaming, will drive market growth.

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Category Wise Insight

Which is the Leading Segment in the Sports Betting Market by Betting Type?

In 2022, the fixed odds wagering segment held a sports betting market share of more than 25%, while the eSports betting segment is expected to secure a significant CAGR of 14.8% in the sports betting market during the forecast period.

Interactive games are gaining popularity among children. While a significant portion of the population participates in competitive matches for entertainment, income, and recreation, eSports competitions draw large audiences. Further, the sports betting market has begun to capitalize on the opportunity through eSports betting which in turn influences the sports betting market adoption trends.

Which is the Leading Segment in the Sports Betting Market by Platform?

The platform segment of the sports betting market was led by the online platform segment, which is expected to dominate the sports betting market by the end of the forecast period, with a CAGR of 13%.

The online sports betting market is a stable and a notably expanding sector of the global economy which might escalate the sports betting market key trends and opportunities on the whole.

The anticipated sports betting market growth can be attributed to the increasing global use of smartphones and the internet. Further, the global population's lifestyle has been influenced by technological advancement and digitalization.

Financial sports betting market growth, an improvement in living standards, and an increase in disposable income are all co-dependent factors affecting the sports betting market's future trends.

Which is the Leading Segment in the Sports Betting Market by Sports Type?

Football events generate the majority of revenue from all other types of sports in the sports betting market. Also, Football accounted for more than 20.2% of the sports betting market share in 2022 and is expected to grow in the future positively affecting the sports betting market adoption trends.

Following football, the horse racing segment accounted for the second-largest sports betting market share and is expected to thrive at a CAGR of 10.3% during the forecast period. Further, the basketball and baseball segments of the sports betting market are also expected to expand by close to 10%. Many different types of sports are expected to grow in popularity.

The increasing number and annual events of sports leagues such as the NFL, IPL, EFL, and others are factors contributing to the development of these segments constructively impacting the sports betting market opportunities as well as the sports betting market trends and forecasts.

Region Wise Insight

Which is the Leading Region in the Sports Betting Market?

The Asia Pacific region accounted for around 30.0% of revenue and is expected to maintain the high CAGR in the sports betting market.

The presence of a significant percentage of young population who also participate in various forms of sports is the most important factor contributing to the sports betting market development. Also, gambling is a popular trait among the people of China and India. Further, the sports betting market is expected to grow significantly as a result of such collective factors along with the sports betting market opportunities.

What is the Growth Projection for Europe Sports Betting Market?

The Europe held a market share of 22.6% in 2022. The Europe region is expected to thrive at a CAGR of nearly 11.0%. Sports betting regulations in Europe are favorable to the population of Europe.

Online gambling increased significantly positively affecting the sports betting market adoption trends, since the pandemic restricted land-based gambling. The majority of firms extend into regulated sectors to earn a sustainable income, the industry derives a substantial amount of its earnings from the United Kingdom, Spain, Germany, and other nations in Europe.

Europe's sports betting business has grown significantly in recent years, because sports betting is mostly used in tournaments like the FIFA World Cup, Wimbledon, and European Championships. Additionally, Tennis appeared to be one of Europe's leading betting sports in 2021 as a result of the 2021 Wimbledon Championship, although Wimbledon combined with the UEFA Euro Cup, indicating the increasing appeal of sports betting throughout the Europe region.

How Competition Influences the Sports Betting Market?

The leading sports betting market players focus on developing engaging websites and offering exclusive deals to gain a competitive advantage in the sports betting market. Additionally, companies are also focusing on integrating technology such as APIs to improve functionality and provide user-friendly interface.

  • Viscus Infotech Ltd., an Indian software company, for example, develops sports betting applications and offers sportsbook betting solutions based on algorithms.

Recent Developments:

LEGALISATION:

  • After the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in May 2018, eight states in the USA legalized sports betting.

LAUNCH:

  • Bitgame, a Poland-based sports betting platform operator, launched a new website on a blockchain-powered sports betting platform in May 2021.
  • In September 2022, Bet365's e-sports betting service was introduced in Colorado. Utilizing one of Century Casinos' master licenses from the state, the sportsbook provider was operational with its betting service on the market.
  • May 2022: William Hill, a sports betting and online casino administrator, established its flagship brand and announced plans to substantially boost its revenue in Latvia. Furthermore, William Hill plans to capitalize on current media agreements with bespoke creatives based on the Brotherhood brand approach.

ACQUISITION:

  • Endeavor Group Holdings Inc, the United States of America-based entertainment and Sports Company, acquired OpenBet from Scientific Games in September 2021. Endeavor's position in the sports betting ecosystem might be strengthened by this acquisition, which is currently led by IMG ARENA. OpenBet is a sport betting entertainment company based in the United Kingdom.
  • The Stars Group paid US$ 4.7 billion in cash and stock to acquire Sky Betting & Gaming in the United Kingdom in April 2018. To attract end users, the company promoted itself by launching innovative digital campaigns such as the 'Stars £100 million Challenge' during the 2018 FIFA World Cup.

PARTNERSHIP:

  • Kindred Futures partnered with Cockroach Labs in October 2017 to create a next-generation global online gaming platform.

EXPANSION:

  • 888 Holding plc is focusing on expanding its B2B offering by offering end-to-end solutions that include technology, operations, and advanced marketing tools in both regulated and newly regulated markets. In addition, the company is focused on capitalizing on opportunities and expanding online betting in regulated markets.

Scope of Report

Report Attribute Details
Growth Rate CAGR of 10.3% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Sports Betting Market Size (2023) USD 91,940.9 million
Sports Betting Market Size (2033) USD 245,792.4 million
Quantitative Units Revenue in USD Million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Platform
  • Betting Type
  • Sports Type
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC Countries
  • South Africa
  • Israel
Key Companies Profiled
  • 888 Holdings Plc
  • Bet365
  • Betsson AB
  • Churchill Downs Incorporated
  • Entain plc
  • Flutter Entertainment Plc
  • IGT
  • Kindred Group Plc
  • Sportech Plc
  • William Hill Plc
Customization Available Upon Request

Key Segmentation

By Platform:

  • Offline
  • Online

By Betting Type:

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

By Sports Type:

  • Football
  • Basketball
  • Baseball
  • Horse Racing
  • Cricket
  • Hockey
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

Frequently Asked Questions

How Big is the Sports Betting Market?

The market is valued at US$ 91.9 billion in 2023.

Who are the key Sports Betting Players?

888 Holdings Plc., Bet365, and Betsson AB are key market players.

What is the growth forecast for Sports Betting Market?

The market is forecast to register a CAGR of 10.3% through 2033.

Which is the key segment by betting type?

Fixed odds wagering segment is likely to remain preferred through 2033.

Which is the top trend in the Sports Betting Market?

Expanding digital infrastructure is encouraging the market growth.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Platform, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Platform, 2023 to 2033

        5.3.1. Offline

        5.3.2. Online

    5.4. Y-o-Y Growth Trend Analysis By Platform, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Platform, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Betting Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Betting Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Betting Type, 2023 to 2033

        6.3.1. Fixed Odds Wagering

        6.3.2. Exchange Betting

        6.3.3. Live/In-Play Betting

        6.3.4. Pari-mutuel

        6.3.5. eSports Betting

        6.3.6. Others

    6.4. Y-o-Y Growth Trend Analysis By Betting Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Betting Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sports Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis by Sports Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Sports Type, 2023 to 2033

        7.3.1. Football

        7.3.2. Basketball

        7.3.3. Baseball

        7.3.4. Horse Racing

        7.3.5. Cricket

        7.3.6. Hockey

        7.3.7. Others

    7.4. Y-o-Y Growth Trend Analysis by Sports Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis by Sports Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. The USA

            9.2.1.2. Canada

        9.2.2. By Platform

        9.2.3. By Betting Type

        9.2.4. By Sports Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Platform

        9.3.3. By Betting Type

        9.3.4. By Sports Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Platform

        10.2.3. By Betting Type

        10.2.4. By Sports Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Platform

        10.3.3. By Betting Type

        10.3.4. By Sports Type

    10.4. Key Takeaways

11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Platform

        11.2.3. By Betting Type

        11.2.4. By Sports Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Platform

        11.3.3. By Betting Type

        11.3.4. By Sports Type

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Platform

        12.2.3. By Betting Type

        12.2.4. By Sports Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Platform

        12.3.3. By Betting Type

        12.3.4. By Sports Type

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Platform

        13.2.3. By Betting Type

        13.2.4. By Sports Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Platform

        13.3.3. By Betting Type

        13.3.4. By Sports Type

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Platform

        14.2.3. By Betting Type

        14.2.4. By Sports Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Platform

        14.3.3. By Betting Type

        14.3.4. By Sports Type

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Platform

        15.2.3. By Betting Type

        15.2.4. By Sports Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Platform

        15.3.3. By Betting Type

        15.3.4. By Sports Type

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Platform

            16.1.2.2. By Betting Type

            16.1.2.3. By Sports Type

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Platform

            16.2.2.2. By Betting Type

            16.2.2.3. By Sports Type

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Platform

            16.3.2.2. By Betting Type

            16.3.2.3. By Sports Type

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Platform

            16.4.2.2. By Betting Type

            16.4.2.3. By Sports Type

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Platform

            16.5.2.2. By Betting Type

            16.5.2.3. By Sports Type

    16.6. United Kingdom

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Platform

            16.6.2.2. By Betting Type

            16.6.2.3. By Sports Type

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Platform

            16.7.2.2. By Betting Type

            16.7.2.3. By Sports Type

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Platform

            16.8.2.2. By Betting Type

            16.8.2.3. By Sports Type

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Platform

            16.9.2.2. By Betting Type

            16.9.2.3. By Sports Type

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Platform

            16.10.2.2. By Betting Type

            16.10.2.3. By Sports Type

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Platform

            16.11.2.2. By Betting Type

            16.11.2.3. By Sports Type

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Platform

            16.12.2.2. By Betting Type

            16.12.2.3. By Sports Type

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Platform

            16.13.2.2. By Betting Type

            16.13.2.3. By Sports Type

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Platform

            16.14.2.2. By Betting Type

            16.14.2.3. By Sports Type

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Platform

            16.15.2.2. By Betting Type

            16.15.2.3. By Sports Type

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Platform

            16.16.2.2. By Betting Type

            16.16.2.3. By Sports Type

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Platform

            16.17.2.2. By Betting Type

            16.17.2.3. By Sports Type

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Platform

            16.18.2.2. By Betting Type

            16.18.2.3. By Sports Type

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Platform

            16.19.2.2. By Betting Type

            16.19.2.3. By Sports Type

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Platform

            16.20.2.2. By Betting Type

            16.20.2.3. By Sports Type

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Platform

            16.21.2.2. By Betting Type

            16.21.2.3. By Sports Type

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2022

            16.22.2.1. By Platform

            16.22.2.2. By Betting Type

            16.22.2.3. By Sports Type

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2022

            16.23.2.1. By Platform

            16.23.2.2. By Betting Type

            16.23.2.3. By Sports Type

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Platform

        17.3.3. By Betting Type

        17.3.4. By Sports Type

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. 888 Holdings Plc

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. Bet365

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. Betsson AB

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. Churchill Downs Incorporated

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. Entain plc

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Flutter Entertainment Plc

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. IGT

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. Kindred Group Plc

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Sportech Plc

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. William Hill Plc

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 4: Global Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 6: North America Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 8: North America Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: Latin America Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 11: Latin America Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 12: Latin America Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Western Europe Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 15: Western Europe Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 16: Western Europe Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Eastern Europe Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 19: Eastern Europe Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 20: Eastern Europe Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: East Asia Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 27: East Asia Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 28: East Asia Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Platform, 2018 to 2033

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Betting Type, 2018 to 2033

Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Sports Type, 2018 to 2033

List of Charts

Figure 1: Global Market Value (US$ Million) by Platform, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 9: Global Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 10: Global Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 11: Global Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 12: Global Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 13: Global Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 14: Global Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 17: Global Market Attractiveness by Platform, 2023 to 2033

Figure 18: Global Market Attractiveness by Betting Type, 2023 to 2033

Figure 19: Global Market Attractiveness by Sports Type, 2023 to 2033

Figure 20: Global Market Attractiveness by Region, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Platform, 2023 to 2033

Figure 22: North America Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 23: North America Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 28: North America Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 29: North America Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 30: North America Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 31: North America Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 34: North America Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 37: North America Market Attractiveness by Platform, 2023 to 2033

Figure 38: North America Market Attractiveness by Betting Type, 2023 to 2033

Figure 39: North America Market Attractiveness by Sports Type, 2023 to 2033

Figure 40: North America Market Attractiveness by Country, 2023 to 2033

Figure 41: Latin America Market Value (US$ Million) by Platform, 2023 to 2033

Figure 42: Latin America Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 43: Latin America Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 54: Latin America Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 57: Latin America Market Attractiveness by Platform, 2023 to 2033

Figure 58: Latin America Market Attractiveness by Betting Type, 2023 to 2033

Figure 59: Latin America Market Attractiveness by Sports Type, 2023 to 2033

Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 61: Western Europe Market Value (US$ Million) by Platform, 2023 to 2033

Figure 62: Western Europe Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 63: Western Europe Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 68: Western Europe Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 71: Western Europe Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 74: Western Europe Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 77: Western Europe Market Attractiveness by Platform, 2023 to 2033

Figure 78: Western Europe Market Attractiveness by Betting Type, 2023 to 2033

Figure 79: Western Europe Market Attractiveness by Sports Type, 2023 to 2033

Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033

Figure 81: Eastern Europe Market Value (US$ Million) by Platform, 2023 to 2033

Figure 82: Eastern Europe Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 83: Eastern Europe Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 97: Eastern Europe Market Attractiveness by Platform, 2023 to 2033

Figure 98: Eastern Europe Market Attractiveness by Betting Type, 2023 to 2033

Figure 99: Eastern Europe Market Attractiveness by Sports Type, 2023 to 2033

Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033

Figure 101: South Asia and Pacific Market Value (US$ Million) by Platform, 2023 to 2033

Figure 102: South Asia and Pacific Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 103: South Asia and Pacific Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 117: South Asia and Pacific Market Attractiveness by Platform, 2023 to 2033

Figure 118: South Asia and Pacific Market Attractiveness by Betting Type, 2023 to 2033

Figure 119: South Asia and Pacific Market Attractiveness by Sports Type, 2023 to 2033

Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033

Figure 121: East Asia Market Value (US$ Million) by Platform, 2023 to 2033

Figure 122: East Asia Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 123: East Asia Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 128: East Asia Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 129: East Asia Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 131: East Asia Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 132: East Asia Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 134: East Asia Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 137: East Asia Market Attractiveness by Platform, 2023 to 2033

Figure 138: East Asia Market Attractiveness by Betting Type, 2023 to 2033

Figure 139: East Asia Market Attractiveness by Sports Type, 2023 to 2033

Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 141: Middle East and Africa Market Value (US$ Million) by Platform, 2023 to 2033

Figure 142: Middle East and Africa Market Value (US$ Million) by Betting Type, 2023 to 2033

Figure 143: Middle East and Africa Market Value (US$ Million) by Sports Type, 2023 to 2033

Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033

Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Platform, 2018 to 2033

Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Platform, 2023 to 2033

Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Platform, 2023 to 2033

Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Betting Type, 2018 to 2033

Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Betting Type, 2023 to 2033

Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Betting Type, 2023 to 2033

Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Sports Type, 2018 to 2033

Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Sports Type, 2023 to 2033

Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Sports Type, 2023 to 2033

Figure 157: Middle East and Africa Market Attractiveness by Platform, 2023 to 2033

Figure 158: Middle East and Africa Market Attractiveness by Betting Type, 2023 to 2033

Figure 159: Middle East and Africa Market Attractiveness by Sports Type, 2023 to 2033

Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033

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