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Betting Game On: Sports Betting Market Set to Soar Past $182.12 Billion by 2030 | SkyQuest Technology
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.
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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
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 | Â 83.65 Billion |
2030 Value Projection | 182.12 Billion |
CAGR | 10.3% |
Segments Covered | · Platform
online and offline · 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.
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.
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.
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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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Compliance Updates
Media Troopers Receives Two-Year Renewal of Colorado Sports Betting License
Media Troopers, a leading digital marketing agency specializing in sports betting and iGaming, has marked its two-year anniversary in promoting sports betting in Colorado as a vendor licensed by the state.
Shmulik Segal, CEO of Media Troopers said: “We are very proud of this renewal, as it marks a milestone of two successful years of growth and commitment to the State of Colorado.”
Colorado’s Division of Gaming has renewed Media Troopers’ vendor license, allowing the company to promote sports betting offers for its customers until January 2027.
“Receiving a new license and debuting in a state is always exciting, but it is where the hard work begins,” Segal added. “So I am proud to celebrate two successful years of hard work and dedication in promoting safe and reponsible gaming for our Colorado partners such as BetMGM, bet365, and BetFanatics.”
Latest News
1/ST and Goodwood Racecourse announce Group 1 pathways between the United Kingdom and North America
1/ST, North Americaâs preeminent Thoroughbred racing and pari-mutuel wagering company, and Goodwood Racecourse, one of the United Kingdomâs leading racecourses, today announce a new initiative that will see a reciprocal partnership between 1/ST-owned racecourses in North America and Goodwood Racecourse in the United Kingdom.
This exciting new partnership will see horses gain automatic entry following success at the Pegasus World Cup meeting at Gulfstream Park on January 25, and at Goodwood Racecourseâs world-famous five-day festival, the Qatar Goodwood Festival presented by Visit Qatar.
The Pegasus World Cup Turf winner in 2025 will be granted automatic entry to the 2025 running of the Qatar Sussex Stakes. Likewise, the victor of the 2025 Pegasus World Cup Filly and Mare Turf will gain automatic entry to the Qatar Nassau Stakes in 2025.
Additionally, the winner of this yearâs ÂŁ1m, Group 1 Qatar Sussex Stakes will gain automatic entry to the Pegasus World Cup Turf in 2026 and the winner of the Group 1 Qatar Nassau Stakes will gain automatic entry to the Pegasus World Cup Filly and Mare Turf in 2026.
This new partnership will create an easily accessible pathway for horses to compete both in North America and the United Kingdom and help to encourage top-tier racehorses to travel and increase international participation at both fixtures â while also bolstering elite fields for global audiences and deeper fan engagement.
Aidan Butler, President of 1/ST, said: âThanks again to our friends at Goodwood Racecourse as our partnership enters its second year. We canât wait to see how our Pegasus World Cup Turf winners fare on the other side of the pond and look forward to welcoming the victors of the Qatar Sussex Stakes and Qatar Nassau Stakes back to Gulfstream Park in late January 2026 for one of the most lucrative racedays on the East Coast.
âThese reciprocal pathways mark the latest strides in 1/STâs bid to broaden the appeal and international participation in the worldâs major races. Weâve already seen such incentives reap immediate rewards when Crimson Advocate won at Royal Ascot in 2023, having punched her automatic spot via our Royal Palm juvenile series at Gulfstream Park. Now, Miami can hopefully work its magic again with the Qatar Goodwood Festival!â
Edward Arkell, Director of Racing at Goodwood Racecourse, added: âWe are thrilled to announce this fantastic new initiative, and I would like to thank 1/ST for their enthusiasm and support. By pairing two of our most prestigious races with a pair of turf races at the Pegasus World Cup meeting, we are confident that we have unlocked a well-scheduled gateway.
âThis partnership also highlights the importance of collaborating with the best horseracing in the World and allows us the opportunity to showcase the obvious benefits of working alongside the North American horseracing circuit.â
Latest News
Salsa Technology’s FORMULA-BET: Take the Pole Position in Brazil’s Regulated Market
Salsa Technology, a leader in iGaming market solutions, introduces FORMULA-BET, a revolutionary ecosystem designed to put operators in the pole position of Brazil’s regulated market. Inspired by the dynamism and precision of the Formula 1 universe, FORMULA-BET ensures lightning-fast delivery, offering the robust Salsa Omni PAM platform, along with secure, agile and certified integrations with aggregators, payment methods and sports betting.
With a solid track record of innovation and excellence, Salsa Technology ensures full compliance with the Betting Management System (Sigap) and holds GLI certifications for its PAM platform and integrations with the Salsa Gator content aggregator, payment solutions, and the First sports betting platform, all aligned with the requirements of SIGAP, Brazil’s Central Bank, and the Federal Revenue Service.
FORMULA-BET was designed to operate as a true cutting-edge racing team, focusing on three main pillars: speed of implementation with optimized technology for fast delivery and integration, meeting the demands of the regulated market in record time; high-performance team with specialized local support and proven expertise to drive results; compliance and security with full adherence to regulations, ensuring trust at every turn of the market.
At ICE Barcelona, Salsa’s commercial team will be ready to accelerate negotiations and present opportunities in Brazil, positioning itself as a strategic partner for companies aiming to lead in the country’s regulated market.
“Just like a Formula 1 car combines precision and innovation to cross the finish line first, FORMULA-BET provides operators with all the necessary tools to accelerate their business and dominate the regulated market with speed and accuracy”, says Eliane Nunes, CGO of Salsa Technology.
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