Latest News
The Global Sports Betting Market is Anticipated to Expand Notably and Exceed US$ 245,792.4 million in 2033 – Future Market Insights, Inc. Projection

The sports betting market is predicted to be worth US$ 91,940.9 million in 2023, rising at a CAGR of 10.3% to US$ 245,792.4 million by 2033. The expanding prevalence of connected devices, sports betting implementation, and developing digital infrastructure all add to the increasing demand for sports betting.
The increased desire for the digitalization of sports betting might have a positive effect on the online section of the sports betting industry, which is expected to enjoy substantial growth throughout the projected period. However, to provide consumers with new sports betting market options for employment and enriching experiences, several governments are establishing frameworks influencing forthcoming trends in the sports betting market.
One of the important developments in the sports betting market is the expanding impact of technologies including blockchain, virtual reality, and AI, notably machine learning tools. Moreover, the sports betting market is predicted to grow over the forecast period due to rising consumer demand for sports betting, which is being fueled by technological developments.
Key companies in the sports betting sector are progressively focusing a considerable amount of their efforts on machine learning tools and approaches that have shown promising outcomes in prediction. Further, machine learning aids in accelerating the creation of predictive algorithms and precise forecasting models, resulting in increased betting efficiency.
Sports bettors are likely to become familiar with new machine-learning algorithms that seek to forecast the outcomes of games and races. As a result, during the projected period, the expansion of machine learning is estimated to be a benefit to the global sports betting business.
Key Takeaways from the Sports Betting Market Report:
- In 2022, North America held a 28.1% market share.
- In 2022, the United States captured a 16.5% market share.
- India’s market is expected to develop at a CAGR of 13.4%.
- China’s market is expected to increase at an 8.2% CAGR.
- The football segment accounted for 20.2% of the worldwide sports betting market.
“The latest market research study highlights the dynamic landscape of the Sports Betting Market. The comprehensive analysis reveals the market’s robust growth fueled by technological advancements, increasing online accessibility, and evolving consumer preferences. With a focus on key players, emerging trends, and regulatory frameworks, the study provides valuable insights for stakeholders navigating this vibrant and rapidly expanding industry.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.
Competitive Landscape:
The top sports betting market operators focus on establishing engaging websites and giving exclusive deals to acquire a competitive edge in the sports betting business.
- Bet365’s e-sports betting service was available in Colorado beginning in September 2022. The sportsbook company was operating with its betting service on the market after obtaining one of Century Casinos’ master licenses from the state.
- William Hill, a sports betting and web-based casino administrator, created its main brand and stated plans to significantly increase its profits in Latvia in May 2022. In addition, William Hill intends to leverage existing media relationships with bespoke creatives based on the Brotherhood brand approach.
Key market players:
- 888 Holdings Plc.
- Bet365
- Betsson AB
- William Hill
Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global sports betting market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights By Platform (Offline, Online), by Betting Type(Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others), By Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others) & Region.
Sports Betting Market Segmentation:
By Platform:
- Offline
- Online
By Betting Type:
- Fixed Odds Wagering
- Exchange Betting
- Live/In-Play Betting
- Pari-mutuel
- eSports Betting
- Others
By Sports Type:
- Football
- Basketball
- Baseball
- Horse Racing
- Cricket
- Hockey
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
Latest News
WSOP Circuit Returns to Latin America – Qualify Exclusively at GGPoker

GGPoker, the World’s Biggest Poker Room, is excited to announce the launch of online satellite tournaments for the upcoming WSOP Circuit Panama 2025 live poker event.
This exciting event will put Latin American poker back in the spotlight and is set to bring together the continent’s top players from November 6 to 16 at the prestigious Hilton Panama Hotel and the exclusive StarBay Casino.
Featuring 12 official World Series of Poker gold ring events, a full schedule of side tournaments, VIP activities, international media coverage, and a stunning seaside location, WSOP Circuit Panama promises to be one of the year’s most spectacular stops for both professional and recreational players.
Gregory Chochon, Chief Operating Officer of the World Series of Poker, added:
“We are proud to see the WSOP Circuit continue to grow internationally. Latin America is a passionate and fast-growing poker region, and events like WSOP Circuit Panama bolster our mission to bring the WSOP gold ring experience to players around the globe.”
GGPoker players can qualify via a 12-week online satellite series, with 20 guaranteed packages worth $2,500 USD each. Each package includes a $1,700 Main Event entry and $800 for travel expenses. Satellites start at just $5, giving players across Latin America the chance to live the full WSOP experience in Panama.
Online Satellite Schedule on GGPoker (ET time):
Day |
Time (ET) |
Tournament Name |
Mon–Sat |
3-4-5-6-7 PM |
WSOP-C Panama – $5 Daily Satellite |
Sunday |
12-1-2-3-4 PM |
WSOP-C Panama – $5 Daily Satellite |
Mon-Sun |
8 PM |
WSOP-C Panama – $33 Package Qualifier |
Sunday |
4 PM |
WSOP-C Panama – $22 Last Chance Satellite |
Sunday |
7 PM |
WSOP-C Panama – $215 Weekly Final |
WSOP-C Panama Satellite Stats (over 12 weeks):
-
$5 Satellites: 1,296 tournaments
-
$33 Qualifiers: 312 tournaments
-
$22 Last Chance: 12 tournaments
-
$215 Weekly Finals: 12 tournaments
Guaranteed Packages ($2,500 each):
-
Weeks 1–4: 1 package per week
-
Weeks 5–12: 2 packages per week
-
Total: 20 guaranteed packages
-
Total Prize Value: $50,000 USD
In addition to winning a coveted WSOP Circuit gold ring, each ring event winner in Panama will also receive a $5,000 WSOP Circuit Championship package, which includes:
-
$2,750 entry to the Mystery Bounty WSOP Circuit Championship
-
6-night stay at Atlantis (Coral or Royal Towers)
-
Complimentary buffet access during the stay
“WSOP Circuit Panama is a unique opportunity for players across Latin America to enjoy a world-class poker experience in an extraordinary setting,” said Juan Carreño, GGPoker Representative.
Latest News
Caesars Entertainment Debuts IGT’s Kitty Glitter Grand Slot Across its Online Casino Platforms and Inside its Atlantic City Resorts

Caesars Entertainment Inc. announced it is the first in the industry to launch IGT’s newest installment of its beloved slot title, Kitty Glitter Grand. The game is now live across Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino in New Jersey, Pennsylvania, Michigan, West Virginia, and Ontario. It’s also available at Caesars Rewards destinations in Atlantic City, including Caesars and Harrah’s, with Tropicana set to join the lineup soon, subject to final regulatory approval.
This debut marks IGT’s first simultaneous exclusive launch of a game both online and in casinos in the US. As a result, Caesars is currently the only place where fans of the Kitty Glitter franchise can experience this latest installment, whether in person or online.
“The popularity of Kitty Glitter Grand speaks for itself across gaming floors at our Caesars Rewards destinations, which is why we couldn’t be happier that our players will be the first to enjoy the newest title in this renowned brand’s history. We know how impactful exclusive launches can be, so we’re grateful to our partners at IGT for their trust in partnering with us on their first simultaneous online and in-casino launch in the United States. We’re committed to bringing first-to-market, unforgettable experiences to our online casino players that can’t be found anywhere else,” said Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital.
“The exclusive launch of Kitty Glitter Grand is another shining example of how we’re strengthening the powerful connection between our world-class destinations in Atlantic City and beyond with our dynamic digital platforms. We’re uniquely positioned to deliver exclusive, first-to-market gaming experiences that our guests can enjoy both on the casino floor and from the comfort of their home. This launch underscores our commitment to offering best-in-class entertainment wherever our players choose to engage,” said Barron Fuller, Regional President at Caesars Entertainment.
For more than twenty years, Kitty Glitter has been a fan favorite in brick-and-mortar casinos, and its enduring popularity continues to captivate players. This latest installment offers an enhanced gameplay experience with recognizable collection features that players already know and love from the original Kitty Glitter game, while adding even more compelling new enhancements. Both new players and fans of the original can enjoy an added wheel bonus and random wilds in the base game, which help boost these themes to the next level.
“We’re thrilled to partner with Caesars on the exclusive launch of Kitty Glitter Grand, a title that builds on one of IGT’s most iconic brands. This first-of-its-kind simultaneous launch across online and land-based channels in the U.S. reflects our commitment to innovation and delivering engaging content that resonates with players wherever they choose to play,” said Nick Khin, CEO of Gaming at IGT.
In celebration of this special debut, Caesars plans to host an exclusive VIP event for select Caesars Rewards members at Caesars Atlantic City in August. The Company is also running an omnichannel promotion at its Atlantic City destinations and a special leaderboard promotion across its digital platforms in all jurisdictions where it offers iGaming, excluding Ontario.
Compliance Updates
NCPG Celebrates Senate Action on Military Gambling Addiction Research

The Senate Appropriations Committee approved a key provision in the FY26 Senate Defense Appropriations Bill that would, for the first time, make gambling addiction an eligible research topic under the Department of Defense’s Peer-Reviewed Medical Research Program (PRMRP). The decision marks a historic step in addressing gambling disorder as a behavioral health condition impacting active duty servicemembers and Veterans.
The provision was championed by a broad group of lawmakers, led by Senator Ben Ray Luján (D-NM), and supported by more than two dozen state affiliates of the National Council on Problem Gambling (NCPG), as well as leading operators from the gambling industry including FanDuel, BetMGM, and MGM Resorts International.
“The Committee’s action will finally give researchers, local VA clinicians, and military health officials the ability to better understand and address gambling addiction among those who serve. We’re grateful to our allies in Congress, industry partners, and the public health community for making this progress possible,” said Derek Longmeier, President of NCPG’s Board of Directors.
According to recent research from NCPG, nearly 20 million American adults report experiencing at least one problematic gambling behavior “many times” in the past year. Although this research suggests that the risk for gambling problems may be stabilizing, military communities remain disproportionately affected.
Gambling addiction is one of the most under-researched behavioral health conditions among military populations even though servicemembers are twice as likely as civilians to experience gambling problems. Nearly 40% of veterans who seek treatment for gambling addiction report having attempted suicide.
“Servicemembers and Veterans facing gambling addiction deserve the same level of support and understanding we’ve worked to build around PTSD, depression, and other behavioral health challenges. This provision is a critical step toward recognizing the realities our military community faces and ensuring the federal government invests in the basic, foundational research needed to support recovery,” said Sen. Ben Ray Luján.
Congress previously mandated annual screenings for gambling disorder in the FY2019 National Defense Authorization Act. However, without federal research funding, military and local VA clinicians lack the data and tools necessary to facilitate early intervention or provide evidence-based care.
If enacted into law, the FY26 Defense Appropriations bill would establish the first federally recognized pathway for research into gambling addiction in the military. The bill now proceeds to the full Senate for consideration.
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