Online Sports Betting Market Key Highlights:
- Market Size (2024): USD 41.44 Billion
- Projected Market Size (2034): USD 100.83 Billion
- CAGR (2024-2034): 9.3%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Online Sports Betting Market Definition
The online sports betting market is an essential sector of the gambling industry. This industry deals with developing online betting platforms for numerous sports, such as cricket, football, basketball, and others. The type of betting includes fixed odds wagering, exchange betting, live/in-play betting, esports betting, and others. The increasing trend of playing fantasy games worldwide is an integral factor in expanding the online sports betting market. The online sports betting industry designs several betting applications, including web-based and mobile-based apps. This market is likely to rise significantly with the growth in the telecommunication sector.
The increasing popularity of sports among youths across the world has increased the demand for online sports betting platforms. Also, the rise in the number of online streaming games by esports has increased the application of online sports betting. Moreover, the growing number of mobile phone users across the globe, along with advancements in high-speed internet, allows people to place bets in real time to earn extra money online. In March 2024, the government of North Carolina announced to legalize online sports betting. Through this announcement, the people of this region can seamlessly use betting platforms online in real time.
The increasing demand for esports, easy access to the internet and rising adoration of different sports has propelled the growth of the online sports betting market. The advancements in block chain technology, along with the integration of crypto in online betting platforms, are expected to create ample opportunities for the market players in the upcoming days.
Online Sports Betting Market Segmentation:
By Type
- Soccer
- American Football
- Basketball
- Hockey
- Mixed Martial Arts and Boxing
- Others
By Application
Online Sports Betting Market Companies:
- Flutter Entertainment
- GVC Holdings
- Bet365
- William Hill
- Kindred Group
- 888 Holdings
- Betsson AB
- DraftKings
- Pinnacle
- Betway
- Betfred
- Bet-at-home.com
- BetAmerica
- BetVictor
- Sports Interaction
- BetWinner
- SBOBET
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