Sports Betting Market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2023 to 2030 and is expected to reach USD 297,638.20 million by 2030.
The global sports betting market is moderately competitive. Factors such as the digital revolution, legalization of sports across different counties, and the growing commercialization of sports will increase the number of new entrants in the market, which is intensifying the competition. The market also faces competition in terms of expenditure on sports betting from the overall consumer discretionary spending on other activities such as online fantasy sports platforms and other entertainment and gaming options. The increasing competition in the global sports betting market and the demand for inorganic innovation have resulted in market consolidation. Many major market vendors are engaging in M&A to grow inorganically and increase their market share. Such consolidations will boost the growth of the market
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This Sports Betting Market report offers a lot to businesses such as general market conditions, trends, inclinations, key players, opportunities, geographical analysis and many other parameters that helps to take business towards the growth and success. This market analysis report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the industry as a new emergent. Sports Betting Market business report is produced with the comprehension of the business goals and needs to bridge the gap by delivering the most appropriate and suitable solutions; which rises the company’s growth, by subsidizing the risk and improving their performance.
The e-sports sector has grown significantly in terms of spectators and money.The growing audience was the key factor in the income growth, not just because those viewers were bringing in money. Brands are engaging in e-sports marketing, both directly and indirectly, as they recognise the potential of reaching a sizable and engaged audience. The surges in e-sports investment and revenue have been fuelled in part by the pop-culturization of the sector. The social aspect of live streaming and gameplay is a major reason why e-sports have reached such heights. Fans can interact directly with players and teams through video game-specific streaming services like Twitch and YouTube Gaming, while more widely used social networks have fostered these relationships. Some e-sports organizations, like FaZe Clan, are aggressively expanding into markets like merchandise, giving their brands more recognition than if they had only focused on e-sports.The sports betting market is segmented on the basis of platform, type, sport type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Platform
- Online
- Offline
Type
- Line-In-Play
- Fixed Old Betting
- Exchange Betting
- Daily Fantasy
- Spread Betting
- E-Sports
- Pari-Mutuel
- Others
Sports Type
- Football
- Baseball
- Basketball
- Hockey
- Cricket
- Tennis
- Golf
- Boxing
- Horse Riding
- Auto Racing
- Others
Application
- Draw games
- Instant Games
- Lotto
- Numbers Games
- Others
Highlight of Table of Content:
§ Chapter 1: Market overview
§ Chapter 2: Sports Betting Market analysis
§ Chapter 3: Regional analysis of the Sports Betting Market
§ Chapter 4: Market segmentation based on types and applications
§ Chapter 5: Revenue analysis based on types and applications
§ Chapter 6: Market share
§ Chapter 7: Competitive Landscape
§ Chapter 8: Drivers, Restraints, Challenges, and Opportunities
§ Chapter 9: Gross Margin and Price Analysis
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Some of the major players operating in the sports betting market are:
- william Hill (U.K.)
- Entain (U.K.)
- 888 Holdings (Spain)
- Kindred Group plc (Malta)
- Flutter Entertainment plc (Ireland)
- The Stars Group inc, (Canada)
- Bet365 (U.K.)
- Bet-at-home.com (Germany)
- BetAmerica (U.S.)
Profound Questions Answered in this Report:
· What is the growth rate of various stages in the value chain of the industry?
· Which region has the highest growth rate and size of the emerging market by value in 2021?
· Who are the competitive players in Sports Betting Market?
· Which region has the largest share and degree of competition in the industry?
· What is the CAGR of the market during the forecast period 2021 to 2030?
· Which region is expected to hold the highest market share for the market?
· What is the main driver of the Sports Betting Market?
· What is sales volume, revenue, and price analysis of top players of the market?
· What are the market opportunities and threats faced by the vendors in the industry?
· What has been the impact of COVID-19 on Sports Betting Market?
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