A compound annual growth rate (CAGR) of 16.7% is anticipated over the projection period, with the worldwide betting market estimated at USD 88.3 billion in 2024. Because more people are using smartphones, there is a greater demand for sports betting, and the sector is expanding rapidly due to the widespread use of linked devices. Because of the rise in e-sports during the epidemic, online sports betting is becoming more and more popular.

Sports betting is now widely available due to the growing use of cellphones. The demand in the betting sector is being driven by lucrative leagues worldwide. The market is expanding considerably due to the growing interest in the English Premier League and the Indian Premier League.

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Growth Drivers

Globally, rising disposable income is encouraging people to spend a lot of money on gambling, and more people now have extra money to spend on recreational pursuits like gambling. The market is expanding significantly due to the mainstreaming of sports betting, which includes collaborations with sports leagues and teams. Both live betting and in-play wagering have drawn in new clients and boosted user engagement.

The market has grown as a result of shifting consumer preferences, including a greater acceptance of gambling as a kind of entertainment. The industry is expanding because to the growing global popularity of the English Premier League and the Indian Premier League, as well as the fact that betting has progressively turned into a part-time source of income for people worldwide.

Segmentation

Platform

·         Offline

·         Online

Betting Type

·         Fixed Odds Wagering

·         Exchange Betting

·         Live Betting

·         E-Sports Betting

·         Others

Sports Type

·         Soccer

·         Cricket

·         Baseball

·         Basketball

·         Tennis

·         Horse Riding

·         Hockey

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         William Hill Plc

·         Dream 11

·         My 11 Circle

·         Spartech Plc

·         IGT

·         Flutter Entertainment Plc

·         Churchill Downs Incorporated

·         Entain Plc

·         Bet365

·         888 Holdings Plc

·         Betsson AB

·         Other Players

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