Industry to Reach $246.14 Billion Driven by Key Players Flutter Entertainment, Bet365, Entain, Caesars Entertainment & Kindred
DUBLIN, November 25, 2022 /PRNewswire/ — The “Sports Betting Global Market Opportunities and Strategies to 2031” report has been added to ResearchAndMarkets.com’s sacrifice.
This report describes and explains the sports activities betting market and covers 2016-2021, referred to as the historic interval, and 2021-2026, referred to as the forecast interval, together with additional forecasts for the interval 2026-2031. The report evaluates the market in every area and for the key economies in every area.
The world sports activities betting market has reached a worth of just about $58,073.11 million in 2021, having declined at a compound annual development fee (CAGR) of -7.59% since 2016. The market is predicted to develop from $58,073.11 million in 2021 $185,265.98 million in 2026 at a fee of 26.1%. The market is then anticipated to develop at a CAGR of 5.85% from 2026 and attain $246,146.39 million in 2031.
Growth within the historic interval resulted from a rise in variety of sporting occasions, development in millennial inhabitants, an increase in disposable earnings, and rising entry to smartphones and good computing units comparable to desktops, laptops. The market has been curbed by the coronavirus pandemic, excessive taxes on casinos, climate situations and issues about criminality in sports activities betting.
Going ahead, rising focus of digital sports activities betting, deal with product improvements, rising adoption of 5G networks, rising mergers and acquisitions, urbanization and a rise in web penetration. Factors which will hinder the expansion of the sports activities betting market sooner or later embrace strict authorities rules, restricted betting promoting outdoors the USAand cyber safety and information privateness dangers associated to sports activities betting.
Asian Pacific Ocean was the most important area within the sports activities betting market, accounting for 37.7% of the full in 2021. It was adopted by North America, after which the opposite areas. In the longer term, the quickest rising areas can be within the sports activities betting market center eastand North America the place development can be at CAGRs of 32.9% and 30.6% respectively. This can be adopted by Eastern Europeand Western Europe the place the markets are anticipated to develop at CAGRs of 28.9% and 27.3% respectively.
The prime alternatives within the sports activities betting market, segmented by sort, will come up within the fastened overseas betting market phase, which can improve $35,324.9 million of world annual gross sales by 2026. The prime alternatives within the sports activities betting market segmented by sports activities will come up within the soccer market phase, which can win $30,988.1 million of world annual gross sales by 2026. The prime alternatives within the sports activities betting market, segmented by platform, will come up within the on-line market phase, which can win $99,285.5 million of world annual gross sales by 2026. The prime alternatives within the sports activities betting market dimension will achieve probably the most within the USA at $51,178.0 million.
Market trend-based methods for the sports activities betting market embrace deal with the adoption of augmented actuality and digital actuality, deal with offering cell betting companies, deal with implementation of synthetic intelligence in betting platforms, deal with rising funding, deal with getting into into strategic partnerships, deal with the usage of blockchain know-how and deal with dwell streaming built-in cell sportsbook.
By Type: Live/In-Play; Fixed odd bets; Exchange Betting; Daily Fantasy; Spread betting; Pari-Mutual; Other varieties
By Sport Type: Soccer; Basketball; Baseball; Horse race; Cricket; Hockey; E-Sports; American soccer; Other sports activities
By platform: Online; Offline
Key matters coated:
1. Sports Betting Market Executive Summary
2. Table of contents
3. List of figures
4. List of tables
5. Report construction
6. Introduction and market traits
7. Major market tendencies
8. Global Market Size and Growth
9. Sports Betting Market, Regional Analysis
10. Global Sports Betting Market Segmentation
11. Asia Pacific Market
12. Western Europe market
13. Eastern Europe Market
14. North America market
15. South America market
16. Middle East Market
17. African market
18. Competitive Landscape and Company Profiles
19. Key mergers and acquisitions available in the market
20. Global Sports Betting Opportunities and Strategies
21. Sports betting market, conclusions and proposals
Companies talked about
For extra data on this report go to https://www.researchandmarkets.com/r/8yzbfd
Research and markets
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SOURCE Research and Markets