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Sports Betting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global sports betting market is expected to exhibit a CAGR of 10.47% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Sports betting refers to a gambling activity that involves predicting sports outcomes and then placing a wager on the results. Bets on games allow fans to demonstrate their expertise or loyalty to a particular team or competitor. The occurrence of sports wagering differs by culture, with the several mainstreams of bets being placed on associations including football, hockey, track cycling, auto racing, basketball, baseball, boxing, etc. Bettors who have in-depth knowledge about the athletes and teams are more likely to make consistent profits from sports betting.

Sports Betting Market Trends:

The escalating number of sports leagues and annual sports events, such as IPL, FIFA, NFL, etc., is primarily driving the global sports betting market. Additionally, the growing usage of smartphones along with the rising popularity of user-friendly betting apps is also propelling the market growth. Apart from this, the emerging trend of digitalization in the sports sector and increasing adoption of wireless connectivity are acting as significant growth-inducing factors. Moreover, with the growing prominence of Bitcoin, Dogecoin, Ripple, and Litecoin in the sports betting landscape, bettors are getting inclined towards these virtual currencies for ease of transaction. In addition to this, the launch of favorable initiatives by government authorities for legalizing sports betting activities is further stimulating the market growth. For instance, with the introduction of the Professional and Amateur Sports Protection Act (PASPA), sports betting was allowed across eight states in the United States. Moreover, the rising integration of blockchain technology with sports betting applications for automation of real-time data by utilizing smart contracts that help in payment, bet confirmations, past event analytics, etc., is positively influencing the global market. In the coming years, the introduction of innovative machine learning (ML) algorithms that seek to anticipate the outcomes of games and races is expected to drive the global sports betting market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sports betting market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on platform, betting type and sports type.

Breakup by Platform:

  • Offline
  • Online
     

Breakup by Betting Type:

  • Fixed Odds Wagering
  • Exchange Betting
  • Live/In Play Betting
  • Pari-Mutuel
  • eSports Betting
  • Others
     

Breakup by Sports Type:

  • Football
  • Basketball
  • Baseball
  • Horse Racing
  • Cricket
  • Hockey
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 888 Holdings PLC, Bet365 Group Ltd., Bet-at-home.com AG (BetClic Everest Group S.A.S.), Betfred, Betsson, DraftKings Inc., Entain plc, Flutter Entertainment plc, International Game Technology PLC, Kindred Group plc, Sportech PLC and TwinSpires (Churchill Downs Incorporated).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Platform, Betting Type, Sports Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 888 Holdings PLC, Bet365 Group Ltd., Bet-at-home.com AG (BetClic Everest Group S.A.S.), Betfred, Betsson, DraftKings Inc., Entain plc, Flutter Entertainment plc, International Game Technology PLC, Kindred Group plc, Sportech PLC and TwinSpires (Churchill Downs Incorporated).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global sports betting market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global sports betting market?
  • What are the key regional markets?
  • What is the breakup of the market based on the platform?
  • What is the breakup of the market based on the betting type?
  • What is the breakup of the market based on the sports type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global sports betting market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Sports Betting Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Platform
    6.1    Offline
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Online
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Betting Type
    7.1    Fixed Odds Wagering
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Exchange Betting
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Live/In Play Betting
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Pari-Mutuel
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    eSports Betting
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Sports Type
    8.1    Football
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Basketball
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Baseball
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Horse Racing
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Cricket
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Hockey
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    888 Holdings PLC
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Bet365 Group Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Bet-at-home.com AG (BetClic Everest Group S.A.S.)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Betfred
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Betsson
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    DraftKings Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Entain plc
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Flutter Entertainment plc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    International Game Technology PLC
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Kindred Group plc
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Sportech PLC
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
        14.3.12    TwinSpires (Churchill Downs Incorporated)
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Sports Betting Market: Major Drivers and Challenges
Figure 2: Global: Sports Betting Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Sports Betting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Sports Betting Market: Breakup by Platform (in %), 2021
Figure 5: Global: Sports Betting Market: Breakup by Betting Type (in %), 2021
Figure 6: Global: Sports Betting Market: Breakup by Sports Type (in %), 2021
Figure 7: Global: Sports Betting Market: Breakup by Region (in %), 2021
Figure 8: Global: Sports Betting (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Sports Betting (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Sports Betting (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Sports Betting (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Sports Betting (Fixed Odds Wagering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Sports Betting (Fixed Odds Wagering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Sports Betting (Exchange Betting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Sports Betting (Exchange Betting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Sports Betting (Live/In Play Betting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Sports Betting (Live/In Play Betting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Sports Betting (Pari-Mutuel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Sports Betting (Pari-Mutuel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Sports Betting (eSports Betting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Sports Betting (eSports Betting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Sports Betting (Other Betting Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Sports Betting (Other Betting Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Sports Betting (Football) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Sports Betting (Football) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Sports Betting (Basketball) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Sports Betting (Basketball) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Sports Betting (Baseball) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Sports Betting (Baseball) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Sports Betting (Horse Racing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Sports Betting (Horse Racing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Sports Betting (Cricket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Sports Betting (Cricket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Sports Betting (Hockey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Sports Betting (Hockey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Sports Betting (Other Sports Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Sports Betting (Other Sports Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Sports Betting Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Sports Betting Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Sports Betting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Sports Betting Industry: SWOT Analysis
Figure 88: Global: Sports Betting Industry: Value Chain Analysis
Figure 89: Global: Sports Betting Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Sports Betting Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Sports Betting Market Forecast: Breakup by Platform (in Million US$), 2022-2027
Table 3: Global: Sports Betting Market Forecast: Breakup by Betting Type (in Million US$), 2022-2027
Table 4: Global: Sports Betting Market Forecast: Breakup by Sports Type (in Million US$), 2022-2027
Table 5: Global: Sports Betting Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Sports Betting Market: Competitive Structure
Table 7: Global: Sports Betting Market: Key Players


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