Sports betting is a type of gambling activity that involves predicting the outcome of a sports activity and placing wagers accordingly.
Scope of the Report:This report studies the Sports Betting market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Sports Betting market by product type and applications/end industries.
During 2017, the land-based sports betting segment accounted for the highest share in the global sports betting market, however the segment will lose some of its share to the online sports betting during the forecast period due to the popularity of digital betting platforms. The high growth prospects of online sports betting are mainly due to the large number of passionate viewers of games like NFL, NBL, FIFA, and Indian Premier League (IPL). The online sports betting market is quite popular in Europe owing to several football matches held in the region each year.
APAC will continue its dominance in the sports betting market during the forecast period and is likely to occupy around 45% of the overall market revenue. The major reason for this regionÕs growth is the easy government regulation and improved spending capability of the populace. The increased penetration of internet has created awareness among people about the latest online entertainment and gambling trends, especially in sports. Macau and Hong Kong are the major revenue generating countries in APAC.
The global Sports Betting market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Sports Betting.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers William Hill
GVC Holdings
888 Holdings
Kindred Group
Paddy Power Betfair
Amaya gaming
Bet365 Group
Bet-at-home.com
BetAmerica
Betfred
Betsson
Draft Kings
Fan duel
Gala coral group
Ladbrokes
Sportech
TVG
Twinspires
Watch and Wager
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Land-Based Sports Betting
Online Sports Betting
Market Segment by Applications, can be divided into Association Football (Soccer)
American Football
Basketball
Hockey
Mixed Martial Arts
Boxing
Other
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
