Online Sports Betting Market Size with Top Companies 2023 | Business Growing Strategies, Regional Growth, Challenges, Competitive Dynamics, Industry Segmentation and Forecast to 2030

April 18, 2023

Online Sports Betting Market

Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Online sports betting is a kind of sports betting conducted on the internet.This report focuses on global and United States Online Sports Betting market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Online Sports Betting market size is estimated to be worth USD 41760 million in 2022 and is forecast to a readjusted size of USD 70810 million by 2028 with a CAGR of 9.2% during the review period. According to different games, the Global Online sports betting market can be divided into Soccer, American Football, Basketball, Hockey, Mixed Martial Arts and Boxing, etc. As the most popular sport in the world, Soccer has occupied the most important market in the Global Online sports betting market. Soccer is estimated to account for a revenue share nearly 50% in 2019.According to the betting channel, the Global Online sports betting market can be divided into Desktop and Mobile Devices. Mobile Devices is expected to occupy about 40% of the market share in 2019. In 2019, the Global Online Sports betting market was led by Europe and accounted about 57% of the market share. The Key players operating into Global Online sports betting Market are Bet365, Flutter Entertainment, GVC Holdings and Kindred Group, etc. Bet365 and Flutter Entertainment are the two players with the largest sales share, occupying nearly 9% and 5% of the market share in 2019, respectively.Online Sports Betting market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Online Sports Betting market will be able to gain the upper hand as they use the report as a powerful resource.

Major players covered in Online Sports Betting Market are: