PUBLISHER: Value Market Research | PRODUCT CODE: 1352872
PUBLISHER: Value Market Research | PRODUCT CODE: 1352872
The global demand for Sports Betting Market is presumed to reach the market size of nearly USD 227.53 BN by 2030 from USD 79.97 BN in 2022 with a CAGR of 12.32% under the study period 2023 - 2030.
Sports betting is a common activity to predict and place a wager on the outcome of a sport. Sports betting has become one of the most entertaining ways to watch sports and make money. The main types of sports betting are line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel and other styles.
The growth of digital infrastructure and the widespread use of wireless connectivity is expected to drive the sports betting market growth rate. Moreover, the increase in the number of sports leagues and events is expected to propel the growth of the sports betting market. Also, the rise in the popularity of social gambling and gambling apps will drive the sports betting market growth during the forecast period. Furthermore, the surge in purchasing power of middle-income groups, expansion of distribution channels, increased product awareness and smart strategic marketing activities will benefit the growth of the sports betting market. In addition, the use of AI and blockchain in sports betting applications is a key trend that is gaining popularity in the sports betting services market. However, stringent regulations imposed by the government may hamper market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sports betting. The growth and trends of sports betting industry provide a holistic approach to this study.
This section of the sports betting market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.