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Betting Game On: Sports Betting Market Set to Soar Past $182.12 Billion by 2030 | SkyQuest Technology

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The global sports betting market size is expected to reach $182.12 billion by 2030 and exhibit a CAGR of 10.3% in the forecast period (2023-2030), according to SkyQuest’s latest research report. The growing popularity and acceptance of sports betting, increasing legalization and regulatory reforms, technological advancements and mobile betting platforms, wide accessibility and convenience of online betting, rising sports fan engagement and spectatorship, the introduction of live and in-play betting options, expansion of sports betting markets and options, integration of artificial intelligence and data analytics, partnerships with sports leagues and teams is fuelling the market’s growth.

According to SkyQuest’s latest global research of the sports betting market, the shift towards online and mobile betting platforms, growth of in-play and live betting options, rise of eSports betting, integration of social media and user engagement, expansion into new and emerging markets, emphasis on responsible gambling and player protection measures, use of data analytics and artificial intelligence in betting strategies, increasing adoption of cryptocurrency and blockchain technology, the emergence of virtual sports and fantasy betting are the trends that aid in the market’s growth.

Get sample copy of this report:

Https:// www. SkyQuestt .com/Sample-Request/ Sports-Betting-Market

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Browse in-depth TOC on Sports Betting Market:

* Pages – 157
* Tables – 64
* Figures -75

Sports betting is the activity of predicting the outcome of a sporting event and placing a wager on that outcome. The wager can be made with a bookmaker, a person or organization accepting bets on sporting events or with another individual. The bettor can win or lose money depending on the event’s outcome.

Prominent Players in Sports Betting Market:

* DraftKings
* FanDuel
* BetMGM
* Caesars
* PointsBet
* BetRivers
* WynnBET
* TwinSpires
* Unibet
* 888Sport
* Pinnacle
* Betway
* Barstool Sportsbook
* Fox Bet
* Score Bet
* SugarHouse
* TheScore Bet
* RushStreet Interactive
* Golden Nugget
* Betfred

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Browse summary of the report and Complete Table of Contents (ToC):

Https:// www. SkyQuestt.com/ Report/Sports-Betting-Market

Report Scope & Segmentation:

Attributes Details
Forecast Period 2023-2030
Market Size in 2022  83.65 Billion
2030 Value Projection 182.12 Billion
CAGR 10.3%
Segments Covered ·  Platform

online and offline

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·  Betting type

Fixed Odds Wagering, Exchange Betting, Live/In Play Betting, Pari-mutuel, eSports Betting, and Others

Regions Covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)

Odds Betting Demand to Grow Substantially in the Forecast Period:

Odds betting dominated the global online market due to its wide popularity and familiarity. It covers a wide range of sports including popular ones like football, basketball, tennis and horse racing. Bookmakers offer a comprehensive selection of events, matches and tournaments, ensuring a diverse and extensive market coverage for fixed odds betting.

Football (Soccer) is the Leading Application Segment:

In terms of application, football (soccer) is the leading segment due to its wide popularity. In addition, it has a high frequency of matches throughout the year including domestic leagues, international tournaments and continental championships. This provides ample opportunities for sports bettors to engage and place bets regularly.

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North America is the leading Market Due to the Large Consumer Base:

Region-wise, North America is one of the largest growing markets with a huge consumer base. The region, particularly the United States, is often seen as a dominant market due to its large population, high levels of consumer spending and advanced technology and innovation. Many multinational companies are headquartered in the United States, which gives the region a significant advantage in terms of market dominance.

A recent report thoroughly analyzes the major players operating within the sports betting market. This comprehensive evaluation has considered several crucial factors such as collaborations, mergers, innovative business policies and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for sports betting.

Key Developments in Sports Betting Market:

In March of 2023, Caesars Entertainment announced that it would acquire William Hill, a British bookmaker, for $3.7 billion. The acquisition is expected to help Caesars expand its sports betting offerings in the United States.

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In April of 2023, Penn National Gaming announced that it would acquire Barstool Sports, a digital media company, for $1.6 billion. The acquisition is expected to help Penn National Gaming expand its sports betting offerings and reach new customers.

Speak to Analyst for Your Custom Requirements:

Https:// www. SkyQuestt .com/Speak-With-Analyst/Sports-Betting-Market

Key Questions Answered in Sports Betting Market Report

* What specific growth drivers will impact the market during the forecast period?
* Can you list the top companies in the market and explain how they have achieved their positions of influence?
* In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?

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Related Reports in SkyQuest’s Library:

Global Polyvinylpyrrolidone Market
Global DNA Polymerase Market
Global Steel Wire Market
Global Casino Gaming Equipment Market
Global Casino Management Systems Market

Cryptocurrency

Vibra Gaming partners with CryptoZpin to offer content to global crypto brands

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Vibra Gaming will distribute its content portfolio through white label. cryptocurrency provider GamSnap, who will supply several of its global operator partners with an initial launch on the CryptoZpin brand: www.cryptozpin.com

Vibra’s proven gaming content will be extended by GamSnap to Cryptožpin, as well as future cryptocurrency brands in multiple global markets, including Latin America, Europe and Asia

Vibra Gaming, a fast-growing Latin American company, is recognized for its creative and innovative content with a wide range of highly engaging slots such as Carnaval Alegría and branded slots such as Popeye; Quick Games including Crash, Double and Dice; a series of successful table games including roulette and blackjack, and unique bingo content including classic old-school bingos as well as new original titles including Egyptian Riches Gold and Underwater

Henrik Granlund, Product Owner, GamSnap, said: “GamSnap, the new Crypto Casino white label provider, is pleased to partner with Vibra and offer their exciting games not only to the Latin American market but also to the European and Asian markets. We are excited to see how the games perform with our clients, CryptoZpin.com, and our future brands. We look forward to working side- by-side with the Vibra team and watching our partnership grow.”

Ramiro Atucha, CEO, Vibra Gaming, said: “Our gomes have enormous reach with local and international operators both across the LatAm region and globally. Our new portnership with GamSnap will give us even an even broader horizon, working with a new range of up and coming crypto brands that we’re all very excited to be part of.”

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eSports

SIS and bet365 expand H2H Global Gaming League™ presence in US with esports products now live in Ohio and Arizona

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SIS Content Services, part of the SIS Group (Sports Information Services), has further expanded its United States footprint with bet365 offering its H2H Global Gaming League™ (H2HGGGL) eBasketball and eSoccer games in Ohio and Arizona.

After bet365 successfully launched H2HGGL eBasketball in New Jersey in late 2022, the product has since gone live in Colorado, Kentucky and, most recently, Ohio and Arizona. The product set has further expanded through the launch of eSoccer games, with bettors now enjoying the full range of industry-leading H2HGGL esports content.

Developed specifically for betting, SIS produces over 150,000 H2HGGL events annually, providing a full end-to-end solution with integrity at its core.

The short-form, events-based esports product, which sees professional gamers compete in eBasketball and eSoccer games from SIS’ self-contained UK studios, is proven to deliver superior margins around the clock, adding as much as 10% in value in the basketball and soccer verticals on sportsbook platforms.

The products feature ultra-low (sub-second) latency live streaming, visible ESIC-trained integrity referees for every game, live caster commentary, and on-screen graphics.

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Richard Ames, Chief Executive, SIS, and President, SIS Content Services, said: “We are rapidly expanding the presence of our H2H Global Gaming League™ across the US, which is significantly boosting engagement and margin for our partners. With content live in five states, our relationship with long-term partner bet365 has been further strengthened as we continue to assist them with growth in the region.”

Michele Fischer, Vice President, SIS Content Services, said: “We are thrilled that our esports products are now live in Ohio and Arizona. Both states have significant fan engagement in professional and college sports, and the H2H Global Gaming League™ has already shown to have positive appeal to the bet365 customer base.”

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eSports

HAWKS TALON GC ELIMINATED FROM THE TICKET, ENDS 2024 SEASON

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Hawks Talon GC, the official NBA 2K League affiliate of the Atlanta Hawks, were eliminated from the TICKET on Tuesday night after falling to the No. 5 Nets GC 88-79, ending their 2024 season.

Talon entered the last chance tournament as the No. 4 seed, amassing 60 points over the TIPOFF and TURN 5v5 tournaments.

“Ending the season in the TICKET is always a tough way to go out, but there are a ton of things we can take away,” said Hawks Talon Head Coach Ismael ‘MAELO’ Diaz Tolentino. “The way Bait, Duck, Low, and E all meshed with MDS in their first year with us is something to be proud of. Our guys fought throughout both threes and fives all season, and all of them should keep their heads up going into next year.”

Talon finished 3v3 gameplay with a 7-9 record over group and bracket play, including a 4-4 record in bracket play, and finished the 5v5 season with a 6-6 record over the TIPOFF and TURN.

During the 3v3 SLAM tournament, Talon finished as one of the top six teams, starting out 3-0 in bracket play and earning $8,000 from the prize pool.

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Mark David “MDS” Smith led the Talon in scoring throughout the 5v5 season, averaging 28.0 points and 7.1 assists in 12 games. During the week of May 27-June 2, MDS earned Player of the Week honors behind a 60-point performance against Celtics Crossover Gaming, breaking the franchise record for most points in a game and the fifth most in NBA 2K League history. He also became only the second player in franchise history to win Player of the Week.

Ludlow “LOW” Samuels averaged a double-double, collecting a team-high 10.4 rebounds to go along with 13.5 points throughout the 5v5 season while Christopher “Duck” Charles dished out a team-high 9.5 assists.

Talon newcomer Elijah “Underratedgoat” Spears netted 12.3 points, while rookie Tyler “Baitpickk” Montague collected 6.9 points and 3.7 rebounds per game.

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