Global Sports Betting Market 2023-2027

Global Sports Betting Market 2023-2027

Technavio has been monitoring the sports betting market and is forecast to grow by USD 139.26 bn during 2022-2027, accelerating at a CAGR of 10.09% during the forecast period. Our report on the sports betting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the digital revolution, increasing commercialization of sports events, and legalization of sports betting.

Technavio's sports betting market is segmented as below:

By PlatformOnlineOfflineBy TypeBasketballHorse ridingFootballOthersBy Geographical LandscapeAPACEuropeNorth AmericaSouth AmericaMiddle East and AfricaThis study identifies the emergence of machine learning in sports betting as one of the prime reasons driving the sports betting market growth during the next few years. Also, increasing popularity of e-sports tournaments and rising consolidation in sports betting market will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the sports betting market covers the following areas:Sports betting market sizingSports betting market forecastSports betting market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sports betting market vendors that include 888 Holdings Plc, Bet365 Group Ltd., BetOnline, Betsson AB, Bettilt, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, LeoVegas AB, Parimatch, Penn Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc. Also, the sports betting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.