Trade to Attain $246.14 Billion Pushed by Key Gamers Flutter Leisure, Bet365, Entain, Caesars Leisure & Kindred
DUBLIN, Nov. 25, 2022 /PRNewswire/ — The “Sports Betting Global Market Opportunities And Strategies To 2031” report has been added to ResearchAndMarkets.com’s providing.
This report describes and explains the sports activities betting market and covers 2016-2021, termed the historic interval, and 2021-2026 termed the forecast interval, together with additional forecasts for the interval 2026-2031. The report evaluates the market throughout every area and for the key economies inside every area.
The worldwide sports activities betting market reached a price of practically $58,073.11 million in 2021, having declined at a compound annual development fee (CAGR) of -7.59% since 2016. The market is anticipated to develop from $58,073.11 million in 2021 to $185,265.98 million in 2026 at a fee of 26.1%. The market is then anticipated to develop at a CAGR of 5.85% from 2026 and attain $246,146.39 million in 2031.
Development within the historic interval resulted from a rise in variety of sports activities occasions, development in millennial inhabitants, an increase in disposable revenue, and growing entry to smartphones and good computing units akin to PCs, laptops. The market was restrained by the coronavirus pandemic, excessive taxation on casinos, climate circumstances, and issues about unlawful actions in sports activities betting.
Going ahead, growing focus of digital sports activities betting, give attention to product improvements, growing adoption of 5G networks, growing in mergers and acquisitions, urbanization, and a rise in web penetration. Elements that might hinder the expansion of the sports activities betting market sooner or later embrace stringent authorities laws, restricted betting commercials exterior the USA, and cybersecurity and information privateness dangers related to sports activities betting.
Asia Pacific was the biggest area within the sports activities betting market, accounting for 37.7% of the full in 2021. It was adopted by North America, after which the opposite areas. Going ahead, the fastest-growing areas within the sports activities betting market will likely be Center East, and North America the place development will likely be at CAGRs of 32.9% and 30.6% respectively. These will likely be adopted by Japanese Europe, and Western Europe the place the markets are anticipated to develop at CAGRs of 28.9% and 27.3% respectively.
The highest alternatives within the sports activities betting market segmented by kind will come up within the fastened odd betting market section, which can achieve $35,324.9 million of worldwide annual gross sales by 2026. The highest alternatives within the sports activities betting market segmented by sports activities kind will come up within the soccer market section, which can achieve $30,988.1 million of worldwide annual gross sales by 2026. The highest alternatives within the sports activities betting market segmented by platform will come up within the on-line market section, which can achieve $99,285.5 million of worldwide annual gross sales by 2026. The highest alternatives within the sports activities betting market dimension will achieve essentially the most within the USA at $51,178.0 million.
Market-trend-based methods for the sports activities betting market embrace give attention to adoption of augmented actuality and digital actuality, give attention to offering cell betting providers, give attention to implementation of synthetic intelligence in betting platforms, give attention to growing funding, give attention to coming into into strategic partnerships, give attention to using blockchain expertise and give attention to reside streaming-integrated cell sportsbook.
Scope:
Markets Coated:
By Kind: Dwell/In-Play; Fastened Odd Betting; Trade Betting; Each day Fantasy; Unfold Betting; Pari-Mutuel; Different Sorts
By Sports activities Kind: Soccer; Basketball; Baseball; Horse Racing; Cricket; Hockey; E-Sports activities; American Soccer; Different Sports activities Sorts
By Platform: On-line; Offline
Key Subjects Coated:
1. Sports activities Betting Market Govt Abstract
2. Desk of Contents
3. Listing of Figures
4. Listing of Tables
5. Report Construction
6. Introduction and Market Traits
7. Main Market Developments
8. World Market Dimension And Development
9. Sports activities Betting Market, Regional Evaluation
10. World Sports activities Betting Market Segmentation
11. Asia-Pacific Market
12. Western Europe Market
13. Japanese Europe Market
14. North America Market
15. South America Market
16. Center East Market
17. Africa Market
18. Aggressive Panorama And Firm Profiles
19. Key Mergers and Acquisitions In The Market
20. World Sports activities Betting Market Alternatives And Methods
21. Sports activities Betting Market, Conclusions And Suggestions
22. Appendix
Firms Talked about
For extra details about this report go to https://www.researchandmarkets.com/r/8yzbfd
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