The Sports Betting Market size was valued at USD 93.62 Billion in 2023 and the total Sports Betting revenue is expected to grow at a CAGR of 10.78% from 2024 to 2030, reaching nearly USD 190.48 Billion by 2030.

Sports Betting Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Sports Betting Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Sports Betting Market.

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Sports Betting Market Scope and Methodology:

The Sports Betting Market requires a mix of both qualitative and quantitative research methods. Sports Betting Market information is gathered through different research methods including expert advice, primary and secondary research, both qualitative and quantitative. Primary research gathers important data from interviews, surveys, questionnaires, and input from industry experts, customers and other sources either in person or over the phone.

The report provides in-depth analysis on different strategies used by leading companies, such as partnerships, mergers, acquisitions, and collaborations. The report conducted a SWOT analysis to evaluate the company's market position through identifying its strengths, weaknesses, opportunities, and threats. Analytical techniques, such as examining investment returns, conducting a feasibility study, and using Porter's five forces analysis, were employed to assess the Sports Betting market. The bottom-up approach was used to determine the global and regional Sports Betting market sizes.

Sports Betting Market Regional Insights:

The Sports Betting Market report is segmented into various key countries. Countries such as North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries), South America (Brazil), and the Middle East and Africa.

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Sports Betting Market Segmentation:

 by Platform

Online
Offline

Based on the Platform segment, the Online Platform sub-segment dominated the worldwide sports betting sector. The internet category had the largest revenue share of 62.70% in 2023 as a result of shifting consumer preferences, new trends, and unique local conditions. Throughout the projection period, the segment is anticipated to expand at a significant compound annual growth rate (CAGR) and present profitable growth prospects for participants in the sports betting industry. Customers can now more easily wager on their favorite sporting events from the comfort of their homes thanks to the simplicity and accessibility of internet platforms, which has increased engagement. Customers now have a better overall betting experience because to the incorporation of cutting-edge technologies like live streaming and in-play betting.

by Game Type

Football
Baseball
Basketball
Hockey
Cricket
Boxing
Horse racing
Other

by Betting Type

Fixed Odds Wagering
Exchange Betting
Live/In-Play Betting
eSports Betting
Others

Sports Betting Market Key Players:

 1. Betson AB
2. Flutter Entertainment PLC
3. DraftKings Co., Ltd.
4. Kindred Group PLC
5. 1XBET
6. 22BET
7. Sports Pesa
8. FORTUNA ENTERTAINMENT GROUP
9. LAS VEGAS SANDS CORPORATION (U.S.),
10. Entain (U.K.),
11. MGM Resorts International
12. Wynn Resorts Holdings LLC.
13. NOVIBET (Greece)
14. Galaxy Entertainment Group Limited
15. Resorts World at Sentosa Pte. Ltd.
16. Sun International
17. RTSmunity a.s.

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Key questions answered in the Sports Betting Market are:

• What is Sports Betting?
• What is the growth rate of the Sports Betting Market?
• Which are the factors expected to drive the Sports Betting Market growth?
• What are the upcoming opportunities and trends for the Sports Betting Market?
• Who are the leading companies and what are their portfolios in Sports Betting Market? 
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Sports Betting Market?
• Who are the key players in the Sports Betting Market?
• What are the different segments of the Sports Betting Market?
• Which is the fastest growing region in the Sports Betting Market?
• What growth strategies are the players considering to increase their presence in Sports Betting?
• What is the CAGR at which the Sports Betting Market will grow during the forecast period?
• What segments are covered in the Sports Betting Market?

For additional insights into this study, please refer to:https://www.maximizemarketresearch.com/market-report/global-sports-betting-market/31896/ 

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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