06-Sep-2021 | Zion Market Research
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, 2021—2028’’. According to the report, the global sports betting market size gathered revenue of about US$ 131.1 billion during 2020 and is slated to earn revenue of approximately US$ 179.3 billion by 2028. The sports betting market is projected to register the highest gains of approximately CAGR 8.83% during 2021-2028.
Sports betting is a gambling activity that involves predicting the outcome of any sports activity and placing the wagers accordingly. Various sports, such as horse racing, cricket, poker, and many others, fall under this category. This market offers tremendous growth potential for both the sportspersons and the bettors.
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, 2021—2028” Report at https://www.zionmarketresearch.com/report/sports-betting-market
With the 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 sector 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. 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.
Based on 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.
This report segments the global sports betting market into:
Sports Betting Market: Platform Analysis
Sports Betting Market: Type Analysis
Sports Betting Market: Sports Type Analysis
Sports Betting Market: Regional Analysis
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