Global Sports Betting Market size was valued at US$ 142.68 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.84% through 2022 to 2029, reaching nearly US$ 280.99 Bn.
Sports Betting Market : Maximize Market Research (MMR), a leading global healthcare research firm that offers statistics and information on the global and regional healthcare sector, has published a report on the Sports Betting market. The research offers crucial business insights, regional market sizes, and forecasting until 2029.
Several topics with an emphasis on markets and industries are covered in the report. Launching new products, expanding an organisation, collaborating with others, forming joint ventures, and acquisitions are a few examples of marketing techniques. Furthermore, this study's design has incorporated all of the crucial components of the market research that directly target the industry landscape. This market research analysis also identifies and investigates the significant market drivers, obstacles, and opportunities. A report on the Sports Betting Market's competitive industry and market intelligence was just published by the global healthcare business consultancy firm Maximize Market Research. An 18-year industry expert has evaluated the market from both a local and global viewpoint as part of the research, which mixes primary and secondary information.
Market Overview:
The dynamics of the Sports Betting Market can be understood better by in-depth research of statistics on current and emerging trends. In order to evaluate the significance of many factors, such as concerns presented by various agents, competitive strength, and prospective young businessmen's comprehension of a resource, the research covered Porter's five forces. In order to determine the total market size by countries and segments, the research examined each nation at the microeconomic level. Using a bottom-up approach, the size of the regional and global markets is forecasted. By conducting a micro level analysis of each country, it is feasible to determine the contribution of the unorganised market to the size of the total market. The conclusions are then confirmed through discussions with prominent local entrepreneurs. Secondary research is carried out and evaluated using both paid and free data sets. The sources for demand by category and supply by each player are real government data, commercial databases, and, in the case of listed firms, yearly reports.
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Market Segmentation:
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. Quickly growing penetration of Internet-based devices such as smartphones and tablets helps rise the contact time with end-users by engaging them with online betting activities with a lowest influence on daily activities.
Key players:
• Hong Kong Jockey Club
• Kindred Group.
• 888 Holdings
• Kindred Group
• Amaya gaming Bet-at-home.com
• BetAmerica
• Betsson
• Draft Kings
• Fan duel
• Gala coral group
• Ladbrokes
• Sportech
• TVG
• Twinspires
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Nov 24, 2022