Global Sports Betting Market Size & Outlook, 2023-2030
Global sports betting market, 2018-2030 (US$B)
Related Markets
Global sports betting market highlights
- The global sports betting market generated a revenue of USD 91.4 billion in 2023 and is expected to reach USD 182.1 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.3% by 2030.
- In terms of segment, online accounted for a revenue of USD 52.9 billion in 2023.
- Online is the most lucrative platform segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 17.3% of the global sports betting market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 7.3 billion by 2030.
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Sports Betting Market Scope
Sports Betting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sports betting market outlook
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.
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Target buyers of Global sports betting market databook
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Our clientele includes a mix of sports betting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
Partial client list
Global sports betting market size, by region, 2018-2030 (US$B)
Top 10 countries by Sports Betting Market revenue, 2023 (US$B)
Global sports betting market share, by platform, 2023 & 2030 (%, US$B)
Sports betting market: Opportunity assessment by country
Global sports betting market, by region, 2023 (US$B)
Related regional statistics
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