Market Overview:
The global online sports betting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for online sports betting, especially from millennials. In addition, the increasing legalization of sports betting in different countries is also contributing to the growth of this market. By type, soccer is expected to be the most popular sport for online sports betting, followed by American football and basketball. By application, desktop is expected to be the most popular platform for online sports betting, followed by mobile devices.
Product Definition:
Online sports betting is the process of placing bets on sporting events through a remote device, such as a computer or smartphone. Importance of online sports betting has grown in recent years as the internet has made it easier for people to place wagers on games.
Soccer:
The global soccer industry was valued at USD 6.92 billion in 2015 and is expected to witness significant growth over the forecast period owing to increasing popularity of the sport across the globe. The rising number of clubs and international matches, as well as growing awareness regarding sports betting among consumers, are anticipated to drive market growth over the next eight years.
American Football:
American football is a sport played with an oval-shaped ball by two teams of 15 players each. It is the most popular sport in the U.S and has gained popularity across the globe due to high scoring games, exciting plays, and dominant team performances. The game evolved from traditional soccer and rugby football and has been gaining momentum since its inception.
Application Insights:
The mobile application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the increasing usage of smartphones and tablets, especially in developed countries like U.S., Canada, and France. Moreover, introduction of new technologies like VR headsets will drive the demand further. For instance, bet365 launched its VR app where customers can place bets through Google Cardboard virtual reality headset which is a cheap and easy way to place bets while playing games or watching sports live from anywhere in the world.
The desktop application segment is expected to witness significant growth over the forecast period owing to increased adoption of online gambling services by individuals who prefer not using their mobile devices while placing bets as they are susceptible to theft or loss etc., Therefore companies are focusing on developing web-based applications that offer enhanced security features along with user-friendly interfaces that do not require any special knowledge about computers etc., This factor would propel market growth during future years as well.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period as well owing to factors such as high internet penetration, growing smartphone adoption, and increased focus on sports by the U.S. government and corporate bodies.
The Asia Pacific online betting market is anticipated to grow at a lucrative rate over the forecast period due to several macro-economic factors including increasing disposable income, rising popularity of online gambling activities among individuals as well as organizations, and rapid urbanization resulting in an increase in consumer spending power across this region.
Growth Factors:
- Increasing disposable income of people, especially in the developing countries is driving the growth of online sports betting market.
- Proliferation of smartphones and other connected devices is providing a convenient platform for users to bet on their favourite sports events through mobile apps and websites.
- Rise in number of fantasy sports leagues and tournaments is also fuelling the demand for online sports betting services worldwide.
- Availability of various payment options such as debit/credit cards, e-wallets, etc., is facilitating easy transactions between players and gaming operators.
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Sports Betting Market Research Report
By Type
Soccer, American Football, Basketball, Hockey, Mixed Martial Arts and Boxing, Others
By Application
Desktop, Mobile Devices
By Companies
Flutter Entertainment, GVC Holdings, Bet365, William Hill, Kindred Group, 888 Holdings, Betsson AB, DraftKings, Pinnacle, Betway, Betfred, Bet-at-home.com, BetAmerica, BetVictor, Sports Interaction, BetWinner, SBOBET
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Online Sports Betting Market Report Segments:
The global Online Sports Betting market is segmented on the basis of:
Types
Soccer, American Football, Basketball, Hockey, Mixed Martial Arts and Boxing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Desktop, Mobile Devices
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Flutter Entertainment
- GVC Holdings
- Bet365
- William Hill
- Kindred Group
- 888 Holdings
- Betsson AB
- DraftKings
- Pinnacle
- Betway
- Betfred
- Bet-at-home.com
- BetAmerica
- BetVictor
- Sports Interaction
- BetWinner
- SBOBET
Highlights of The Online Sports Betting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soccer
- American Football
- Basketball
- Hockey
- Mixed Martial Arts and Boxing
- Others
- By Application:
- Desktop
- Mobile Devices
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Online Sports Betting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Online sports betting is a form of gambling where bets are placed on sporting events through the use of online platforms. These platforms allow bettors to place wagers on a variety of sports, including football, basketball, baseball and hockey.
Some of the major companies in the online sports betting market are Flutter Entertainment, GVC Holdings, Bet365, William Hill, Kindred Group, 888 Holdings, Betsson AB, DraftKings, Pinnacle, Betway, Betfred, Bet-at-home.com, BetAmerica, BetVictor, Sports Interaction, BetWinner, SBOBET.
The online sports betting market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Online Sports Betting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Online Sports Betting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Online Sports Betting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Online Sports Betting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Online Sports Betting Market Size & Forecast, 2020-2028
4.5.1 Online Sports Betting Market Size and Y-o-Y Growth
4.5.2 Online Sports Betting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Soccer
5.2.2 American Football
5.2.3 Basketball
5.2.4 Hockey
5.2.5 Mixed Martial Arts and Boxing
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Desktop
6.2.2 Mobile Devices
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Online Sports Betting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Online Sports Betting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Soccer
9.6.2 American Football
9.6.3 Basketball
9.6.4 Hockey
9.6.5 Mixed Martial Arts and Boxing
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Desktop
9.10.2 Mobile Devices
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Soccer
10.6.2 American Football
10.6.3 Basketball
10.6.4 Hockey
10.6.5 Mixed Martial Arts and Boxing
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Desktop
10.10.2 Mobile Devices
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Soccer
11.6.2 American Football
11.6.3 Basketball
11.6.4 Hockey
11.6.5 Mixed Martial Arts and Boxing
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Desktop
11.10.2 Mobile Devices
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Soccer
12.6.2 American Football
12.6.3 Basketball
12.6.4 Hockey
12.6.5 Mixed Martial Arts and Boxing
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Desktop
12.10.2 Mobile Devices
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Soccer
13.6.2 American Football
13.6.3 Basketball
13.6.4 Hockey
13.6.5 Mixed Martial Arts and Boxing
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Desktop
13.10.2 Mobile Devices
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Online Sports Betting Market: Competitive Dashboard
14.2 Global Online Sports Betting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Flutter Entertainment
14.3.2 GVC Holdings
14.3.3 Bet365
14.3.4 William Hill
14.3.5 Kindred Group
14.3.6 888 Holdings
14.3.7 Betsson AB
14.3.8 DraftKings
14.3.9 Pinnacle
14.3.10 Betway
14.3.11 Betfred
14.3.12 Bet-at-home.com
14.3.13 BetAmerica
14.3.14 BetVictor
14.3.15 Sports Interaction
14.3.16 BetWinner
14.3.17 SBOBET
