Market revenue in 2023 | USD 91.4 billion |
Market revenue in 2030 | USD 182.1 billion |
Growth rate | 10.3% (CAGR from 2023 to 2030) |
Largest segment | Online |
Fastest growing segment | Online |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD billion |
Market segmentation | Offline, Online |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sports betting market will help companies and investors design strategic landscapes.
online was the largest segment with a revenue share of 57.88% in 2023. Horizon Databook has segmented the Global sports betting market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.
The market is witnessing new technological developments, such as game formats (daily fantasy sports and in-play sports wagering), commercial models (social casino and virtual currency), and mobile geolocation. Therefore, mobile and desktop-based betting is expected to witness rapid growth in demand as every operator provider from the betting market has a mobile application.
Furthermore, Virtual Reality (VR) is being adopted by numerous market players in the market as various operators are investing in VR technology to increase returns and enhance customer experience. Thus, technological developments are expected to boost investments in the sports betting market.
The emergence of cryptocurrencies is another hype in the sports betting industry as people can now pay for their bets using digital currencies such as bitcoin, Ethereum, crypto tokens, and several other digital coins.
Horizon Databook provides a detailed overview of global-level data and insights on the Global sports betting market , including forecasts for subscribers. This global databook contains high-level insights into Global sports betting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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