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Global Sports Betting Market Size, Share & Trends Analysis by Platform, by Type, by Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 131 Pages
  • June 2022
  • Region: Global
  • Grand View Research
  • ID: 5450206
The global sports betting market size is estimated to reach USD 182.12 billion by 2030, registering a CAGR of 10.2% from 2022 to 2030. The primary element driving the rise of the sports betting sector is the developing internet infrastructure worldwide. The industry is growing owing to a rise in the amount of sports events and leagues around the world and a surge in demand for sports betting among the elderly and millennials. Other factors affecting the market growth are an increase in disposable income and the need for financial stability among the people.



Esports, electronic sports, is a type of video game competition that frequently takes the form of organized, multiplayer video game events amongst individual, professional players, or teams. Betting in the E-sports segment has gained popularity during the pandemic and is expected to maintain stable growth in coming years due to the rising emergence of video gamers. Some of the most popular competitive video games are Counter-Strike, Dota 2, Call of Duty, and League of Legends, around which multiple tournaments are hosted worldwide.

The internet has positively impacted the market significantly since the introduction of live bets in 2002. However, in the absence of a digital presence, technology's impact on betting is negligible. Major players in the sports betting industry operate via online platforms and official websites. Additionally, sports betting is a highly regulated industry worldwide. For instance, online betting in all sports except horse racing is illegal in most parts of India according to the Public Gambling Act of 1867 and the Technology Act of 2000.

The COVID-19 pandemic has augmented the market for sports betting. The pandemic impacted the lives and occupations of multiple households globally. Earning members lost their jobs, and many faced decrements in income. As a result, the indulgence in betting for a considerable amount of the population increased and the industry saw a surge in participants. According to a study conducted by Public Health England, online casino gambling increased by almost 9.0% during the pandemic.

Sports Betting Market Report Highlights

  • The North America region is anticipated to witness a CAGR of around 11% during the forecast period of 2022 to 2030. The U.S. has legalized sports betting in 29 states as of October 2021, which is a promoting factor for the market growth.
  • Fixed-odds wagering sub-segment accounts for most of the market share of the market. However, eSports betting is expected to witness the highest CAGR in the coming years due to the spurt in demand for interactive games.
  • Horseracing is extremely popular and accounts for the second-highest market share. However, the football game is expected to gain attention and show the highest CAGR during the forecast period.


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Frequently Asked Questions about the Global Sports Betting Market

What is the estimated value of the Global Sports Betting Market?

The Global Sports Betting Market was estimated to be valued at $83.65 Billion in 2022.

What is the growth rate of the Global Sports Betting Market?

The growth rate of the Global Sports Betting Market is 10.2%, with an estimated value of $182.12 Billion by 2030.

What is the forecasted size of the Global Sports Betting Market?

The Global Sports Betting Market is estimated to be worth $182.12 Billion by 2030.

Who are the key companies in the Global Sports Betting Market?

Key companies in the Global Sports Betting Market include 888 Holdings Plc, bet365, Betsson AB, Churchill Downs Incorporated, Entain plc, Flutter Entertainment Plc, IGT, Kindred Group Plc and William Hill Plc.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.2 Market Size and Growth Prospects
3.3 Penetration & Growth Prospect Mapping
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing digital infrastructure and penetration of connected devices
3.4.1.2 Increase in number of sports events and leagues
3.4.2 Market restraint/challenges analysis
3.4.2.1 Stringent government regulations
3.4.3 Market opportunity analysis
3.4.3.1 Application of AI and blockchain technology
3.5 Sports Betting Scenario-Trend Analysis
3.5.1 Overview
3.5.2 Key Companies in Sports betting
3.5.3 Betting Streaming
3.5.4 Bet to Watch
3.5.5 Bet in Play
3.6 Porter’s Five Forces Analysis
3.7 PEST Analysis
3.8 COVID-19 Impact on Sports Betting Market
3.9 Legal Regulations
3.9.1 North America
3.9.1.1 U.S.
3.9.1.2 Canada
3.9.2 Europe
3.9.2.1 U.K.
3.9.2.2 Germany
3.9.2.3 France
3.9.2.4 Italy
3.9.2.5 Rest of Europe
3.9.3 Latin America
3.9.3.1 Brazil
3.9.3.2 Mexico
3.9.3.3 Rest of Latin America
3.9.4 Asia Pacific
3.9.4.1 China
3.9.4.2 India
3.9.4.3 Japan
3.9.4.4 South Korea
3.9.4.5 Philippines
3.9.4.6 Australia
3.9.5 MEA
3.9.5.1 South Africa
3.9.5.2 Middle Eastern Countries
3.10 Sports Betting Users Interest
3.10.1 North America
3.10.1.1 U.S.
3.10.1.2 Canada
3.10.2 Europe
3.10.2.1 U.K.
3.10.2.2 Germany
3.10.2.3 France
3.10.2.4 Italy
3.10.3 Asia Pacific
3.10.3.1 China
3.10.3.2 India
3.10.3.3 Japan
3.10.3.4 South Korea
3.10.3.5 Australia
3.10.3.6 Philippines
3.10.4 Latin America
3.10.4.1 Mexico
3.10.5 MEA
3.10.5.1 Middle East
3.10.5.2 Africa
3.11 Geographic Presence Chart for APAC countries
3.12 Government Based/Approved Betting Operators
Chapter 4 Sports Betting Market: Platform Estimates & Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Billion)
4.2 Platform Movement Analysis & Market Share, 2021 & 2030
4.3 Offline
4.3.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
4.4 Online
4.4.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
Chapter 5 Sports Betting Market: Type Estimates & Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Billion)
5.2 Type Movement Analysis & Market Share, 2021 & 2030
5.3 Fixed Odds Wagering
5.3.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
5.4 Exchange Betting
5.4.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
5.5 Live/In Play Betting
5.5.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
5.6 eSports Betting
5.6.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
5.7 Others
5.7.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
Chapter 6 Sports Type Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Billion)
6.2 Sports Type Movement Analysis & Market Share, 2021 & 2030
6.3 Football
6.3.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
6.4 Basketball
6.4.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
6.5 Baseball
6.5.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
6.6 Horse Racing
6.6.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
6.7 Cricket
6.7.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
6.8 Hockey
6.8.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
6.9 Others
6.9.1 Market size estimates and forecasts by region, 2018-2030 (USD Billion)
Chapter 7 Regional Estimates & Trend Analysis
7.1 Sports Betting Market by Region, 2021 & 2030
7.2 Regional Movement Analysis & Market Share, 2021 & 2030
7.3 North America
7.3.1 North America sports betting market, by platform, 2018-2030 (USD Billion)
7.3.2 North America sports betting market, by betting type, 2018-2030 (USD Billion)
7.3.3 North America sports betting market, by sports type, 2018-2030 (USD Billion)
7.3.4 U.S.
7.3.4.1 U.S. sports betting market, by platform, 2018-2030 (USD Billion)
7.3.4.2 U.S. sports betting market, by betting type, 2018-2030 (USD Billion)
7.3.4.3 U.S. sports betting market, by sports type, 2018-2030 (USD Billion)
7.3.5 Canada
7.3.5.1 Canada sports betting market, by platform, 2018-2030 (USD Billion)
7.3.5.2 Canada sports betting market, by betting type, 2018-2030 (USD Billion)
7.3.5.3 Canada sports betting market, by sports type, 2018-2030 (USD Billion)
7.4 Europe
7.4.1 Europe sports betting market, by platform, 2018-2030 (USD Billion)
7.4.2 Europe sports betting market, by betting type, 2018-2030 (USD Billion)
7.4.3 Europe sports betting market, by sports type, 2018-2030 (USD Billion)
7.4.4 U.K
7.4.4.1 U.K. sports betting market, by platform, 2018-2030 (USD Billion)
7.4.4.2 U.K. sports betting market, by betting type, 2018-2030 (USD Billion)
7.4.4.3 U.K. sports betting market, by sports type, 2018-2030 (USD Billion)
7.4.5 Germany
7.4.5.1 Germany sports betting market, by platform, 2018-2030 (USD Billion)
7.4.5.2 Germany sports betting market, by betting type, 2018-2030 (USD Billion)
7.4.5.3 Germany sports betting market, by sports type, 2018-2030 (USD Billion)
7.4.6 France
7.4.6.1 France sports betting market, by platform, 2018-2030 (USD Billion)
7.4.6.2 France sports betting market, by betting type, 2018-2030 (USD Billion)
7.4.6.3 France sports betting market, by sports type, 2018-2030 (USD Billion)
7.4.7 Italy
7.4.7.1 Italy sports betting market, by platform, 2018-2030 (USD Billion)
7.4.7.2 Italy sports betting market, by betting type, 2018-2030 (USD Billion)
7.4.7.3 Italy sports betting market, by sports type, 2018-2030 (USD Billion)
7.5 Asia Pacific
7.5.1 Asia Pacific sports betting market, by platform, 2018-2030 (USD Billion)
7.5.2 Asia Pacific sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.3 Asia Pacific sports betting market, by sports type, 2018-2030 (USD Billion)
7.5.4 China
7.5.4.1 China sports betting market, by platform, 2018-2030 (USD Billion)
7.5.4.2 China sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.4.3 China sports betting market, by sports type, 2018-2030 (USD Billion)
7.5.5 India
7.5.5.1 India sports betting market, by platform, 2018-2030 (USD Billion)
7.5.5.2 India sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.5.3 India sports betting market, by sports type, 2018-2030 (USD Billion)
7.5.6 Japan
7.5.6.1 Japan sports betting market, by platform, 2018-2030 (USD Billion)
7.5.6.2 Japan sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.6.3 Japan sports betting market, by sports type, 2018-2030 (USD Billion)
7.5.7 South Korea
7.5.7.1 South Korea sports betting market, by platform, 2018-2030 (USD Billion)
7.5.7.2 South Korea sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.7.3 South Korea sports betting market, by sports type, 2018-2030 (USD Billion)
7.5.8 Australia
7.5.8.1 Australia sports betting market, by platform, 2018-2030 (USD Billion)
7.5.8.2 Australia sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.8.3 Australia sports betting market, by sports type, 2018-2030 (USD Billion)
7.5.9 Philippines
7.5.9.1 Philippine sports betting market, by platform, 2018-2030 (USD Billion)
7.5.9.2 Philippine sports betting market, by betting type, 2018-2030 (USD Billion)
7.5.9.3 Philippine sports betting market, by sports type, 2018-2030 (USD Billion)
7.6 Latin America
7.6.1 Latin America sports betting market, by platform, 2018-2030 (USD Billion)
7.6.2 Latin America sports betting market, by betting type, 2018-2030 (USD Billion)
7.6.3 Latin America sports betting market, by sports type, 2018-2030 (USD Billion)
7.6.4 Brazil
7.6.4.1 Brazil sports betting market, by platform, 2018-2030 (USD Billion)
7.6.4.2 Brazil sports betting market, by betting type, 2018-2030 (USD Billion)
7.6.4.3 Brazil sports betting market, by sports type, 2018-2030 (USD Billion)
7.6.5 Mexico
7.6.5.1 Mexico sports betting market, by platform, 2018-2030 (USD Billion)
7.6.5.2 Mexico sports betting market, by betting type, 2018-2030 (USD Billion)
7.6.5.3 Mexico sports betting market, by sports type, 2018-2030 (USD Billion)
7.7 Middle East & Africa (MEA)
7.7.2 Middle East & Africa (MEA) sports betting market, by platform, 2018-2030 (USD Billion)
7.7.3 Middle East & Africa (MEA) sports betting market, by betting type, 2018-2030 (USD Billion)
7.7.4 Middle East & Africa (MEA) sports betting market, by sports type, 2018-2030 (USD Billion)
7.8 Country-Wise Ranking Analysis
7.8.1 North America
7.8.1.1 U.S.
7.8.1.2 Canada
7.8.2 Europe
7.8.2.1 U.K.
7.8.2.2 Germany
7.8.2.3 France
7.8.2.4 Italy
7.8.3 Asia Pacific
7.8.3.1 China
7.8.3.2 India
7.8.3.3 Japan
7.8.3.4 Australia
7.8.3.5 South Korea
7.8.3.6 Philippines
7.8.4 Latin America
7.8.4.1 Brazil
7.8.4.2 Mexico
Chapter 8 Competitive Analysis
8.1 Key Competitor Ranking Analysis, 2021
8.2 Recent Developments & Impact Analysis, by Key Market Participants
Chapter 9 Competitive Landscape
9.1 888 Holdings Plc
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Recent developments
9.2 bet365
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Recent developments
9.3 Betsson AB
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Recent developments
9.4 Churchill Downs Incorporated
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Product benchmarking
9.4.4 Recent developments
9.5 Entain plc
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Recent developments
9.6 Flutter Entertainment Plc
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Recent developments
9.7 IGT
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.7.4 Recent developments
9.8 Kindred Group Plc
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.8.4 Recent developments
9.9 Sportech Plc
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Product benchmarking
9.9.4 Recent developments
9.10 William Hill Plc
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Product benchmarking
9.10.4 Recent developments
List of Tables
Table 1 Sports betting market size estimates & forecasts, 2018-2030 (USD Billion)
Table 2 Sports betting market, by region, 2018-2030 (USD Billion)
Table 3 Sports betting market, by platform, 2018-2030 (USD Billion)
Table 4 Sports betting market, by betting type, 2018-2030 (USD Billion)
Table 5 Sports betting market, by sports type, 2018-2030 (USD Billion)
Table 6 Key market driver impact
Table 7 Key market restraint/challenges impact
Table 8 Sports betting market for offline by region, 2018-2030 (USD Billion)
Table 9 Sports betting market for Online, by region, 2018-2030 (USD Billion)
Table 10 Sports betting market for fixed odds wagering, by region, 2018-2030 (USD Billion)
Table 11 Sports betting market for exchange betting, by region, 2018-2030 (USD Billion)
Table 12 Sports betting market for live/in play betting, by region, 2018-2030 (USD Billion)
Table 13 Sports betting market for eSports betting, by region, 2018-2030 (USD Billion)
Table 14 Other sports betting market, by region, 2018-2030 (USD Billion)
Table 15 Sports betting market for football, by region, 2018-2030 (USD Billion)
Table 16 Sports betting market for basketball, by region, 2018-2030 (USD Billion)
Table 17 Sports betting market for baseball, by region, 2018-2030 (USD Billion)
Table 18 Sports betting market for horse racing, by region, 2018-2030 (USD Billion)
Table 19 Sports Betting market for cricket, by region, 2018-2030 (USD Billion)
Table 20 Sports betting market for hockey, by region, 2018-2030 (USD Billion)
Table 21 Sports betting market for other sports, by region, 2018-2030 (USD Billion)
Table 22 North America sports betting market, by platform, 2018-2030 (USD Billion)
Table 23 North America sports betting market, by betting type, 2018-2030 (USD Billion)
Table 24 North America sports betting market, by sports type, 2018-2030 (USD Billion)
Table 25 U.S. sports betting market, by platform, 2018-2030 (USD Billion)
Table 26 U.S. sports betting market, by betting type, 2018-2030 (USD Billion)
Table 27 U.S. sports betting market, by sports type, 2018-2030 (USD Billion)
Table 28 Canada sports betting market, by platform, 2018-2030 (USD Billion)
Table 29 Canada sports betting market, by betting type, 2018-2030 (USD Billion)
Table 30 Canada sports betting market, by sports type, 2018-2030 (USD Billion)
Table 31 Europe sports betting market, by platform, 2018-2030 (USD Billion)
Table 32 Europe sports betting market, by betting type, 2018-2030 (USD Billion)
Table 33 Europe sports betting market, by sports type, 2018-2030 (USD Billion)
Table 34 U.K. Sports betting market, by platform, 2018-2030 (USD Billion)
Table 35 U.K. sports betting market, by betting type, 2018-2030 (USD Billion)
Table 36 U.K. sports betting market, by sports type, 2018-2030 (USD Billion)
Table 37 Germany sports betting market, by platform, 2018-2030 (USD Billion)
Table 38 Germany sports betting market, by betting type, 2018-2030 (USD Billion)
Table 39 Germany sports betting market, by sports type, 2018-2030 (USD Billion)
Table 40 France sports betting market, by platform, 2018-2030 (USD Billion)
Table 41 France sports betting market, by betting type, 2018-2030 (USD Billion)
Table 42 France sports betting market, by sports type, 2018-2030 (USD Billion)
Table 43 Italy sports betting market, by platform, 2018-2030 (USD Billion)
Table 44 Italy sports betting market, by betting type, 2018-2030 (USD Billion)
Table 45 Italy sports betting market, by sports type, 2018-2030 (USD Billion)
Table 46 Asia Pacific sports betting market, by platform, 2018-2030 (USD Billion)
Table 47 Asia Pacific sports betting market, by betting type, 2018-2030 (USD Billion)
Table 48 Asia Pacific sports betting market, by sports type, 2018-2030 (USD Billion)
Table 49 China sports betting market, by platform, 2018-2030 (USD Billion)
Table 50 China sports betting market, by betting type, 2018-2030 (USD Billion)
Table 51 China sports betting market, by sports type, 2018-2030 (USD Billion)
Table 52 India sports betting market, by platform, 2018-2030 (USD Billion)
Table 53 India sports betting market, by betting type, 2018-2030 (USD Billion)
Table 54 India sports betting market, by sports type, 2018-2030 (USD Billion)
Table 55 Japan sports betting market, by platform, 2018-2030 (USD Billion)
Table 56 Japan sports betting market, by betting type, 2018-2030 (USD Billion)
Table 57 Japan sports betting market, by sports type, 2018-2030 (USD Billion)
Table 58 South Korea sports betting market, by platform, 2018-2030 (USD Billion)
Table 59 South Korea sports betting market, by betting type, 2018-2030 (USD Billion)
Table 60 South Korea sports betting market, by sports type, 2018-2030 (USD Billion)
Table 61 Australia sports betting market, by platform, 2018-2030 (USD Billion)
Table 62 Australia sports betting market, by betting type, 2018-2030 (USD Billion)
Table 63 Australia sports betting market, by sports type, 2018-2030 (USD Billion)
Table 64 Philippine sports betting market, by platform, 2018-2030 (USD Billion)
Table 65 Philippine sports betting market, by betting type, 2018-2030 (USD Billion)
Table 66 Philippine sports betting market, by sports type, 2018-2030 (USD Billion)
Table 67 Latin America sports betting market, by platform, 2018-2030 (USD Billion)
Table 68 Latin America sports betting market, by betting type, 2018-2030 (USD Billion)
Table 69 Latin America sports betting market, by sports type, 2018-2030 (USD Billion)
Table 70 Brazil sports betting market, by platform, 2018-2030 (USD Billion)
Table 71 Brazil sports betting market, by betting type, 2018-2030 (USD Billion)
Table 72 Brazil sports betting market, by sports type, 2018-2030 (USD Billion)
Table 73 Mexico sports betting market, by platform, 2018-2030 (USD Billion)
Table 74 Mexico sports betting market, by betting type, 2018-2030 (USD Billion)
Table 75 Mexico sports betting market, by sports type, 2018-2030 (USD Billion)
Table 76 Middle East & Africa (MEA) sports betting market, by platform, 2018-2030 (USD Billion)
Table 77 Middle East & Africa (MEA) sports betting market, by betting type, 2018-2030 (USD Billion)
Table 78 Middle East & Africa (MEA) sports betting market, by sports type, 2018-2030 (USD Billion)
List of Figures
Fig. 1 Industry snapshot
Fig. 2 Sports betting market-Market size and growth prospects
Fig. 3 Penetration & growth prospects mapping
Fig. 4 Market dynamics
Fig. 5 Increasing trend towards online sports betting
Fig. 6 Gambling and betting activities: Period on Period Growth
Fig. 7 PEST analysis
Fig. 8 Sports betting market, by platform, key takeaways, 2018-2030, Revenue (USD Billion)
Fig. 9 Platform movement analysis & market share, 2021 & 2030, Revenue (USD Billion)
Fig. 10 Sports betting market, by betting type, key takeaways, 2018-2030, Revenue (USD Billion)
Fig. 11 Type movement analysis & market share, 2021 & 2030, Revenue (USD Billion)
Fig. 12 Sports betting market, by sports type, key takeaways, 2018-2030, Revenue (USD Billion)
Fig. 13 Sports type movement analysis & market share, 2021 & 2030, Revenue (USD Billion)
Fig. 14 Sports betting market by region, 2021 & 2030, Revenue (USD Billion)
Fig. 15 Regional movement analysis & market share, 2021 & 2030, Revenue (USD Billion)
Fig. 16 North America sports betting market, 2021 & 2030, Revenue (USD Billion)
Fig. 17 Europe sports betting market, 2021 & 2030, Revenue (USD Billion)
Fig. 18 Asia Pacific sports betting market, 2021 & 2030, Revenue (USD Billion)
Fig. 19 Latin America sports betting market, 2021 & 2030, Revenue (USD Billion)
Fig. 20 MEA sports betting market, 2021 & 2030, Revenue (USD Billion)

Companies Mentioned

  • 888 Holdings Plc
  • bet365
  • Betsson AB
  • Churchill Downs Incorporated
  • Entain plc
  • Flutter Entertainment Plc
  • IGT
  • Kindred Group Plc
  • Sportech Plc
  • William Hill Plc

Methodology

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