Sports Betting Market Is Expected To Reach US$ 225.65 Billion By 2032

Sports Betting Market Analysis By Platform (Offline & Online Sports Betting) By Betting Type (Fixed Odds Wagering, Exchange, Live/In Play, Pari-mutuel & E-Sports Betting) By Sports Type and By Region – Global Market Insights 2022 to 2032

The global sports betting market size is anticipated to be valued at US$ 84.66 Billion in 2022. Due to the growing need for digitalization and penetration of connected devices, the sports betting market will witness significant growth in the forecast period.

Overall demand for Sports Betting is poised to increase at a CAGR of 10.3% between 2022 and 2032, totaling around US$ 225.65 Billion by 2032.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Sports Betting market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Sports Betting market.

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Key findings of the Sports Betting market study:

•          Regional breakdown of the Sports Betting market based on predefined taxonomy.
•          Innovative manufacturing processes implemented by Sports Betting vendors in detail.
•          Region-wise and country-wise fragmentation of the Sports Betting market to grasp the revenue, and growth outlook in these areas.
•          Changing preferences among consumers across various regions and countries.
•          Factors (Positive and Negative) impacting the growth of the global Sports Betting market.

Key Companies Profiled

• 888 Holdings Plc
• Bet365
• Betsson AB
• Churchill Downs Incorporated
• Entain plc
• Flutter Entertainment Plc
• IGT
• Kindred Group Plc
• Sportech Plc
• William Hill Plc
• Viscus Infotech Ltd
• Endeavor Group Holdings Inc.

Competitive Landscape

• Endeavor Group Holdings Inc., a US-based entertainment and sports company, acquired OpenBet from Scientific Games in September 2021 for US$1.2 billion in cash ($1 billion) and Endeavor's Class A common stock ($200 million).
• Viscus Infotech Ltd., an Indian software company, generates sports betting applications and offers algorithm-based sportsbook betting solutions.

Key Segments Covered in the Sports Betting Industry Analysis

• By Platform :
• Offline 
• Online 
• By Betting Type :
• Fixed Odds Wagering 
• Exchange 
• Live/In Play 
• Pari-mutuel 
• E-Sports Betting
• Others 
• By Sports Type :
• Football
• Basketball
• Baseball
• Horse Racing
• Cricket
• Hockey
• Other Sports
• By Region :
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Queries addressed in the Sports Betting market report:

•          Why are the Sports Betting market players targeting region for increased product sales?
•          What patented technologies are the players utilizing in the global Sports Betting market?
•          Which regions are displaying the fastest growth in the Sports Betting market?
•          What are the underlying micro- macroeconomic factors affecting the global Sports Betting market?

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