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Sports Betting Market Surpass Worth $140.26 Billion By 2028: CAGR 10.5% Report by DBMR

The sports betting market is expected to witness market growth at a rate of 10.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on sports betting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of sports betting market.

The premium Sports Betting Market report compiles exhaustive information acquired through proven research methodologies and from dedicated sources across several industries. The report gives insightful analyses of the market and has a comprehensive understanding of the commercial landscape. This market analysis report assesses the production processes, major issues, and solutions to mitigate the development risk. This market report puts forth an absolute overview of the market that contains various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape. The winning Sports Betting Market report aids in understanding the future outlook and prospects for the Sports Betting Market industry.

The large scale Sports Betting Market survey report brings into focus a comprehensive evaluation of the market’s growth prospects and restrictions. In addition, market share analysis as well as key trend analysis is the main accomplishing factors in this market report. All of these industry insights of this global market research report will lead to actionable ideas and better decision-making. With the market report, it becomes easy to collect industry information more quickly. This market research report has several benefits which can be projected to wide-ranging aspects of Sports Betting Market industry. According to Sports Betting Market analysis report, the market is expected to grow across various geographic regions.

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Key Companies & Market Share Insights

The competitive landscape of the market is fragmented, featuring several global as well as regional players. The key participants are entering into strategic collaborations, partnerships, and mergers & acquisitions to expand their business footprint and survive the highly competitive environment. Moreover, service providers are spending considerably on research & development activities to incorporate new technologies in their offerings and develop advanced products to gain a competitive advantage over other market players.

For instance, in October 2019, Flutter Entertainment Plc announced the acquisition of The Stars Group, a Toronto, Canada-based online gambling company. The acquisition was completed for USD 6.95 billion. As a part of this acquisition, Fox Corporation, the Stars Group’s minority stakeholder, acquired a 2.6% stake in Flutter Entertainment Plc.

Some prominent players in the global sports betting market include:

  • 888 Holdings Plc
  • Bet365
  • Betsson AB
  • Churchill Downs Incorporated
  • Entain plc
  • Flutter Entertainment Plc
  • IGT
  • Kindred Group Plc
  • Sportech Plc
  • William Hill Plc

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global sports betting market report on the basis of platform, type, sports type, and region:

  • Platform Outlook (Revenue, USD Billion, 2016 – 2028)
    • Offline
    • Online
  • Type Outlook (Revenue, USD Billion, 2016 – 2028)
    • Fixed Odds Wagering
    • Exchange Betting
    • Live/In Play Betting
    • Pari-mutuel
    • eSports Betting
    • Others
  • Sports Type Outlook (Revenue, USD Billion, 2016 – 2028)
    • Football
    • Basketball
    • Baseball
    • Horse Racing
    • Cricket
    • Hockey
    • Others
  • Regional Outlook (Revenue, USD Billion, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa

Global Sports Betting Market Dynamics

The global sports betting market is primarily driven by the growing population betting in this market. This is due to the easy earning of money, the rising number of sports betting apps that provide easy betting guidelines and a rising inclination of youth across the world in the betting industry. After the COVID-19 pandemic (2020), the sports betting industry is coming on track with all the postponed or canceled events restarting in 2021. Thus, a huge rise in the market was witnessed in the year. Besides, large-scale advertising on sport betting apps has also driven a huge amount of crowds to start betting in the industry.

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About Data Bridge Market Research:

Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

We provide a variety of services such as market verified industry reports, technology trend analysis, Formative market research, strategic consulting, vendor analysis, production and demand analysis, consumer impact studies among many others.

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