Analyse by Platform of Sports Betting Market Share, Trends & Size

 Analyse by Platform of Sports Betting Market Share, Trends & Size


Summary of the Report

Global sports betting market was worth USD 76.75 million in 2021. It is expected to grow at a compound annual rate (CAGR of 10.2%) between 2022 and 2030. Factors such as the changing regulatory landscape in the gambling industry, the penetration and development of digital infrastructure, drive the demand for sports betting. Due to restrictions in sport activity in many parts of the globe, the COVID-19 pandemic had a significant impact on the sports industry. Online sports betting gained popularity due to eSports betting during the pandemic.


Every industry saw a significant change due to technology. The most affected industry was the gambling sector. Major sports betting companies worked hard to make their platforms easier and offer a more enjoyable experience. The market's growing demand for digitalization will have a significant impact on the online segment. This segment is expected to grow significantly over the forecast period. To provide new experiences and income opportunities for consumers, various governments regulate the frameworks. Eight states have now allowed sports betting since May 2018 when the Supreme Court repealed the Professional and Amateur Sports Protection Act.


Platform Insights

The online platform segment led the market in terms platform. It is expected to be the dominant market segment by the end the forecast period. This will lead to a CAGR growth rate of 12.6%. This is due to the growing use of smartphones worldwide and the internet. The global lifestyle has been affected by technological development and digitalization. Financial growth, an improvement in standard of living, as well as an increase in disposable income are all codependent factors. How To Conduct Online Sports Betting Research


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