Global Sports Betting
LONDON--(BUSINESS WIRE)--The sports betting market is expected to grow by USD 144.44 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Global Sports Betting Market: Overview As the effective sports betting landscape initiates carrying real value to the economies of numerous countries, the idea of sports betting, as considered illegal by regulatory bodies, is observing an epochal scale of change. Growing penetration of smartphones along with the acceptance of video streaming and instant messaging services have boosted the growth of online sports betting through mobile devices during the forecast period. The global sports betting industry reached a market size of 203 billion U.S. Dollars in 2020. Within this industry, there were approximately 197 thousand employees in a total of almost 31 thousand. The “Sports Betting (Global) – Industry Report” has been added to ResearchAndMarkets.com’s offering. This report provides a detailed overview of the global sports betting market.
The popularity of sports events such as NFL, FIFA, UEFA Champions League, and others has grown significantly over recent years. High-profile sports such as soccer, baseball, and cricket attract massive consumer and media interest, which is increasing sponsorship deals for players, clubs, associations, and owners. Besides, sports organizations are increasing their spend on marketing and promotional activities to attract viewers. Also, several sports betting companies rank among top sponsors of sports teams in the world. This is crucial in developing the brand equity of vendors. Therefore, increasing commercialization of sports events will have a positive influence on the growth of the global sports betting market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40575
As per Technavio, the legalization of sports betting will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Sports Betting Market: Legalization of Sports Betting
Sports betting is legal in a few states of the US, the UK, Denmark, Italy, and other European countries. Several governments across the world are also legalizing online gambling and sports betting, which is providing new growth opportunities for market vendors. For instance, in September 2016, the Government of Singapore relaxed laws related to online gambling, after which the popularity of sports betting increased significantly in the country. Similarly, in November 2019, the Government of California announced its plans to legalize sports betting throughout the state. This trend is expected to boost the growth of the global sports betting market during the forecast period.
“Emergence of machine learning in sports betting and the increasing popularity of e-sports tournaments will further boost market growth during the forecast period”, says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Sports Betting Market: Segmentation Analysis
This market research report segments the sports betting market by Platform (Offline and Online) and Geography (North America, APAC, Europe, South America, and MEA).
The APAC region led the sports betting market in 2019, followed by Europe, North America, MEA, and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing presence of digital platforms and the adoption of online betting.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Some of the key topics covered in the report include:
Platform
- Offline
- Online
Geographic Segmentation
- North America
- APAC
- Europe
- South America
- MEA
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
New York, NY, July 26, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Sports Betting Market by Platform (Online and Offline), By Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, and Others), and by Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024’’.
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.
The report covers a forecast and an analysis of the sports betting market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the sports betting market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the sports betting market on a global level.
This report offers a comprehensive analysis of the global sports betting market along with market trends, drivers, and restraints of the sports betting market. This report includes a detailed competitive scenario and a product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Browse through 54 Tables & 39 Figures spread over 110 Pages and in-depth TOC on “Global Sports Betting Market Size & Share 2017 Analysis: Industry Type, Trends, Growth, Segments and Forecast 2024”.
Request Sample Report of Global Sports Betting Market @ https://www.zionmarketresearch.com/sample/sports-betting-market
Abstract
- The report covers the forecast and analysis for the Sports betting market on a global and regional level.
- The report includes the positive and negative factors that are influencing the growth of the market.
- The revenue generated by the prominent industry players has been analyzed in the report.
- The market numbers have been calculated using top-down and bottom-up approaches.
- The Sports betting market has been analyzed using Porter’s Five Forces Analysis.
- The market is segmented on the basis of agriculture type, software type, service type, solution type, and application type, which in turn is bifurcated on a regional level as well.
- All the segments have been evaluated based on present and future trends.
- The report deals with in-depth quantitative and qualitative analyses of the Sports betting market.
- The report includes detailed company profiles of the prominent market players.
Request for PDF Brochure of This Report: https://www.zionmarketresearch.com/requestbrochure/sports-betting-market
The sports betting market is one of the fastest-growing markets in the world and continues to gain popularity among people of all generations. This market offers tremendous growth potential for both the sportspersons and the bettors. With the digital revolution transforming the world every second, the sports betting market is likely to grow dynamically in the future.
In various countries across the globe, the regulations that were put earlier on betting activities are being lifted by several governments in recent years. For instance, in the U.S., the Supreme Court overturned the federal ban on professional and amateur sports protection act. Various companies, like 888 Holdings PLC, are famous for online gaming operators, such as casino, poker, etc., are making various developments in the market for attracting bettors. 888 Holdings PLC is one of the leading players in the market and has already positioned itself in the market by partnering with various companies based in the U.S. The increasing popularity of virtual sports betting is one of the major factors likely to support the market for sports betting over the forecast time period. On the other hand, the strict regulations led down by various governments of different countries across the world might hamper the development of the sports betting market on a global scale in the future.
Request Here to Access Detail Report TOC:https://www.zionmarketresearch.com/download-toc/sports-betting-market
With digital revolution transforming the world every second, the sports betting market is likely to grow dynamically in the future. This market currently holds around 70% of the global gambling revenue, which is more than any other sectors inclusive of lotteries, casinos, and poker, among other forms of gambling. Various games are popular for betting around the world, but European football has been attracting the greatest betting revenue, which is closely followed by baseball. The increasing popularity of virtual sports betting is one of the major factors likely to support the market for sports betting over the forecast time period. The technological developments have also transformed the process of conducting sports betting. On the other hand, the strict regulations led down by various governments of different countries across the world might hamper the development of the sports betting market on a global scale in the future.
The global sports betting market is segmented based on platform, sports type, and type. Based on the platform, this global market is bifurcated into online and offline. The online sports betting segment is likely to dominate the sports betting market in the upcoming years, due to the increasing awareness regarding the online betting platform. On the basis of type, this market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and others. The sports type segment of this market comprises football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.
Browse the full “Sports Betting Market by Platform (Online and Offline), By Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, and Others), and by Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” Report at https://www.zionmarketresearch.com/report/sports-betting-market
Based on the region, this global market includes Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific region held the most significant share of the sports betting market in terms of value during 2017, owing to the growing awareness of sports betting in the developing regions of China, India, etc. The North American sports betting market is likely to witness a noteworthy rate of growth over the estimated timeframe.
Inquire more about this report before purchase @https://www.zionmarketresearch.com/inquiry/sports-betting-market
Some key participants operating in the global sports betting market include 888 Holdings PLC, GVC Holdings PLC, Kindred Group, Paddy Power Betfair PLC, William Hill PLC, Bet365 Group Ltd., The Stars Group Inc., DraftKings, Betsson AB, and BetAmerica, among others.
Request customized copy of report @https://www.zionmarketresearch.com/custom/3667
Read Similar Report: Online Gambling & Betting Market, 2017 – 2024
This report segments the global sports betting market into:
Sports Betting Market: Platform Analysis
- Online
- Offline
Sports Betting Market: Type Analysis
- Line-in-play
- Fixed Old Betting
- Exchange Betting
- Daily Fantasy
- Spread Betting
- E-Sports
- Pari-Mutuel
- Others
Sports Betting Market: Sports Type Analysis
- Football
- Baseball
- Basketball
- Hockey
- Cricket
- Tennis
- Golf
- Boxing
- Horse Riding
- Auto Racing
- Others
Sports Betting Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Sports Betting Websites
Visit Our Blog: https://blackmartappz.com Web Series Reviews
Global Sports Betting Software Market
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website:https://www.zionmarketresearch.com
Global Sports Betting Market
Blog:http://zmrblog.com