The report is titled as ‘Online Sports Betting Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the online sports betting market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The online sports betting market is expected to grow at a significant rate in the near future.
The online sports betting market is expected to reach US$ 113.9 Bn by 2028 from US$ 50.4 Bn in 2020, at a CAGR of 10.8% during the forecast period of 2020 to 2028
Online Sports Betting Market Definition
In the past couple of decades, the rapidly evolving technology has transformed the setting of gambling practices and is persisting to do the same. The online sports betting industry has become a swiftly flourishing sector of the worldwide economy.
Sports betting is considered by numerous to be the simplest kind of gambling to get commenced with. Basically, when an individual is betting on sports, the major goal is to forecast the result of a sports event and wager money as per the prediction of the future events of an individual. When the prediction of the individual is true, a suitable prize is awarded, and if it is wrong, the individual loses the reward.
Online Sports Betting Market Dynamics
In the present day and age, the internet is acting as a global platform for interaction and allows merchants from all over the world to provide their services in the digital market setting. As per the statistics and latest trends, the exchange of services in the virtual space has accelerated by 28% in a year over the past decade. Also, the internet usage has escalated at a rapid pace, which resulted in an increased number of online casinos worldwide. Such factors have played a considerable role in elevating the growth of the global online sports betting market.
On top of that, people, across the globe, have become extremely aware of the fresh technologies and trends in the global markets, as well as the rise in the disposable income of the population, globally is also positively fueling the growth of the global online sports market.
In addition to that, the online casinos, online sports betting and gambling are regulated properly in order to achieve the desired credibility of the operations as well as it focuses on the investment in the information solutions that provide constant support to punters and gamblers around the world and prevent any kind of unlawful activities.
Other than that, several online casinos, in present times, are providing a free play session of some of their activities and games, which is further developing growth opportunities for the market. Attributing to which, the global online sports betting market is expected to grow substantially in the coming years.
Online Sports Betting Market Segmentation
The global online sports betting market is segmented on the basis of type, device, and region. The type segment of the online sports betting market is divided into sports betting, casinos, poker, bingo, and others. Furthermore, the device segment is divided into desktop, mobile, and others.
Online Sports Betting Market Key Players
The global online sports betting market is dominated by William Hill PLC, Bet365 Group Ltd., Paddy Power Betfair PLC, Betsson AB, Ladbrokes Coral Group PLC, The Stars Group Inc., 888 Holdings PLC, Sky Betting and Gaming, Kindred Group PLC, GVC Holdings PLC, among others.
MMC Overview on Online Sports Betting Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the online sports betting market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Online Sports Betting
Advantages of Online Sports Betting
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Online Sports Betting Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Online Sports Betting Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Online Sports Betting Market Snapshot
2.4. Global Online Sports Betting Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Online Sports Betting Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Online Sports Betting Assessment and Analysis
3.1. Online Sports Betting Impact Analysis
3.2. Actions to encourage use of Online Sports Betting
4. Covid-19 Impact on Online Sports Betting Market
5. Global Online Sports Betting Market, By Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Type
5.1.2. BPS Analysis, By Type
5.2. Market Revenue (US$ Mn) and Forecast, By Type
5.2.1. Sports Betting
5.2.2. Casinos
5.2.3. Poker
5.2.4. Bingo
5.2.5. Others
5.3. Global Online Sports Betting Market Attractiveness Index, By Type
6. Global Online Sports Betting Market, By Devices
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Devices
6.1.2. BPS Analysis, By Devices
6.2. Market Revenue (US$ Mn) and Forecast, By Devices
6.2.1. Desktop
6.2.2. Mobiles
6.2.3. Others
6.3. Global Online Sports Betting Market Attractiveness Index, By Devices
7. Global Online Sports Betting Market, By Region
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Region
7.1.2. BPS Analysis, By Region
7.2. Market Revenue (US$ Mn) and Forecast, By Region
7.2.1. North America
7.2.2. Latin America
7.2.3. Europe
7.2.4. Asia Pacific
7.2.5. Middle East
7.2.6. Africa
7.3. Global Online Sports Betting Market Attractiveness Index, By Region
8. North America Online Sports Betting Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market Revenue (US$ Mn) and Forecast, By Country
8.2.1. U.S. Online Sports Betting Market
8.2.2. Canada Online Sports Betting Market
8.3. North America Online Sports Betting Market, By Type
8.3.1. Sports Betting
8.3.2. Casinos
8.3.3. Poker
8.3.4. Bingo
8.3.5. Others
8.4. North America Online Sports Betting Market Revenue (US$ Mn) and Forecast, By Devices
8.4.1. Desktop
8.4.2. Mobiles
8.4.3. Others
8.5. North America Online Sports Betting Market Attractiveness Index
8.5.1. By Country
8.5.2. By Type
8.5.3. By Devices
9. Latin America Online Sports Betting Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$ Mn) Forecast, By Country
9.2.1. Brazil Online Sports Betting Market
9.2.2. Mexico Online Sports Betting Market
9.2.3. Rest of Latin America Online Sports Betting Market
9.3. Latin America Online Sports Betting Market, By Type
9.3.1. Sports Betting
9.3.2. Casinos
9.3.3. Poker
9.3.4. Bingo
9.3.5. Others
9.4. Latin America Online Sports Betting Market Revenue (US$ Mn) and Forecast, By Devices
9.4.1. Desktop
9.4.2. Mobiles
9.4.3. Others
9.5. Latin America Online Sports Betting Market Attractiveness Index
9.5.1. By Country
9.5.2. By Type
9.5.3. By Devices
10. Europe Online Sports Betting Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$ Mn) Forecast, By Country
10.2.1. U.K. Online Sports Betting Market
10.2.2. Germany Online Sports Betting Market
10.2.3. Italy Online Sports Betting Market
10.2.4. France Online Sports Betting Market
10.2.5. Spain Online Sports Betting Market
10.2.6. Russia Online Sports Betting Market
10.2.7. Rest of Europe Online Sports Betting Market
10.3. Europe Online Sports Betting Market, By Type
10.3.1. Sports Betting
10.3.2. Casinos
10.3.3. Poker
10.3.4. Bingo
10.3.5. Others
10.4. Europe Online Sports Betting Market Revenue (US$ Mn) and Forecast, By Devices
10.4.1. Desktop
10.4.2. Mobiles
10.4.3. Others
10.5. Europe Online Sports Betting Market Attractiveness Index
10.5.1. By Country
10.5.2. By Type
10.5.3. By Devices
11. Asia Pacific Online Sports Betting Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$ Mn) Forecast, By Country
11.2.1. China Online Sports Betting Market
11.2.2. India Online Sports Betting Market
11.2.3. Japan Online Sports Betting Market
11.2.4. Australia and New Zealand Online Sports Betting Market
11.2.5. South Korea Online Sports Betting Market
11.2.6. Rest of Asia Pacific Online Sports Betting Market
11.3. Asia Pacific Online Sports Betting Market, By Type
11.3.1. Sports Betting
11.3.2. Casinos
11.3.3. Poker
11.3.4. Bingo
11.3.5. Others
11.4. Asia Pacific Online Sports Betting Market Revenue (US$ Mn) and Forecast, By Devices
11.4.1. Desktop
11.4.2. Mobiles
11.4.3. Others
11.5. Asia Pacific Online Sports Betting Market Attractiveness Index
11.5.1. By Country
11.5.2. By Type
11.5.3. By Devices
12. Middle East Online Sports Betting Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$ Mn) Forecast, By Country
12.2.1. GCC Countries Online Sports Betting Market
12.2.2. Israel Online Sports Betting Market
12.2.3. Rest of Middle East Online Sports Betting Market
12.3. Middle East Online Sports Betting Market, By Type
12.3.1. Sports Betting
12.3.2. Casinos
12.3.3. Poker
12.3.4. Bingo
12.3.5. Others
12.4. Middle East Online Sports Betting Market Revenue (US$ Mn) and Forecast, By Devices
12.4.1. Desktop
12.4.2. Mobiles
12.4.3. Others
12.5. Middle East Online Sports Betting Market Attractiveness Index
12.5.1. By Country
12.5.2. By Type
12.5.3. By Devices
13. Africa Online Sports Betting Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$ Mn) Forecast, By Country
13.2.1. South Africa Countries Online Sports Betting Market
13.2.2. Egypt Online Sports Betting Market
13.2.3. North Africa Online Sports Betting Market
13.2.4. Rest of Africa Online Sports Betting Market
13.3. Africa Online Sports Betting Market, By Type
13.3.1. Sports Betting
13.3.2. Casinos
13.3.3. Poker
13.3.4. Bingo
13.3.5. Others
13.4. Africa Online Sports Betting Market Revenue (US$ Mn) and Forecast, By Devices
13.4.1. Desktop
13.4.2. Mobiles
13.4.3. Others
13.5. Africa Online Sports Betting Market Attractiveness Index
13.5.1. By Country
13.5.2. By Type
13.5.3. By Devices
14. Competitive Landscape
14.1. Company Profiles
14.1.1. William Hill PLC
14.1.1.1. Company Overview
14.1.1.2. Financial Overview
14.1.1.3. Key Developments
14.1.1.4. Strategies
14.1.1.5. Product Portfolio
14.1.2. Bet365 Group Ltd.
14.1.3. Paddy Power Betfair PLC
14.1.4. Betsson AB
14.1.5. Ladbrokes Coral Group PLC
14.1.6. The Stars Group Inc.
14.1.7. 888 Holdings PLC
14.1.8. Sky Betting and Gaming
14.1.9. Kindred Group PLC
14.1.10. GVC Holdings PLC
15. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The online sports betting market is expected to reach US$ 113.9 Bn by 2028 from US$ 50.4 Bn in 2020, at a CAGR of 10.8% during the forecast period of 2020 to 2028
What are the key factors driving the growth of market?
increased number of online casinos worldwide, awareness regarding the fresh technologies and trends in the global markets are the key factors driving the growth of market
What segments are covered in market report?
The global online sports betting market is segmented on the basis of type, device, and region
What are the key participating players in the market?
William Hill PLC, Bet365 Group Ltd., Paddy Power Betfair PLC, Betsson AB, Ladbrokes Coral Group PLC, The Stars Group Inc., 888 Holdings PLC, Sky Betting and Gaming, Kindred Group PLC, GVC Holdings PLC are the key participating players in the market
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