[Latest] Global Online Sports Betting Market Size/Share

Austin, TX, USA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Online Sports Betting Market Size, Trends and Insights By Type (Line-In-Play, Fixed Old Betting, Daily Fantasy, E-Sports, Exchange Betting, Spread Betting, Others), By Sports Type (Football, Cricket, Tennis, Baseball, Volleyball, Basketball, Hockey, Horse Riding, Boxing, Golf, Racing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Online Sports Betting Market size & share was valued at approximately USD 36,564 Million in 2022 and is expected to reach USD 44,586 Million in 2023 and is expected to reach a value of around USD 116,787 Million by 2032, at a compound annual growth rate (CAGR) of about 14.2% during the forecast period 2023 to 2032.”

Click Here to Access a Free Sample Report of the Global Online Sports Betting Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=27158

Online Sports Betting Market: Dynamics

Sports Popularity and Events: The popularity of different sports and major sporting events significantly affects the demand for online sports betting. High-profile events like the FIFA World Cup, UEFA Champions League, Super Bowl, and other major tournaments attract a surge in betting activity.

Technological Advancements: Advancements in technology play a crucial role in shaping the market. Mobile betting applications, live streaming of sports events, and user-friendly interfaces have improved the overall betting experience and expanded the reach of online sports betting to a wider audience.

Regulatory Environment: The regulatory landscape governing online sports betting varies across different countries and regions. Changes in regulations, licensing requirements, and taxation can impact market accessibility and profitability for operators.

In-Play Betting: The introduction of in-play or live betting has revolutionized the industry. Real-time betting during sporting events allows bettors to place wagers as the action unfolds, adding excitement and engagement to the betting experience.

Consumer Behavior and Preferences: Changing consumer preferences, including the demand for specific sports, betting markets, and betting formats, influence the types of services and offerings provided by online sports betting operators.

Competitive Landscape: The market’s competitiveness drives operators to differentiate their services through promotions, odds, user experience, and customer service. Mergers, acquisitions, and strategic partnerships also impact the competitive landscape.

Responsible Gambling: The emphasis on responsible gambling practices and player protection is growing. Online sports betting operators must implement measures to prevent problem gambling and ensure a safe betting environment.

Global Events and Pandemics: Global events, such as the COVID-19 pandemic, can have significant short-term impacts on the market. Sporting event cancellations or postponements during the pandemic affected the availability of betting options and customer behaviour.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 44,586 Million
Projected Market Size in 2032	USD 116,787 Million
Market Size in 2022	USD 36,564 Million
CAGR Growth Rate	14.2% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Sports Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Online Sports Betting report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Online Sports Betting report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Online Sports Betting Market Report @ https://www.custommarketinsights.com/report/online-sports-betting-market/

Online Sports Betting Market: COVID-19 Analysis

Sporting Event Cancellations and Postponements: The COVID-19 outbreak resulted in the cancellation or postponement of numerous sporting events globally. Major leagues and tournaments in football, basketball, tennis, and other sports were affected, leading to a temporary reduction in betting opportunities and revenues for operators.

Shift in Betting Preferences: With the suspension of live sports events, bettors turned to alternative betting options. Esports, virtual sports, and niche sports gained popularity during the pandemic, providing continuous betting opportunities even when traditional sports were unavailable.

Impact on Revenue: The restrictions and lockdown measures imposed to control the spread of the virus had an adverse impact on the revenue of online sports betting operators. Reduced betting volumes during the pandemic affected the industry’s profitability.

Increase in Online Betting: As people stayed home due to lockdowns and social distancing measures, there was a surge in online activities, including online sports betting. The convenience and accessibility of betting platforms attracted new customers during the pandemic.

Sports Betting Promotions and Offers: Operators provided various promotions, free bets, and special offers to entice bettors during the pandemic. These marketing strategies aimed to maintain customer engagement and loyalty amid challenging times.

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Key questions answered in this report:

What is the size of the Online Sports Betting market and what is its expected growth rate?
What are the primary driving factors that push the Online Sports Betting market forward?
What are the Online Sports Betting Industry's top companies?
What are the different categories that the Online Sports Betting Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Online Sports Betting market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Online Sports Betting Market:

BETSSON AB
FORTUNA ENTERTAINMENT GROUP A.S.
LAS VEGAS SANDS CORPORATION
bet365
Flutter Entertainment plc
888 Holdings Plc
Entain
Kindred Group plc
MGM Resorts International
Kindred Group plc
Wynn Resorts Ltd
NOVIBET
Galaxy Entertainment Group Limited
Resorts World at Sentosa Pte. Ltd.
Sun International
RTSmunity a.s.
SKY INFOTECH
Peermont Global Proprietary Limited
SJM Holdings Limited
Sportradar AG
FanUp Inc.
Rivalry Ltd.
EveryMatrix
Kairos Group
BETAMERICA
Scientific Game
ComeOn Group
Others

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Browse the full “Online Sports Betting Market Size, Trends and Insights By Type (Line-In-Play, Fixed Old Betting, Daily Fantasy, E-Sports, Exchange Betting, Spread Betting, Others), By Sports Type (Football, Cricket, Tennis, Baseball, Volleyball, Basketball, Hockey, Horse Riding, Boxing, Golf, Racing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/online-sports-betting-market/

Online Sports Betting Market – Regional Analysis

North America: The North American region, especially the United States, was a significant player in the Online Sports Betting market. The market witnessed significant growth following the legalization of sports betting in several states, expanding the market’s potential. The popularity of sports like football, basketball, and baseball contributed to the market’s growth.

Europe: Europe was one of the largest and most established markets for Online Sports Betting. Several countries in Europe have a long history of sports betting, and the region is home to many prominent online betting operators. Major sports events like football leagues, tennis tournaments, and horse racing attracted significant betting interest in this region.

Asia-Pacific: The Asia-Pacific region exhibited considerable growth potential in the Online Sports Betting market. Countries like China, Japan, and India showed increasing interest in online sports betting, driven by rising internet penetration and a growing interest in sports. Cricket, football, and horse racing were popular sports for betting in this region.

Latin America: Latin America showed promising opportunities for the Online Sports Betting market. Some countries, such as Brazil, Argentina, and Mexico, considered legalizing and regulating online sports betting, paving the way for potential market expansion.

Middle East and Africa: The Middle East and Africa region presented the untapped potential for the Online Sports Betting market. While regulatory restrictions were more prevalent in some countries, there were emerging opportunities in certain regions with favourable gambling regulations.

Rest of the World: Other regions not covered above also demonstrated various levels of interest and growth in online sports betting. Factors such as regulatory changes, technological advancements, and sports popularity influenced the market’s performance in these regions.

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The Online Sports Betting Market is segmented as follows:

By Type

Line-In-Play
Fixed Old Betting
Daily Fantasy
E-Sports
Exchange Betting
Spread Betting
Others

By Sports Type

Football
Cricket
Tennis
Baseball
Volleyball
Basketball
Hockey
Horse Riding
Boxing
Golf
Racing
Others

Click Here to Get a Free Sample Report of the Global Online Sports Betting Market @ https://www.custommarketinsights.com/report/online-sports-betting-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Online Sports Betting Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Online Sports Betting Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Online Sports Betting Market? What Was the Capacity, Production Value, Cost and PROFIT of the Online Sports Betting Market?
What Is the Current Market Status of the Online Sports Betting Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of the Online Sports Betting Market by Considering Applications and Types?
What Are Projections of the Global Online Sports Betting Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Online Sports Betting Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Online Sports Betting Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are the Market Dynamics of the Online Sports Betting Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Online Sports Betting Industry?

Click Here to Access a Free Sample Report of the Global Online Sports Betting Market @ https://www.custommarketinsights.com/report/online-sports-betting-market/

Reasons to Purchase Online Sports Betting Market Report

Online Sports Betting Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
The Online Sports Betting Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Online Sports Betting Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Online Sports Betting Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Online Sports Betting market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Online Sports Betting Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/online-sports-betting-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Online Sports Betting market analysis.

The competitive environment of current and potential participants in the Online Sports Betting market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Online Sports Betting market should find this report useful. The research will be useful to all market participants in the Online Sports Betting industry.
Managers in the Online Sports Betting sector are interested in publishing up-to-date and projected data about the worldwide Online Sports Betting market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Online Sports Betting products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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