Industry Background:
Sports betting is the type of activity that includes predicting sports results as well as placing a wager on the outcome. With the fast growing preference for digital platforms as well as the growing Internet penetration, consumers experience easy access to online sports betting platforms. Additionally, the digital revolution in the sports industry is key factor responsible for the growth of the sports betting market. Digital platforms permit customers to place bets from any remote location around the world. The regularity of sports bet upon varies by culture, with the popularity of bets being placed on association football, basketball, American football, baseball, track cycling, hockey, auto racing, as well as mixed martial arts around the world.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | William Hill (United Kingdom), 888 Holdings (Spain), Bet-at-home.com (Germany), Bwin.Party (United Kingdom), Ladbrokes (United Kingdom), Microgaming (United Kingdom), Paddy Power Betfair (Republic of Ireland), GVC Holdings PLC (The Isle of Man), Kindred Group (Malta) and Bet365 Group Ltd (United Kingdom) |
According to AMA, the market for Sports Betting is expected to register a CAGR of 8.46% during the forecast period to 2027. This growth is primarily driven by Increasing Usage of Betting Tools, Extensive usage of digital processes and Legalization of Sports Betting.
Globally, a noticeable market trend is evident Increasing popularity of virtual sports betting The Casinos & Gaming sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as William Hill (United Kingdom), 888 Holdings (Spain), Bet-at-home.com (Germany), Bwin.Party (United Kingdom), Ladbrokes (United Kingdom), Microgaming (United Kingdom), Paddy Power Betfair (Republic of Ireland), GVC Holdings PLC (The Isle of Man), Kindred Group (Malta) and Bet365 Group Ltd (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
In 2018, after New Jersey's Supreme Court victory, any state that wishes can legalize sports betting In United States. This is likely to impact the growth of the global sports betting market over the coming years.
Sports Betting Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Usage of Betting Tools
- Extensive usage of digital processes
- Legalization of Sports Betting
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Influencing Trends | - Increasing popularity of virtual sports betting
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Restraints | - Ban on Sports Betting in Some of the Countries Around the Globe
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Gaps & Opportunities | - Increasing per capita disposable income among people in emerging markets
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Sports Betting Market
- Analysis about New Entrants in Sports Betting Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Sports Betting Study Sheds Light on
The Sports Betting Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sports Betting industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sports Betting industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.