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Sports Betting Market Size, Share & Trends Analysis Report By Platform (Online, Offline), By Type (Fixed Odds Wagering, eSports Betting), By Sports Type (Football, Basketball), By Region, And Segment Forecasts, 2021 - 2028

  • ID: 5450206
  • Report
  • September 2021
  • Region: Global
  • 100 Pages
  • Grand View Research

FEATURED COMPANIES

  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • Betsson AB
  • Churchill Downs Inc.
  • Flutter Entertainment Plc
  • GVC Holdings Plc
The global sports betting market size is expected to reach USD 140.26 billion by 2028, according to a new report by the publisher The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The growing digital infrastructure and the penetration of connected devices are the key factors driving the market. Additionally, the increase in the number of sports events and leagues is driving the demand for sports betting platforms.

Sports betting is an activity of foretelling sports results and placing a bet on the result. Most bets are placed on sports, such as football, baseball, basketball, hockey, cricket, boxing, and auto racing. However, sports betting also extends to non-athletic events, such as horse racing and eSports.

The COVID-19 pandemic led to the cancellation of sports events, which reduced sports betting opportunities. However, the sports betting industry is expected to witness lesser financial damage compared to other industries. As a result of the lockdown of land-based betting facilities, many customers/bettors shifted to online betting platforms. During lockdowns, the online sports betting industry witnessed an increase in participation as users had more time to spare on their phones and desktop computers, making it convenient for them to place bets.

The market has also benefitted from the growth in internet penetration, which is driving increased investments in online sports betting platforms. For instance, according to Global Social Media Overview April 2021 by DataReportal, there are more than 4.8 billion internet users across the world. Participation in online betting permits players to monitor betting activities in real-time through internet-connected devices.

Sports betting platform providers are investing in research & development activities to introduce innovations in the market and offer a better experience to users. Additionally, the growing competition is driving innovations in the sports market.

Sports Betting Market Report Highlights

  • By platform, the online segment accounted for the largest revenue share in 2020 and is expected to retain its lead over the forecast period. This can be attributed to the increase in the penetration of smartphones and connected devices across the world. The segment is anticipated to expand at the highest CAGR over the forecast period
  • In terms of sports type, the football segment accounted for the largest revenue share in 2020 and is expected to retain its lead over the forecast period. Additionally, this segment is likely to register the highest CAGR over the forecast period
  • Europe dominated the market in 2020 and is expected to retain its position over the forecast period. This can be attributed to factors such as safety laws and regulations for sports betting, popularity and large fan base of football, and the presence of many market players in the region
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • Betsson AB
  • Churchill Downs Inc.
  • Flutter Entertainment Plc
  • GVC Holdings Plc
Chapter 1. Methodology and Scope
1.1 Information Procurement
1.1.1 Purchased database
1.1.2 Internal database
1.1.3 Secondary sources & third-party perspective
1.1.4 Primary research
1.2 Information Analysis
1.2.1 Data analysis models
1.3 Market Formulation and Data Visualization
1.4 Data Validation and Publishing

Chapter 2. Executive Summary
2.1 Market Outlook
2.2 Segment Outlook

Chapter 3. Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.2 Penetration and Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Growing digital infrastructure and penetration of connected devices
3.3.1.2 Increase in number of sports events and leagues
3.3.2 Market restraint/challenges analysis
3.3.2.1 Stringent government regulations
3.3.3 Market opportunity analysis
3.3.3.1 Application of AI and blockchain technology
3.4 Porter’s Five Forces Analysis
3.5 PEST Analysis
3.6 COVID-19 Impact on Sports Betting Market

Chapter 4. Sports Betting Market: Platform Estimates & Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
4.2 Platform Movement Analysis & Market Share, 2020 & 2028
4.3 Offline
4.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.4 Online
4.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)

Chapter 5. Sports Betting Market: Type Estimates & Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
5.2 Type Movement Analysis & Market Share, 2020 & 2028
5.3 Fixed odds wagering
5.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.4 Exchange Betting
5.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.5 Live/In Play Betting
5.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.6 Pari-Mutuel
5.6.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.7 eSports Betting
5.7.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.8 Others
5.8.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)

Chapter 6. Sports Betting Market: Sports Type Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
6.2 Sports Type Movement Analysis & Market Share, 2020 & 2028
6.3 Football
6.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.4 Basketball
6.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.5 Baseball
6.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.6 Horse Racing
6.6.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.7 Cricket
6.7.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.8 Hockey
6.8.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.9 Others
6.9.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)

Chapter 7. Regional Estimates & Trend Analysis
7.1 Sports Betting market by region, 2020 & 2028
7.2 Regional Movement Analysis & Market Share, 2020 & 2028
7.3 North America
7.3.1 North America Sports Betting market, 2016 - 2028 (USD Billion)
7.3.2 North America Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.3.3 North America Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.3.4 North America Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.3.5 U.S.
7.3.5.1 U.S. Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.3.5.2 U.S. Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.3.5.3 U.S. Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.3.6 Canada
7.3.6.1 Canada Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.3.6.2 Canada Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.3.6.3 Canada Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.4 Europe
7.4.1 Europe Sports Betting market, 2016 - 2028 (USD Billion)
7.4.2 Europe Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.4.3 Europe Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.4.4 Europe Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.4.5 U.K.
7.4.5.1 U.K. Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.4.5.2 U.K. Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.4.5.3 U.K. Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.4.6 Germany
7.4.6.1 Germany Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.4.6.2 Germany Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.4.6.3 Germany Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.4.7 France
7.4.7.1 France Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.4.7.2 France Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.4.7.3 France Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.4.8 Italy
7.4.8.1 Italy Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.4.8.2 Italy Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.4.8.3 Italy Sports Betting market, by sports Type, 2016 - 2028 (USD Billion)
7.4.9 Rest of Europe
7.4.9.1 Rest of Europe Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.4.9.2 Rest of Europe Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.4.9.3 Rest of Europe Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.5 Asia Pacific
7.5.1 Asia Pacific Sports Betting market, 2016 - 2028 (USD Billion)
7.5.2 Asia Pacific Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.5.3 Asia Pacific Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.5.4 Asia Pacific Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.5.5 China
7.5.5.1 China Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.5.5.2 China Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.5.5.3 China Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.5.6 India
7.5.6.1 India Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.5.6.2 India Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.5.6.3 India Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.5.7 Japan
7.5.7.1 Japan Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.5.7.2 Japan Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.5.7.3 Japan Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.5.8 Rest of Asia Pacific
7.5.8.1 Rest of Asia Pacific Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.5.8.2 Rest of Asia Pacific Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.5.8.3 Rest of Asia Pacific Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.6 Latin America
7.6.1 Latin America Sports Betting market, 2016 - 2028 (USD Billion)
7.6.2 Latin America Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.6.3 Latin America Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.6.4 Latin America Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.6.5 Brazil
7.6.5.1 Brazil Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.6.5.2 Brazil Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.6.5.3 Brazil Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.6.6 Mexico
7.6.6.1 Mexico Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.6.6.2 Mexico Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.6.6.3 Mexico Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.6.7 Rest of Latin America
7.6.7.1 Rest of Latin America Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.6.7.2 Rest of Latin America Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.6.7.3 Rest of Latin America Sports Betting market, by sports type, 2016 - 2028 (USD Billion)
7.7 Middle East & Africa (MEA)
7.7.1 Middle East & Africa (MEA) Sports Betting market, 2016 - 2028 (USD Billion)
7.7.2 Middle East & Africa (MEA) Sports Betting market, by platform, 2016 - 2028 (USD Billion)
7.7.3 Middle East & Africa (MEA) Sports Betting market, by type, 2016 - 2028 (USD Billion)
7.7.4 Middle East & Africa (MEA) Sports Betting market, by sports type, 2016 - 2028 (USD Billion)

Chapter 8. Competitive Analysis
8.1 Key Competitor Ranking Analysis, 2020
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 Group Ltd.
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 Inc.
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Product benchmarking
9.4.4 Recent developments
9.5 Flutter Entertainment Plc
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Recent developments
9.6 GVC Holdings Plc
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Recent developments
9.7 Kindred Group Plc
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.7.4 Recent developments
9.8 Sportech Plc
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.8.4 Recent developments
9.9 Webis Holdings 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, 2016 - 2028 (USD Billion)
Table 2 Sports betting market, by region, 2016 - 2028 (USD Billion)
Table 3 Sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 4 Sports betting market, by type, 2016 - 2028 (USD Billion)
Table 5 Sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 6 Key market driver impact
Table 7 Key market restraint/challenges impact
Table 8 Sports betting market for offline, by region, 2016 - 2028 (USD Billion)
Table 9 Sports betting market for online, by region, 2016 - 2028 (USD Billion)
Table 10 Sports betting market for fixed odds wagering, by region, 2016 - 2028 (USD Billion)
Table 11 Sports betting market for exchange betting, by region, 2016 - 2028 (USD Billion)
Table 12 Sports betting market for live/in play betting, by region, 2016 - 2028 (USD Billion)
Table 13 Sports betting market for pari-mutuel, by region, 2016 - 2028 (USD Billion)
Table 14 Sports betting market for esports betting, by region, 2016 - 2028 (USD Billion)
Table 15 Sports betting market for others, by region, 2016 - 2028 (USD Billion)
Table 16 Sports betting market for football, by region, 2016 - 2028 (USD Billion)
Table 17 Sports betting market for basketball, by region, 2016 - 2028 (USD Billion)
Table 18 Sports betting market for baseball, by region, 2016 - 2028 (USD Billion)
Table 19 Sports betting market for horse racing, by region, 2016 - 2028 (USD Billion)
Table 20 Sports betting market for cricket, by region, 2016 - 2028 (USD Billion)
Table 21 Sports betting market for hockey, by region, 2016 - 2028 (USD Billion)
Table 22 Sports betting market for others, by region, 2016 - 2028 (USD Billion)
Table 23 North America sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 24 North America sports betting market, by type, 2016 - 2028 (USD Billion)
Table 25 North America sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 26 U.S. sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 27 U.S. sports betting market, by type, 2016 - 2028 (USD Billion)
Table 28 U.S. sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 29 Canada sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 30 Canada sports betting market, by type, 2016 - 2028 (USD Billion)
Table 31 Canada sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 32 Europe sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 33 Europe sports betting market, by type, 2016 - 2028 (USD Billion)
Table 34 Europe sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 35 U.K. sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 36 U.K. sports betting market, by type, 2016 - 2028 (USD Billion)
Table 37 U.K. sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 38 Germany sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 39 Germany sports betting market, by type, 2016 - 2028 (USD Billion)
Table 40 Germany sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 41 France sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 42 France sports betting market, by type, 2016 - 2028 (USD Billion)
Table 43 France sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 44 Italy sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 45 Italy sports betting market, by type, 2016 - 2028 (USD Billion)
Table 46 Italy sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 47 Rest of Europe sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 48 Rest of Europe sports betting market, by type, 2016 - 2028 (USD Billion)
Table 49 Rest of Europe sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 50 Asia Pacific sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 51 Asia Pacific sports betting market, by type, 2016 - 2028 (USD Billion)
Table 52 Asia Pacific sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 53 China sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 54 China sports betting market, by type, 2016 - 2028 (USD Billion)
Table 55 China sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 56 India sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 57 India sports betting market, by type, 2016 - 2028 (USD Billion)
Table 58 India sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 59 Japan sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 60 Japan sports betting market, by type, 2016 - 2028 (USD Billion)
Table 61 Japan sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 62 Rest of Asia Pacific sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 63 Rest of Asia Pacific sports betting market, by type, 2016 - 2028 (USD Billion)
Table 64 Rest of Asia Pacific sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 65 Latin America sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 66 Latin America sports betting market, by type, 2016 - 2028 (USD Billion)
Table 67 Latin America sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 68 Brazil sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 69 Brazil sports betting market, by type, 2016 - 2028 (USD Billion)
Table 70 Brazil sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 71 Mexico sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 72 Mexico sports betting market, by type, 2016 - 2028 (USD Billion)
Table 73 Rest of Latin America sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 74 Rest of Latin America sports betting market, by type, 2016 - 2028 (USD Billion)
Table 75 Rest of Latin America sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 76 Mexico sports betting market, by sports type, 2016 - 2028 (USD Billion)
Table 77 Middle East & Africa (MEA) sports betting market, by platform, 2016 - 2028 (USD Billion)
Table 78 Middle East & Africa (MEA) sports betting market, by type, 2016 - 2028 (USD Billion)
Table 79 Middle East & Africa (MEA) sports betting market, by sports type, 2016 - 2028 (USD Billion)

List of Figures
Figure. 1 Information procurement
Figure. 2 Primary research pattern
Figure. 3 Primary research process
Figure. 4 Market formulation and data visualization
Figure. 5 Industry snapshot
Figure. 6 Penetration and growth prospects mapping
Figure. 7 Market dynamics
Figure. 8 PEST analysis
Figure. 9 Sports betting market, by platform, key takeaways, 2016 - 2028, Revenue (USD Billion)
Figure. 10 Platform movement analysis & market share, 2020 & 2028, Revenue (USD Billion)
Figure. 11 Sports betting market, by type, key takeaways, 2016 - 2028, Revenue (USD Billion)
Figure. 12 Type movement analysis & market share, 2020 & 2028, Revenue (USD Billion)
Figure. 13 Sports betting market, by sports type, key takeaways, 2016 - 2028, Revenue (USD Billion)
Figure. 14 Sports type movement analysis & market share, 2020 & 2028, Revenue (USD Billion)
Figure. 15 Sports betting market by region, 2020 & 2028, Revenue (USD Billion)
Figure. 16 Regional movement analysis & market share, 2020 & 2028, Revenue (USD Billion)
Figure. 17 North America sports betting market - Key takeaways, 2020 & 2028, Revenue (USD Billion)
Figure. 18 North America sports betting market, 2016 - 2028(USD Billion)
Figure. 19 Europe sports betting market - Key takeaways, 2020 & 2028, Revenue (USD Billion)
Figure. 20 Europe sports betting market, 2016 - 2028(USD Billion)
Figure. 21 Asia Pacific sports betting market - Key takeaways, 2020 & 2028, Revenue (USD Billion)
Figure. 22 Asia Pacific sports betting market, 2016 - 2028(USD Billion)
Figure. 23 Latin America sports betting market - Key takeaways, 2020 & 2028, Revenue (USD Billion)
Figure. 24 Latin America Sports Betting market, 2016 - 2028(USD Billion)
Figure. 25 MEA Sports Betting market - Key takeaways, 2020 & 2028, Revenue (USD Billion)
Figure. 26 MEA Sports Betting market, 2016 - 2028 (USD Billion)
Note: Product cover images may vary from those shown
  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • Betsson AB
  • Churchill Downs Inc.
  • Flutter Entertainment Plc
  • GVC Holdings Plc
  • Kindred Group Plc
  • Sportech Plc
  • Webis Holdings Plc
  • William Hill Plc
Note: Product cover images may vary from those shown

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