The Sports Betting market research report is grounded in a thorough customer intelligence and competitive study of the market. It provides deep insights into demand forecasts, market trends, and both micro and macro indicators. The report highlights the factors driving and restraining the market, offering a comprehensive business intelligence analysis based on qualitative and quantitative parameters. Additionally, this market document delivers detailed insights and analysis of market segments down to possible micro levels. The report profiles companies and dealers/distributors, including manufacturers and suppliers in the Sports Betting market.
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Summary of the Report
The Global Sports Betting Market was valued at USD 85.41 billion in 2023 and is estimated to reach approximately USD 220.05 billion by 2032, at a CAGR of 11.0% from 2024 to 2032.
People bet on the results of athletic events in the vibrant sports betting market. Online platforms have transformed accessibility and enabled worldwide engagement, driven by technological developments. To generate well-informed forecasts, bettors examine odds, team performance, and statistics. Because of the thrill of placing bets on sports like basketball, football, and horse racing, this market has expanded quickly. Its reach has been further increased by changes in regulations and the emergence of mobile betting apps. In a diverse and dynamic entertainment scene, the sports betting business is always changing and offers chances for investors as well as enthusiasts.
In-depth qualitative analyses include the identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter's Five Forces Analysis
The trend and outlook of the global market are forecasted in optimistic, balanced, and conservative views. The balanced (most likely) projection is used to quantify the global extended reality market in every aspect of classification from the perspectives of Technology, Component, Device Type, Industry Vertical, End-user, and Region.
Based on technology, the global market is segmented into the following sub-markets with annual revenue for 2024-2032 (historical and forecast) included in each section.
Competitive Landscape
The research report on the Sports Betting market unearths the competitive terrain of the industry, which includes organizations like 888 Holdings Plc; Bet365; Betsson AB; Churchill Downs Incorporated; Entain plc; Flutter Entertainment Plc; IGT, Kindred Group Plc; Sportech Plc; William Hill Plc, and various others.
Browse in-depth TOC on "Sports Betting Market"
· 60 Tables
· 220 Figures
· 254 Pages
Key Insights and Concepts Covered in the Report:
· The assessments accounted by all the zones and the market share registered by each region are mentioned in the report.
· The study sums up the product consumption growth rate in the applicable regions along with their consumption market share.
· Data regarding the Sports Betting Industry market consumption rate of all the provinces, based on applicable regions and product types is included in the report.
· Region-based analysis of the Sports Betting Industry market:
· The Sports Betting Industry market, with regards to provincial scope, is segmented into USA, Europe, Japan, China, India, and South East Asia. The report also includes information regarding product use throughout the topographies.
Sports Betting Market Recent Developments
In October 2023, Entain completes the purchase of Angstrom Sports. In a deal worth up to £203.0 million, gambling behemoth Entain has completed the acquisition of sports modeling, forecasting, and analytics expert Angstrom Sports.
In August 2023, Penn Entertainment's betting app will be rebranded by Disney-owned ESPN, which will grant it exclusive rights to use the ESPN moniker. The sports broadcaster has pledged to promote the ESPN Bet app on its online and broadcast platforms, and Penn will run the app. Penn's rights are ten years long now, with the possibility of a further ten years. Apart from the licensing price of $1.5 billion, Penn will also provide ESPN the ability to acquire shares in the company for around $500 million.
In September 2022, The world-renowned sports and entertainment company Endeavor Group Holdings, Inc., also known as "Endeavor," closed the previously announced acquisition of OpenBet, a top platform, content, and service provider to the sports betting industry, from Light & Wonder, Inc., for an estimated $800 million, which was paid for with a combination of cash and shares of Endeavor's Class A common stock.
Segmentation
By Type
· Fixed Odds Wagering
· Exchange Betting
· Live/In-Play Betting
· Pari-Mutuel
· E-sports Betting
· Others
By Platform
· Online
· Offline
By Application
· Draw games
· Instant games
· Lotto
· Number games
· Others
By Sports
· Football
· Basketball
· Baseball
· Horse Racing
· Cricket
· Hockey
· Others
Table of Contents
· Report Overview: It includes major players of the global Sports Betting Market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.
· Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are highlighted. It also provides growth rates of key producers operating in the global Sports Betting Market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Sports Betting Market are discussed.
· Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, market entry dates, distribution, and market areas of key manufacturers.
· Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
· Market Size by Application: Besides an overview of the Sports Betting Market by application, it gives a study on the consumption in the global market by application.
· Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.
Study Objectives of Sports Betting Market Research:
- To analyze and study the global Sports Betting sales, value, status, and forecast (2024-2032).
- To analyze the top players in North America, Europe, China, Japan, Southeast Asia, and India, and to study the sales, value, and market share of top players in these regions.
- Focuses on the key Sports Betting players, to study the sales, value, market share, and development plans in the future.
- Focuses on the global Sports Betting Market key manufacturers, to define, describe and analyze the market competition landscape, and SWOT analysis.
- To define, describe and forecast the market by type, application, and region.
- To analyze the global and key regions market potential and advantage, opportunities and challenges, restraints and risks.
- To identify significant trends and factors driving or inhibiting market growth.
- To analyze the opportunities in the market for stakeholders by identifying high-growth segments.
- To strategically analyze each submarket with respect to individual growth trends and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Market Opportunities and Threats:
Get in-depth details about factors influencing the market shares of the Americas, APAC, and EMEA.
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