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Sports Betting Market size was USD 92.0 billion in 2023 and is expected to reach USD 221.4 billion by 2032 and grow at a CAGR of 10.2% over the forecast period 2024-2032.
The sports betting market is witnessing phenomenal growth, owing to the increasing pace of legalization and regularisation of betting activities in most of the regions. As per the government’s latest statistics, the sports betting industry witnessed a significant commercial boost in 2023. With many governments continuing to derive substantial revenue, the information report shows that the government’s tax collection from these activities recorded an increase of 30% for the first time.
The legalization of sports betting in over 30 states was the most important driver of this increase in tax revenue. Most European countries such as the UK and Italy have also experienced an increase in sports betting revenue, contributing to the overall growth and success of the developed countries. The government is in the final stages of implementing regulatory measures to offer consumers more advantages of betting in the open and the ending of illegal betting. These laws not only generate enormous amounts of money for the government, but they also ensure more consumers put their trust in the activity.
Market Dynamics
Drivers
The increasing legalization of sports betting in various regions, particularly in the United States and Europe, is driving market growth.
The development of mobile apps and online platforms has made sports betting more accessible, contributing to market expansion.
Growing interest in sports globally, including major events like the FIFA World Cup, Super Bowl, and the Olympics, fuels betting activities.
Widespread internet access allows more people to participate in online sports betting, enhancing market reach.
Secure and convenient payment methods, including digital wallets and cryptocurrencies, have simplified the betting process, encouraging participation.
The legalization and regulation of sports betting is one of the most important factors contributing to the growth of the market. Decisive steps toward the legalization of sports betting, particularly in the United States, have opened up new opportunities both for earning profits and for growing the market. After the U.S. Supreme Court decided to overturn the Professional and Amateur Sports Protection Act more than 30 states have already legalized sports betting and others are considering it. This regulation has allowed the states to earn significant amounts of tax revenues. For instance, New Jersey and Pennsylvania have become major sports betting regions. The United Kingdom remains highly regulated, and it is currently the leader in terms of the well-established system. At the same time, such countries as Germany and the Netherlands have updated their gambling laws to regulate the industry, and include sports betting in these laws. The trend of legalization will continue to develop, constituting one of the most powerful growth drivers for the sports betting market. At the same time, it will allow the governments to earn revenue and regulate the market.
Restraints
In many countries, sports betting is still illegal or heavily regulated, limiting market potential.
Concerns about gambling addiction and its social impact can lead to stricter regulations and reduced consumer participation.
Issues related to fraud, match-fixing, and the integrity of sports can negatively affect the reputation and growth of the market.
One of the major restrain to the growth of the sports betting market is legal restrictions. In many regions, sports betting is either illegal or faces stringent regulations that limit its growth. Governments impose these restrictions due to concerns about the potential for gambling addiction, the social consequences of betting, and the integrity of sports. The illegal status of sports betting in certain jurisdictions forces operators to operate in the shadow economy, which can lead to a lack of consumer protections, increased risk of fraud, and lower trust among potential users. Even in regions where sports betting is legal, the regulatory environment can be complex and burdensome, requiring operators to navigate a maze of laws, obtain various licenses, and comply with strict operational guidelines. This not only limits the entry of new players into the market but also increases operational costs and challenges for existing businesses, ultimately restricting market growth.
By Type
In 2023, the online platform was the leading segment in the sports betting market covering approximately 65% of the market share. The adoption of the online betting platform is justified by the high levels of convenience and access it provides, as well as the higher ownership of smartphones and high-speed internet. The government statistics reveal this trend in the UK where 20% of the bets were placed offline with 80% on the online platform. The government’s intent to focus on regulating online betting platforms has also increased the trust levels among consumers resulting in high rates of operations. The contribution of the offline betting process, although relevant to the market, has reduced in the market shares due to the gradual shift towards online platforms by more consumers.
By Sports Type
Football was the leading sports type in the sports betting market in 2023 contributing to about more than 25% of the market share. Football is, by nature, the most popular sport across the world, with a wide viewership by the fans. There is higher league play coverage with more in-depth statistical analysis in this particular sport. For instance, the government statistics on the UK, Italy, and Brazil suggest that football was a substantial contributor to sports betting due to the high viewer attention and interest in the respective countries. The UK government gambling commission reported a 60% contribution to the market of sports betting in 2023 from football. In addition, the availability of different bet types such as outcomes of the game, players’ and incidences in the game, such as penalties, and other in-play betting have been a significant attraction in football betting. The regulated governance by the governments to implement fair play regulations in football has also increased the trust of consumers in the market.
By Betting Type
Fixed odds wagering was the dominant betting type in the sports betting market in 2023 with an allocation of 27% of the market share. The fixed odds betting types have always attracted more consumers to the government’s statistics from across governments. This betting type has always been considered the simplest, easiest, and most understandable by consumers. For instance, the UK government gambling commission reported that 70% of the sports bets in the UK in 2023 were placed on fixed-wage betting types. Furthermore, this betting type is more available across both online and offline platforms than the other betting types. The governments have regulated the fixed betting types, including the responsible gambling aspects which have increased the trust of stakeholders in the industry.
Regional Analysis
As of 2023, Europe was the leading region in the global sports betting market and held a market share of approximately 37%. The dominance of this region results from the region's long-standing tradition of sports betting, well-established regulatory frameworks, and the presence of major sports leagues and events that attract bettors. Europe’s regulatory framework is also highly developed, given the stringent gambling legislation adopted by most of the region’s territories. Besides, most of the largest sports leagues are in Europe, resulting in a higher proportion of people willing to engage in sports betting. According to the UK Gambling Commission, sports betting will generate significant revenue in the UK, which includes not only football but horse racing and other sports. There is a certain optimism surrounding the European market resulting from the extremely stable regulatory and social environment it possesses.
The high degree of transparency and fairness promised by the government regulation of sports betting has been a crucially important factor in the great success of this market. The accumulated experience of all governmental bodies in the market ensures that fraud is minimal and licenses granted are of high quality. This also has a positive impact on consumer habits, as they trust the system and engage in betting on sports. The dominance of the European market is further promoted by the high levels of internet penetration and the use of a variety of sports betting websites. In combination, these two factors lead to Europe being the largest market in the world for sports betting. The region sports the most developed betting infrastructure in the world, largely due to the support of the government.
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The major key players are Bet 365 Group Ltd., GVC Holding plc., The Stars Group, Paddy Power Betfair plc.,William Hill plc., Fortuna Entertainment Group, Betfred Ltd., mybet Holding, Hong Kong, Jockey Club, Kindred Group, and other players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 92.0 Billion |
| Market Size by 2032 | US$ 221.4 Billion |
| CAGR | CAGR 10.2% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Platform (Offline and Online) • By Betting Type (Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting, and Others) • By Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Bet 365 Group Ltd., GVC Holding plc., The Stars Group, Paddy Power Betfair plc.,William Hill plc., Fortuna Entertainment Group, Betfred Ltd., mybet Holding, Hong Kong, Jockey Club, Kindred Group. |
| Key Drivers | • The increasing legalization of sports betting in various regions, particularly in the United States and Europe, is driving market growth. • The development of mobile apps and online platforms has made sports betting more accessible, contributing to market expansion. |
| Market Restraints | • Concerns about gambling addiction and its social impact can lead to stricter regulations and reduced consumer participation. • Issues related to fraud, match-fixing, and the integrity of sports can negatively affect the reputation and growth of the market. |
Ans: - Sports Betting Market size was USD 92.0 billion in 2023 and is expected to reach USD 221.4 billion by 2032 and grow at a CAGR of 10.2% over the forecast period 2024-2032.
Ans: - The game will be subject to strict controls and concerns about data privacy and security.
Ans: - Europe was the leading region in the global sports betting market and held a market share of approximately 37% in 2023
Ans: - The primary growth tactics of Sports Betting market participants include merger and acquisition, business expansion, and product launch.
Ans: - The study includes a comprehensive analysis of Digital Printing Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, by Region
5.3 Cybersecurity Incidents, by Region (2020-2023)
5.4 Cloud Services Usage, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Sports Betting Market Segmentation, by Platform
7.1 Chapter Overview
7.2 Offline
7.2.1 Offline Market Trends Analysis (2020-2032)
7.2.2 Offline Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.3 Online
7.2.3.1 Online Market Trends Analysis (2020-2032)
7.2.3.2 Online Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Sports Betting Market Segmentation, by Betting Type
8.1 Chapter Overview
8.2 Fixed Odds Wagering
8.2.1 Fixed Odds Wagering Trends Analysis (2020-2032)
8.2.2 Fixed Odds Wagering Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Exchange Betting
8.3.1 Exchange Betting Market Trends Analysis (2020-2032)
8.3.2 Exchange Betting Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Live/In-Play Betting
8.4.1 Live/In-Play Betting Market Trends Analysis (2020-2032)
8.4.2 Live/In-Play Betting Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 ESports Betting
8.5.1 ESports Betting Market Trends Analysis (2020-2032)
8.5.2 ESports Betting Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Others
8.6.1 Others Market Trends Analysis (2020-2032)
8.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Sports Betting Market Segmentation, by Sports Type
9.1 Chapter Overview
9.2 Football
9.2.1 Football Market Trends Analysis (2020-2032)
9.2.2 Football Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Basketball
9.3.1 Basketball Market Trends Analysis (2020-2032)
9.3.2 Basketball Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Baseball
9.4.1 Baseball Market Trends Analysis (2020-2032)
9.4.2 Baseball Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Horse Racing
9.5.1 Horse Racing Market Trends Analysis (2020-2032)
9.5.2 Horse Racing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Cricket
9.6.1 Cricket Market Trends Analysis (2020-2032)
9.6.2 Cricket Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Hockey
9.7.1 Hockey Market Trends Analysis (2020-2032)
9.7.2 Hockey Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Others
9.8.1 Others Market Trends Analysis (2020-2032)
9.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.2.4 North America Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.2.5 North America Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.2.6.2 USA Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.2.6.3 USA Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.2.7.2 Canada Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.2.7.3 Canada Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.2.8.2 Mexico Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.1.6.2 Poland Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.1.7.2 Romania Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.4 Western Europe Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.6.2 Germany Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.7.2 France Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.7.3 France Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.8.2 UK Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.9.2 Italy Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.10.2 Spain Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.13.2 Austria Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.4 Asia Pacific Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.5 Asia Pacific Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.6.2 China Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.6.3 China Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.7.2 India Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.7.3 India Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.8.2 Japan Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.8.3 Japan Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.9.2 South Korea Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.10.2 Vietnam Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.11.2 Singapore Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.12.2 Australia Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.12.3 Australia Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.1.4 Middle East Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.1.6.2 UAE Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.2.4 Africa Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.2.5 Africa Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Sports Betting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.6.4 Latin America Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.6.5 Latin America Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.6.6.2 Brazil Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.6.7.2 Argentina Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.6.8.2 Colombia Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Sports Betting Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Sports Betting Market Estimates and Forecasts, by Betting Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Sports Betting Market Estimates and Forecasts, by Sports Type (2020-2032) (USD Billion)
11. Company Profiles
11.1 Bet 365 Group Ltd.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.2 GVC Holding plc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products / Services Offered
11.2.4 SWOT Analysis
11.3 The Stars Group
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products / Services Offered
11.3.4 SWOT Analysis
11.4 Paddy Power Betfair plc.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products / Services Offered
11.4.4 SWOT Analysis
11.5 William Hill plc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products / Services Offered
11.5.4 SWOT Analysis
11.6 Fortuna Entertainment Group
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products / Services Offered
11.6.4 SWOT Analysis
11.7 Betfred Ltd.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products / Services Offered
11.7.4 SWOT Analysis
11.8 mybet Holding
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products / Services Offered
11.8.4 SWOT Analysis
11.9 Hong Kong
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products / Services Offered
11.9.4 SWOT Analysis
11.10 Jockey Club
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products / Services Offered
11.10.4 SWOT Analysis
12. Use Case and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Platform
Offline
Online
By Betting Type
Fixed Odds Wagering
Exchange Betting
Live/In-Play Betting
eSports Betting
Others
By Sports Type
Football
Basketball
Baseball
Horse Racing
Cricket
Hockey
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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