Market Overview:
The global sports betting market is expected to reach a value of USD XX million by 2030, registering a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing popularity of sports and rising disposable income in emerging economies. Based on type, the global sports betting market is segmented into American football, basketball, baseball, soccer, hockey and others. Among these segments, American football is expected to hold the dominant share in terms of revenue contribution during the forecast period. This can be attributed to its growing popularity among fans across different regions. In addition, North America dominates this segment due to high viewership for NFL (National Football League) games in countries such as U.S., Canada and Mexico. Based on application, online sports betting held a dominant share in 2017 and is projected to maintain its dominance throughout the forecast period owing to technological advancements that have made it easier for fans worldwide to bet on their favorite teams through their smartphones or laptops/PCs from anywhere at any time. However; land-based sports betting is also gaining traction due its traditional appeal among bettors as well as various tax benefits offered by governments in certain countries such as U K . Regionally speaking; North America accounted for majority of revenue share followed by Europe & Asia Pacific respectively in 2017 .
Product Definition:
Sports betting is the activity of predicting sports results and placing bets on the outcome. The importance of sports betting is that it allows people to make a profit by correctly predicting the outcomes of sporting events.
American Football:
American football is a sport played with an oval-shaped ball by two teams of 11 players on a field. It is the most popular sport in the U.S and has been ranked as one of the best sports to watch in 2016 by Sports & Fitness Industry Association (SIFIA). The game was created in England and later named after its American creator, college football player Walter Camp. It was brought to America for military drills but grew into a full-fledged game.
Basketball:
Basketball is a popular sport in the U.S and has been gaining popularity across the globe over the past few years. It is played by two teams of five players each, with a spherical ball that is smaller than a football. The objective of the game is to shoot the ball through an enclosed basket mounted on a backboard at half-staff level; this requires players to perform aerial acrobatics in order to score points.
Application Insights:
Based on application, the global sports betting market is segmented into online and land-based. The online segment dominated the overall industry in terms of revenue in 2017. It is also expected to be the fastest-growing segment over the forecast period. Increasing use of smartphones has led to a significant increase in mobile sports betting transactions worldwide. Moreover, technological advancements such as introduction of advanced smartphone applications that facilitate easy bets are further boosting growth across regions.
The NBA was by far and away bettors' favorite league for placing wagers during last year's playoffs with nearly 40% of all NBA basketball bets placed through offshore booksmaker websites according to data published by Sports Insights Inc., a New York City-based research firm that tracks gambling trends across North America and Europe (via Sportradar).
Regional Analysis:
North America dominated the global sports betting market in terms of revenue share in 2016 at around 39.0%. The growth is attributed to the legalization and development of online gambling, which has been occurring at a rapid pace since 2014. Furthermore, with states like New Jersey and Delaware legalizing sports betting within their borders, it will further boost the industry growth over the forecast period.
The Asia Pacific region is expected to witness significant growth over the next eight years owing to increasing demand for gambling services across various Asian countries including China and Japan.
Growth Factors:
- Increasing legalization of sports betting across the globe
- Rising popularity of sports leagues and events, which is driving fan engagement and viewership
- Proliferation of mobile devices and apps that allow for on-the-go betting
- Growing interest in fantasy sports leagues, which encourages people to bet on real-life sporting events
- Increased marketing by gambling operators, who are looking to attract new customers
Scope Of The Report
Report Attributes
Report Details
Report Title
Sports Betting Market Research Report
By Type
American Football, Basketball, Baseball, Soccer, Hockey, Others
By Application
Online Sports Betting, Land-Based Sports Betting
By Companies
FanDuel, DraftKings, William Hill, BetMGM, BetRivers, 888 Holdings, Kindred Group, Bet365 Group, Betfred, Sports Interaction, Caliente
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Sports Betting Market Report Segments:
The global Sports Betting market is segmented on the basis of:
Types
American Football, Basketball, Baseball, Soccer, Hockey, 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
Online Sports Betting, Land-Based Sports Betting
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:
- FanDuel
- DraftKings
- William Hill
- BetMGM
- BetRivers
- 888 Holdings
- Kindred Group
- Bet365 Group
- Betfred
- Sports Interaction
- Caliente
Highlights of The 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:
- American Football
- Basketball
- Baseball
- Soccer
- Hockey
- Others
- By Application:
- Online Sports Betting
- Land-Based Sports Betting
- 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 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?
Sports betting is the wagering of money on sporting events. It can be done in person at a sports book, over the phone, or online. Sports betting is legal in most countries around the world.
Some of the major companies in the sports betting market are FanDuel, DraftKings, William Hill, BetMGM, BetRivers, 888 Holdings, Kindred Group, Bet365 Group, Betfred, Sports Interaction, Caliente.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Sports Betting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Sports Betting Market Size & Forecast, 2020-2028
4.5.1 Sports Betting Market Size and Y-o-Y Growth
4.5.2 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 American Football
5.2.2 Basketball
5.2.3 Baseball
5.2.4 Soccer
5.2.5 Hockey
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 Online Sports Betting
6.2.2 Land-Based Sports Betting
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 American Football
9.6.2 Basketball
9.6.3 Baseball
9.6.4 Soccer
9.6.5 Hockey
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 Online Sports Betting
9.10.2 Land-Based Sports Betting
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 American Football
10.6.2 Basketball
10.6.3 Baseball
10.6.4 Soccer
10.6.5 Hockey
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 Online Sports Betting
10.10.2 Land-Based Sports Betting
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 American Football
11.6.2 Basketball
11.6.3 Baseball
11.6.4 Soccer
11.6.5 Hockey
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 Online Sports Betting
11.10.2 Land-Based Sports Betting
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 American Football
12.6.2 Basketball
12.6.3 Baseball
12.6.4 Soccer
12.6.5 Hockey
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 Online Sports Betting
12.10.2 Land-Based Sports Betting
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 American Football
13.6.2 Basketball
13.6.3 Baseball
13.6.4 Soccer
13.6.5 Hockey
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 Online Sports Betting
13.10.2 Land-Based Sports Betting
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 Sports Betting Market: Competitive Dashboard
14.2 Global Sports Betting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FanDuel
14.3.2 DraftKings
14.3.3 William Hill
14.3.4 BetMGM
14.3.5 BetRivers
14.3.6 888 Holdings
14.3.7 Kindred Group
14.3.8 Bet365 Group
14.3.9 Betfred
14.3.10 Sports Interaction
14.3.11 Caliente
