Online Sports Betting Market Research, Emerging Trends, Qualitative Outlook, Business Growth Users and Business Opportunities Top Impacting Factors Target Segmentation Demand 2027
Market
Overview:
Market Research Future
(MRFR) estimates the Online
Sports Betting Market Report size
to touch USD 59,530.7 million at a CAGR of 13.6% from 2018 to 2026 (forecast
period).
The growing popularity of
sports is driving the worldwide online sports betting industry ahead. Sport is
a critical platform for accomplishing growth objectives. Sport has the
potential to contribute significantly to social integration and economic
development in a variety of geographical, cultural, and political
circumstances. Sports, through their impact on social capital, trust, culture,
and crime, can help to increase capital accumulation, promote market
functioning, and build institutions. These unique outcomes reinforce one
another. Participating in sports also helps athletes live longer and healthier
lives, which helps to reduce obesity rates. Diabetes and hypertension are less
common in healthy people. The global eSports sector is growing, with more
people participating as competitors or spectators. It is quickly becoming one
of the most well-known spectator sports in the world. Modern sports-only
websites, similar to the introduction of traditional sports betting websites,
now provide options to bet on events and tournaments since many people will be
betting on esports.
Request
a Free Sample @ https://www.marketresearchfuture.com/sample_request/10480
Competitive Analysis:
Notable players in the
worldwide online sports betting market include 888 Holdings PLC (UK), Flutter
Entertainment PLC (UK), Bet365 Group Ltd (UK), Fortuna Entertainment Group
(Netherlands), Churchill Downs Incorporated (US), Entain PLC (UK), DraftKings
(US), Betsson AB (Sweden), Betfred Ltd (UK), Webis Holdings PLC (Isle of Man),
Kindred Group PLC (Malta), Sportech PLC (UK), BetAmerica (US), HKJC Football
Betting Limited (Hong Kong), and Megapari (Cyprus).
Segmental Overview:
The worldwide online
sports betting market has been segmented into sports type, type, and
application.
Based on sports type, the
worldwide online sports betting market has been bifurcated based on the sports
type into football, horse riding, cricket, tennis, baseball, volleyball,
basketball, hockey, boxing, golf, racing, and others.
By type, the worldwide
online sports betting market has been segmented into line-in-play, spread
betting, fixed old betting, daily fantasy, e-sports, exchange betting, and
others.
Based on application, the
worldwide online sports betting market has been divided into mobile-based and
web-based applications for online betting.
Regional Analysis:
By region, the worldwide
online sports betting market has been segmented into North America, Europe,
Asia Pacific, South America, and the Middle East & Africa.
With a volume of USD
12,146.2 million in 2019, Europe topped the online sports betting industry in
2019, and it is expected to reach USD 26,323.6 million by 2026, at a CAGR of
12.1%. Europe is the largest contributor to Mobile Online Sports Betting,
accounting for 48.6% of the industry in 2019. According to the MRFR study, the
increased sports spirit and zeal to watch sports in Europe is being driven by
new game formats and gaming modes. It has grown into a large industry for
players and businesses such as gambling and betting to place bets and have fun.
Europe has been a gambling and betting presence since the 1800s, but it has
recently evolved to the next level; with the adoption of smartphones and the
growth of technology, it is now quite convenient to operate and play on the
platforms supplied by gambling industries.
Industry News:
In February 2021, Betfred
Ltd confirmed the Rugby League "Double" for 2021, with a one-year
contract to become the Challenge Cup's title sponsor, adding to its
long-standing relationship with the Super League. The Women's Challenge Cup
will also be sponsored under the terms of the deal.
In February 2021, Kindred
Group plc stated an alliance with the Quechan Tribe of the Fort Yuma Indian
Reservation to gain market access in California and Arizona. The ten-year
agreement, which includes an extension clause at the end, permits the Group to
offer online and retail store betting, as well as iGaming. The launch in California
and Arizona is contingent on the passage of local legislation.
In March 2021, Dish
Network and DraftKings started a partnership to offer DraftKings sportsbook and
daily fantasy experiences directly to DISH customers nationwide.
In January 2021, Churchill
Downs Integrated rebranded its BetAmerica Sportsbook and iGaming platform as
'TwinSpires.'
In May 2020, Flutter
Entertainment PLC successfully purchased the stars group under its banner.
Browse
Full Report Details @ https://www.marketresearchfuture.com/reports/online-sports-betting-market-10480
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
About Market Research
Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market
Research Future (Part of Wantstats Research and Media Private Limited)
99
Hudson Street, 5Th Floor
New
York, NY 10013
United
States of America
+1
628 258 0071 (US)
+44
2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Comments
Post a Comment