Sports Betting Market Comprehensive Forecast and Analysis of Trends Opportunities and Growth Potential from 2024 to 2030

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 analysis in the report provides an in-depth aspect at the current status of the Sports Betting Market, with forecasts outspreading to the year 2030.

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Sports Betting Market Scope and Methodology:

The main objective of the study is to provide a comprehensive examination of the global Sports Betting market, focusing on a market-oriented approach. This involves understanding the market's dynamics, significant trends, growth drivers, obstacles, and potential opportunities. Data is gathered from primary and secondary research techniques. Primary data collection includes interacting with essential stakeholders in the Sports Betting market, including manufacturers, suppliers, distributors, retailers, end-users, and industry experts, via interviews and surveys. Information obtained from sources such as industry reports, market analyses, company websites, annual reports, trade journals, government publications, and databases constitutes secondary data.

Sports Betting Market segmentation is carried out using various factors such as product, component, size and installation location, and geographical regions like North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Additionally, a prediction model is developed by using past data, current market trends, and future estimates to estimate the market's size and potential growth during the expected timeframe. An in-depth analysis of the competitive environment is carried out, exploring the market strategies, product portfolios, technological advancements, and market positioning of key players. This in-depth examination aims to offer practical insights and support informed decision-making for stakeholders in the Sports Betting industry.

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Sports Betting Market Segmentation:

by Platform

Online
Offline

sports betting market worldwide was dominated by the Online Platform subsegment. Owing to shifting consumer tastes, new trends, and unique local conditions, the online category had the largest revenue share of 62.70% in 2023. Throughout the projection period, the category is anticipated to rise at a significant CAGR and present profitable growth prospects for the participants in the sports betting market. Customers are participating more since it's now simpler for them to wager on their preferred sporting events from the comfort of their homes thanks to the availability and convenience of internet platforms. Customers now have a better overall betting experience because to the incorporation 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

Sports Betting Market Regional Insights:

The Sports Betting Market report is segmented into numerous key countries. Countries like North America, United States, Canada, Mexico, Europe, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries, South America, Brazil, and the Middle East and Africa.

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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?
What is the growth rate of the Sports Betting Market?
Which are the factors expected to drive the Sports Betting Market growth?
What are the upcoming opportunities and trends for 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 different segments of the Sports Betting Market?
Who are the leading companies and what are their portfolios in Sports Betting Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Sports Betting Market?
What growth strategies are the players considering to increase their presence in Sports Betting?
What is the CAGR at which the Sports Betting Market will grow during the forecast period?
Which is the fastest growing region in the Sports Betting Market?

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
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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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