Global Sports Betting Market 2019-2023

SKU ID : TNV- 13740979

Publishing Date : 24-Jul-2019

No. of pages : 125

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  • Global Sports Betting Market: About this market

    The sports betting market analysis considers sales through offline and online segments. Betting is prevalent across sports such as soccer, tennis, horse racing, baseball, basketball, cricket, and others. Our analysis also considers sports betting in APAC, Europe, MEA, North America, and South America. In 2018, the offline segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as privacy and trust issues with online betting will significantly help the market segment in maintaining its leading position. Also, our global sports betting report has observed market growth factors such as the digital revolution, increasing commercialization of sports events, and legalization of sports betting. However, stringent government regulations and restrictions, scandals and illegal practices in betting, and socioeconomic impact of sports betting may hamper the growth of the sports betting industry over the forecast period.

    Global Sports Betting Market: Overview

    Legalization of sports betting

    The popularity of sports betting is growing owing to the legalization of the activity by many governments. As a result, the viewership for sports events will increase, augmenting revenues for sports associations and organizations. As a result, the legalization of sports betting will lead to the expansion of the sports betting market at a CAGR over 10% during the forecast period.

    Emergence of machine learning in sports betting

    The use of machine learning tools and methods is gaining prevalence in sport betting. This is because the technology can make almost precise to absolute accurate predictions. This trend will have a positive impact on the overall market growth.

    For the detailed list of factors that will drive the global sports betting market during the forecast period 2019-2023, click here.

    Competitive Landscape

    With the presence of several major players, the global sports betting market is fragmented. The robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading sports betting manufacturers, which include 888 Holdings Plc, Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, and William Hill Plc.

    Also, the Sports betting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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