Latest Report, titled " Sports Betting Market " Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031, by Kings Research offers a comprehensive analysis of the industry, which comprises insights on the market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Sports Betting Market was valued at USD 99.87 billion in 2023 and is anticipated to rise from USD 108.73 billion in 2024 to USD 212.82 billion by 2031, at a CAGR of 10.07% over the forecast period.

Browse Full Report Details @ https://www.kingsresearch.com/sports-betting-market-811 

List of Key Companies in Sports Betting Market

• 888 Holdings Plc
• DraftKings
• MGM Resorts
• Entain
• Flutter Entertainment Plc
• Kindred Group Plc
• Scientific Games.
• Sportradar Group AG
• Wynn Resorts Holdings.
• BETSSON AB

Market Overview:

The sports betting industry has evolved significantly, moving from traditional betting shops to sophisticated online platforms. This shift is largely attributed to the integration of cutting-edge technologies like AI and blockchain, which have enhanced user experience, security, and transparency. The market's expansion is also supported by the legalization of sports betting in various regions, making it more accessible and socially acceptable.

Key Drivers:

Technological Innovations: The incorporation of AI and machine learning algorithms in sports betting platforms has revolutionized the industry. These technologies enable personalized betting experiences, predictive analytics, and real-time data analysis, thereby attracting a tech-savvy audience.

Regulatory Changes: Several countries have recently legalized sports betting, providing a legal framework that encourages market growth. For instance, the United States has seen a significant increase in sports betting activities following the Supreme Court's decision to strike down the Professional and Amateur Sports Protection Act (PASPA) in 2018.

Increasing Sports Engagement: The global rise in sports viewership and participation has directly influenced the betting market. Major sporting events like the FIFA World Cup, the Olympics, and the Super Bowl attract Billions of viewers, many of whom are potential bettors.

Mobile Betting: The proliferation of smartphones and high-speed internet has facilitated the growth of mobile betting. Bettors can place wagers conveniently through mobile apps, which offer live betting options, seamless payment systems, and user-friendly interfaces.

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