The global sports betting market continues to surge in popularity. In fact, it’s one of the fastest-growing sectors in the world, offering tremendous potential for both sportsbooks and bettors. With the digital revolution in full swing, the sports betting industry continues to undergo dynamic changes, expanding in established markets and forging its way into new ones. It’s important to recognize that the overall size of the sports betting market is difficult to estimate because regulations and record keeping are inconsistent. There is no definitive resource, from nation to nation, that researchers can solidly rely on. Records are too disparate to paint an entirely accurate picture.
A recent Supreme Court ruling overturned a 1992 prohibition on legal sports betting at the state level. And now, as states legalize sports betting, that massive black market is about to become legally up for grabs. Casino stocks rallied after the Supreme Court decision, and they’re itching for the opportunity to become the dominant sports bet player in the market. As it stands, sports betting is fragmented, but as the market grows, we see an opportunity for a platform to capture the lion’s share of the market..
The global Sports Betting market size will grow steadily at a CAGR of close to +8% by 2026.
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According to the report, one of the major drivers for this market is the digital revolution in sports industry. Owing to the rapid penetration of digital platform and growing Internet penetration, consumers have easy access to online sports betting platforms. Consumers can easily engage in sports betting and connect with the sportsbooks due to the growing digital revolution. Digital platforms enable the punters to place bets from any remote part of the world. Internet gambling is facing high popularity and is steadily becoming the fastest sector of the e-commerce industry. Gamblers are extensively preferring Internet gambling for their activities due to the ease offered and safety provided. Extensive usage of digital processes and growing punter demand is driving the online betting platforms market.
Leading Sports Betting Market players, 888 Holdings, Betfair, Bwin.Party Digital Entertainment, Unibet, William Hill, Amaya, BET365, bet-at-home, BetAmerica, Betfred, Betsson, DraftKings, FanDuel, Gala Coral, Ladbrokes, Sportech.
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Sports Betting market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global Sports Betting market. With the advent of new technologies on a regular basis, players are striving hard to incorporate the latest technology to gain a competitive edge above the rest
Sports Betting Market: Platform Analysis
Sports Betting Market: Type Analysis
- Fixed Old Betting
- Exchange Betting
- Daily Fantasy
- Spread Betting
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The main purpose of this report is to provide in-depth analysis which clearly explains how trends could potentially affect the future of Sports Betting Market during the forecast period. This market is studied through detailed studies of competing manufacturers and upcoming manufacturers. The revenue, production, price, and market share of these players are referred to as accurate information.
What the research report offers:
- Market definition of the global Sports Betting market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of global Sports Betting
- Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
- A comprehensive list of key market players operating in the global Sports Betting
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the global Sports Betting
- Statistical analysis of some significant economics facts
- Figures, charts, graphs, pictures to describe the market clearly.
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Table of Contents:
Global Sports Betting Market Research Report
Chapter 1 Sports Betting Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
…….CONTINUED FOR TOC