The global sports betting market size was valued at USD 66.98 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2021 to 2028. Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting
Global Sports Betting Market was valued at US$ 21.9 Bn in 2019 and is expected to reach 45.6 Bn by 2027, at a CAGR of 9.98 % during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments.
The overall online betting market in India is growing at a rapid rate of 20% per year, and as the lion’s share of this growth is happening in the cricket betting market - well, as you can guess ...
Globally, revenue generated by the sports betting market is estimated to reach ~ US$ 261 Bn in 2019, and expand at a CAGR of ~ 11% in terms of value throughout the forecast period. Sports Betting Market: Rising Adoption of Internet-based Devices a Key Driver
And the UK is said to be the birthplace of cricket betting and is one of the largest markets that is expected to register notable growth in the coming cricket leagues. Given the estimated of 2012, it was near 2 Billion, now it could be easily around 15to 20 Billion with the popularity and the increase in the use of tablets and mobiles.
Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
The market size of the sports industry across India, especially for companies like Cricket-Betting.in who provide live tips and bets, makes India a lucrative location to operate in. Internet and mobile phone usage in India are growing at a substantial rate.
However, to give you an idea of the sheer size of the Indian sports betting market, consider the following: In 2018, the Thane anti-extortion cell (AEC) estimated that ₹6,000 crore was wagered in Mumbai alone during the 2018 Indian Premier League (IPL), which illustrates the amount of money being bet.
About Sports Betting:Sports betting is a type of gambling activity that involves predicting the outcome of a sports activity and placing wagers accordingly. Covered in this report:The report covers the present scenario and the growth prospects of the global sports betting market for 2018-2022. To calculate the market size, the report considers ...