Sports Betting Market is Anticipated to Grow US$ 150 Bn By 2030
The global Sports Betting market is expected to grow at a CAGR of around 10.5% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 150 billion by 2030.
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Growth Factors
The growing digital infrastructure and the penetration of connected devices are the key factors driving the market. Additionally, the increase in the number of sports events and leagues is driving the demand for sports betting platforms.
Sports betting is an activity of foretelling sports results and placing a bet on the result. Most bets are placed on sports, such as football, baseball, basketball, hockey, cricket, boxing, and auto racing. However, sports betting also extends to non-athletic events, such as horse racing and esports.
Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting. Additionally, the increase in the number of sports leagues and events is fueling the demand for sports betting among millennials and elder people around the world.
Report Coverage
| Report Scope | Details |
| Market Size | USD 150 billion by 2030 |
| Growth Rate | CAGR of 10.5% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Platform, Type, Sports type |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | 888 Holdings Plc; Bet365; Betsson AB; Churchill Downs Incorporated; Entain plc; Flutter Entertainment Plc; IGT; Kindred Group Plc; Sportech Plc; William Hill Plc |
Report Highlights
The online segment accounted for the largest revenue share of over 51% in 2021 and is anticipated to maintain its lead over the forecast period. The online segment is expected to witness the fastest growth over the forecast period. In terms of platform, the market has been divided into online and offline sports betting.
The fixed odds wagering segment accounted for the largest revenue share of over 26% in 2021 and is expected to maintain its lead throughout the forecast period. This can be attributed to the familiarity of this betting type among people that bet on sports, such as baseball, football, hockey, horse racing, and basketball globally.
The eSports betting segment is projected to expand at the fastest CAGR of 24.4% over the forecast period. The segment growth can be attributed to the growing popularity of mobile and desktop games, such CS: GO, Dota 2, PUBG, and Fortnite, among the youth and the increase in the number of gaming tournaments of such popular games.
The football segment accounted for the largest revenue share of more than 31% in 2021 and is projected to exhibit the highest CAGR over the forecast period. The growth of this segment can be attributed to the popularity of this game and enormous fanbase worldwide owing to football players such Lionel Messi, Cristiano Ronaldo, Neymar, and Robert Lewandowski.
The basketball segment accounted for the second-largest revenue share in 2020. The growth of this segment can be attributed to the simplicity of the game and bets on this sport.
Europe accounted for the largest revenue share of over 36% in 2021 and is expected to retain its position over the forecast period. The regional market growth can be attributed to the safety laws and regulations for offline as well as online betting across most of the countries in the region. Furthermore, countries such as Germany and the U.K. are well-known for popular sports such as horse racing and football, along with popular football clubs such as Liverpool, Manchester United, and Chelsea F.C.
Asia Pacific accounted for the second-largest revenue share in 2021 and is anticipated to expand at the highest CAGR of 12.5% over the forecast period. Factors such as the growing number of people betting on sports events, such as cricket, hockey, football, and basketball, are driving the market in this region.
Key Players
- 888 Holdings Plc
- Bet365
- Betsson AB
- Churchill Downs Incorporated
- Entain plc
- Flutter Entertainment Plc
- IGT
- Kindred Group Plc
- Sportech Plc
- William Hill Plc
Market Segmentation
- Platform
- Offline
- Online
- Type
- Fixed Odds Wagering
- Exchange Betting
- Live/In Play Betting
- Pari-mutuel
- eSports Betting
- Others
- Sports Type
- Football
- Basketball
- Baseball
- Horse Racing
- Cricket
- Hockey
- Others
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Sports Betting Market, By Platform
7.1. Sports Betting Market, by Platform, 2021-2030
7.1.1. Offline
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Online
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Sports Betting Market, By Type
8.1. Sports Betting Market, by Type, 2021-2030
8.1.1. Fixed Odds Wagering
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Exchange Betting
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Live/In Play Betting
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Pari-mutuel
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. eSports Betting
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Sports Betting Market, By Sports Type
9.1. Sports Betting Market, by Sports Type, 2021-2030
9.1.1. Football
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Basketball
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Baseball
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Horse Racing
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Cricket
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Hockey
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Sports Betting Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Platform (2017-2030)
10.1.2. Market Revenue and Forecast, by Type (2017-2030)
10.1.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Platform (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Platform (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Platform (2017-2030)
10.2.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Platform (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Platform (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Platform (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Platform (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Platform (2017-2030)
10.3.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Platform (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Platform (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Platform (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Platform (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Platform (2017-2030)
10.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Platform (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Platform (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Platform (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Platform (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Platform (2017-2030)
10.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.5.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Platform (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Sports Type (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Platform (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Sports Type (2017-2030)
Chapter 11. Company Profiles
11.1. 888 Holdings Plc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Bet365
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Betsson AB
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Churchill Downs Incorporated
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Entain plc
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Flutter Entertainment Plc
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. IGT
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Kindred Group Plc
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Sportech Plc
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. William Hill Plc
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms
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