Recreation Industry Overview

The sports betting market consists of sales of sports betting services by entities (organizations, sole traders, and partnerships) that refer to both online and offline sports betting platforms used for earning profits by predicting the outcome of a sporting event. Sports betting is a type of gambling in which bets are placed on certain sporting events, for a winning amount if the player or a team betted wins the particular event. It is the process of placing wagers on the outcome of a sports event. The main types of sports betting are line-in play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel and other types. Line-in play refers to a type of wager in which the bookmaker or sportsbook determines the favored and underdog teams in a match by setting gambling odds. The sports segment includes football, basketball, baseball, horse racing, cricket, hockey and other sports depending on the type of betting. Further, the platform is segmented into online and offline depending on the place of betting. The global sports betting market size is expected to grow from $89.65 billion in 2021 to $99.20 billion in 2022 at a compound annual growth rate (CAGR) of 10.64%. The global sports betting market size is expected to reach $144.34 billion in 2026 at a CAGR of 9.83%. The increase in the number of sports leagues and events is expected to propel the growth of the sports betting market. A sports league or an event is a group of clubs, countries, associations, or people trying to compete with each other in a game for a championship or a title. These leagues are planned to happen in a particular schedule or during a particular season, in which all the teams or members are required to participate to name an overall champion of the event or league. For instance, according to a study published by Wire, currently, more than 100 professional leagues in various sports are active across the globe. The establishments of new professional sports leagues across the globe are providing customers with the opportunity to diversify their betting expenditures. Therefore, the growing sports leagues and events are driving the growth of the sports betting market. Implementation of AI and blockchain in sports betting applications is a key trend gaining popularity in the sports betting services market. Sport betting applications are increasingly adopting blockchain technologies to accurately automate real-time data using smart contracts, which help sports betting in payment, bet confirmations, past event analytics, monitoring and event recording. For instance, in May 2021, Bitgame, a Poland-based sports betting platform operator, launched a new website on a sports betting platform powered by blockchain technology. The new website merged blockchain-secured cryptocurrency with sports betting to provide a seamless and interactive experience to customers. In September 2021, Endeavor Group Holdings Inc, a US-based entertainment and sports company acquired OpenBet from Scientific Games, for US$1.2 billion through a combination of cash ($1 billion) and Endeavor’s Class A common stock ($200 million). Through this acquisition, Endeavor's position in the sports betting ecosystem will strengthen, which is presently led by IMG ARENA, which collaborates with over 470 prominent sportsbook companies across the world to provide official live streaming video and data feeds for over 45,000 sports events each year. OpenBet is a UK-based sport betting entertainment company. Major players in the sports betting market are 888 Holdings Plc, Bet365, Betsson AB, Churchill Downs Incorporated, Flutter Entertainment Plc, Kindred Group Plc, Sportech Plc, William Hill, DraftKings, The Stars Group Inc, BetAmerica, Webis Holdings Plc, Gala Coral, Bet-at-home, FanDuel, Betfred, Ladbrokes, Entain plc, IGT, TVG, Twinspires, Watch and Wager, Bwin, and Unibet. Western Europe was the largest region in the sports betting market in 2021. The regions covered in the global sports betting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global sports betting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global sports betting market is segmented - 1) By Type: Line-in-play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Other Types 2) By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Other Sports Types 3) By Platform: Online, Offline

Gambling Market Definition

The gambling market consists of sales of gambling services and related goods by entities (organizations, sole traders and partnerships) that operate gambling facilities, such as casinos, bingo halls, video gaming terminals, lotteries, and off-track sports betting. Gambling is the act of wagering money or something of value on an event with an uncertain outcome that is not under the gambler's control, with an intent of winning something else of value, often money. Bingo parlors, coin-operated gambling device concession operators, bookmakers, lottery ticket sales agents, and card rooms are included in the gambling market. The gambling market also includes sales of gambling services and related goods by entities that operate casino hotels.

Online Gambling Market Definition

The online gambling market consists of sales of gambling activities on the internet by entities (organizations, sole traders or partnerships) that operate online gambling facilities such as online casinos, online bingo, online lotteries, online poker, and online video games and sports betting, among others. These services allow the users to wager real time money while playing remotely or from any location in the world. The online gambling market includes sales of gambling services on different devices such as mobile, desktop and others. Online gambling is any kind of gambling activities, whereby players wager something of value on an uncertain event or game, with the possibility of winning something else of value, that are conducted over the internet, with users participating through mobile devices, desktop, and others. Gambling operations normally operate at a ‘win ratio’ of between 2 and 10% (amount wagered- amount won/ amount wagered) although this varies considerably according to the type of gambling activity. Though online gambling is restricted in many countries, a few states in the USA, and many European Union countries allow online gambling activities.

Independent Artists And Performing Art Companies Market Definition

The independent artists and performing art companies services market consists of sales of independent artists and performing art companies’ services and related goods by entities (organizations, sole traders and partnerships) that are involved in performing in artistic productions, creating artistic and cultural works, and providing the technical expertise necessary for these productions. The providers include independent actors, authors, cameramen, choreographers, costume designers, dancers, music directors, musicians, speakers, and writers among others. The market also includes some of the applied art forms such as industrial design, graphic design, fashion design, interior design and decorative art. The visual art forms are used in advertisements, commercial prints, labels, and cartographic works, such as maps, globes, relief models.

The recreation market consists of sales of the use of recreational facilities, and recreational services and related goods by entities (organizations, sole traders and partnerships) that provide recreational services. Recreational activities include taking part in sporting activities and visiting museums, historical sites, zoos and parks and also witnessing spectator sports and events. Gambling except casino hotels can also be considered to be part of the recreation market. The main types of recreation are amusements, arts and sports. Sports services provide live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness and recreational sports centers, and bowling centers. The different age groups include aged 35 and younger, aged 35-54, aged 55 and older and involves various revenue sources such as media rights, merchandising, tickets and sponsorship. The global recreation market size is expected to grow from $960.66 billion in 2021 to $1485.79 billion in 2022 at a compound annual growth rate (CAGR) of 54.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The recreation market is expected to reach $2557.38 billion in 2026 at a CAGR of 14.5%. The recreation market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.2% in 2019 and 3.5% in 2020. Recovering commodity prices further expected to aid the recreation market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, India's GDP grew by 7.2%, whereas China registered GDP growth of 6.0% in 2020. Stable economic growth is expected to in end user markets, thereby driving the market during forecast period. This continued economic growth is expected to increase investments in the end user markets and be a driver of the recreation market as greater affluence allows consumers to visit recreation centers. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the recreation market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in closure of recreational facilities such as amusement parks, museums and casinos with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the recreation market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Amusement parks are increasingly using virtual and augmented reality technology to provide an immersive experience to customers. Virtual reality is a 3D, computer generated environment which can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium has a new virtual reality wooden roller coaster called Heidi The Ride, which can reach speeds of more than 43 mph. Amusement park SeaWorld has started operating a new Kraken Virtual Reality Roller Coaster in Orlando. The Weave Breaker coaster brings the reality of jet skiing in an amusement park. Universal Studios have The Walking Dead mazes with augmented reality elements. Major companies in the recreation market include China Sports Lottery, China Welfare Lottery, The Walt Disney Company, Sociedad Estatal Loterías y Apuestas del Estado S.A., Maruhan, Flutter Entertainment plc, The Hong Kong Jockey Club, Tabcorp Holdings Ltd., CJ Corp and Oriental Land Company Ltd. Asia Pacific was the largest region in the recreation market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the recreation market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the recreation market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global recreation market is segmented - 1) By Type: Amusements, Arts, Sports 2) By Age Group: Aged 35 and Younger, Aged 35-54, Aged 55 and Older 3) By Revenue Source: Media Rights, Merchandising, Tickets and Sponsorship Subsegments Covered: Amusement Parks, Gambling, Museums, Historical Sites, Zoos, and Parks, Independent Artists and Performing Art Companies, Sports and Arts Promoters, Spectator Sports, Participatory Sports

The arts market consists of sales of arts services and related goods by entities (organizations, sole traders and partnerships) that operate facilities or provide services for cultural, entertainment and recreational interests such as producing live performances or events and preserving and exhibiting objects of the art-related interests of patrons. Revenues in this market include entry fees to theatres and art galleries and royalties. The main types of arts services are museums, historical sites, zoos, and parks, independent artists and performing art companies and sports and arts promoters. Sports and arts promoters organize, promote, and manage live performing arts productions, sports events and other events such as state fairs, county fairs, agricultural fairs, concerts, and festivals; and manage and provide the staff to operate arenas, stadiums, theaters or other related facilities for rent to other promoters. The different revenue sources include media rights, merchandising, tickets, sponsorship and is used by individuals, companies, others. The global arts market size is expected to grow from $275.58 billion in 2021 to $455.37 billion in 2022 at a compound annual growth rate (CAGR) of 65.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The arts market is expected to reach $795.63 billion in 2026 at a CAGR of 15%. Art organizers are using augmented reality (AR) technology to create real world experience for customers. Augmented reality is the integration of digital information with the user's environment in real time. Museums and zoos are now using augmented reality as a tool to educate and entertain the audience by creating a visual tour guide and displaying 3D content in a real-world camera view. For instance, Cleveland Museum of Art is using augmented reality technology to let users interact and access the most current and comprehensive information about every piece of artwork in the museum. In Acropolis Museum in Athens, Greece, the team used AR technology to bring a collection of architectural and sculptural remains to life. Independent formats are offering new platforms for new talent to promote their music. Since music recording companies are often averse to taking risks with new talent, artists are making use of social media and music streaming platforms and are taking charge of their own personal marketing and distribution. Social media platforms have created a new means of connectivity and marketing opportunity for the artists. For instance, iTunes, Spotify, Pandora, and YouTube are some platforms widely being used by music artists to promote their work. Major companies in the arts market include CJ Corp, Live Nation Entertainment, Inc., Cineworld Group plc, AMC Entertainment Holdings, Inc., Smithsonian Institution, Washington, D.C., Cinemark Holdings, Inc., Madison Square Garden Company, PVR Limited, The Metropolitan Opera Association and The State Hermitage Museum. Asia Pacific was the largest region in the arts market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the arts market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the arts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global arts market is segmented - 1) By Type: Museums, Historical Sites, Zoos, and Parks, Independent Artists and Performing Art Companies, Sports and Arts Promoters 2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship 3) By End-User: Individuals, Companies, Others Subsegments Covered: Museums, Historical Sites, Zoos and Botanical Gardens, Nature Parks and Other Similar Institutions, Visual Arts, Performing Arts, Sports Promoters, Arts Promoters

The museums, historical sites, zoos, and parks services market consists of sales of museum, historical site, zoo, and park services and related goods by entities (organizations, sole traders and partnerships) that conserve and exhibit objects of historical value, archaeological sites, live plant and animal life displays, and natural areas or settings. The main types of museums, historical sites, zoos, and parks are museums, historical sites, zoos & botanical gardens, nature parks and other similar institutions. A museum is a structure or institution that houses and exhibits artefacts and other things of aesthetic, cultural, historical, or scientific significance. The various sources of revenue include tickets, food and beverages and others. The men and female of different age groups such as below 25 years, 25 to 39 years, 40 to 59 years, 60 to 74 years, 75 years and above are the visitors of the museums, historical sites, zoos, and parks. The global museums, historical sites, zoos, and parks market size is expected to grow from $37.95 billion in 2021 to $62.10 billion in 2022 at a compound annual growth rate (CAGR) of 63.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The museums, historical sites, zoos, and parks services market is expected to reach $135.34 billion in 2026 at a CAGR of 21.5%. Art organizers, museums and zoos are using augmented reality (AR) technology to create real world experience for customers. Augmented reality is the integration of digital information with the user’s environment in real time. Museums and zoos are now using augmented reality as a tool to educate and entertain the audience by creating a visual tour guide and displaying 3D content in a real-world camera view. For instance, Cleveland Museum of Art is using augmented reality technology to let users interact and access the most current and comprehensive information about every piece of artwork in the museum. In Acropolis Museum in Athens, Greece, the team used AR technology to bring a collection of architectural and sculptural remains to life. Prerecorded audio guides are being widely used in museums and art galleries as a replacement to conventional guides allowing the visitors interact with additional, enhanced and unbiased information. Visitors are provided with multimedia content transmitters such as headsets, earphones or headphones and audio guides with pre-recorded audio files in the language opted. These audio guides act as additional revenue streams for the organizers and are available in different languages and translated versions that can be used anytime by a large number of people. These museum audio guides help to enhance visitor engagement, improve accessibility, and provide additional and accurate information aiming to educate visitors with unbiased characteristics. Louvre Museum, France, with its 8 million visitors every year has introduced audio guides to interact content about the pieces of art. Other museums offering visitors with prerecorded audio guides are British Museum in England, San Francisco Museum of Modern Art, and Auckland War Memorial Museum in New Zealand. Major companies in the museums, historical sites, zoos, and parks market include Smithsonian Institution, Washington, D.C., The State Hermitage Museum, Krusger, Zoological Garden of Berlin, The American Museum of Natural History, National Museum of China and British Museum. North America was the largest region in the museums, historical sites, zoos, and parks market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the museums, historical sites, zoos, and parks market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the museums, historical sites, zoos, and parks market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global museums, historical sites, zoos, and parks market is segmented - 1) By Type: Museums, Historical Sites, Zoos and Botanical Gardens, Nature Parks and Other Similar Institutions 2) By Revenue Source: Tickets, Food and Beverages, Others 3) By Visitor Age Group: Below 25 Years, 25 to 39 Years, 40 to 59 Years, 60 to 74 Years, 75 Years and Above 4) By Visitor Sex: Male, Female

The independent artists and performing art companies services market consists of sales of independent artists and performing art companies’ services and related goods by entities (organizations, sole traders and partnerships) that are involved in performing in artistic productions, creating artistic and cultural works, and providing technical expertise necessary for these productions. The providers also include athletes and others that endorse products, including independent actors, authors, cameramen, choreographers, costume designers, dancers, music directors, speakers, and writers. The main types of independent artists and performing art companies are performing arts and visual arts. Performing arts companies are businesses that primarily produce live performances by actors and actresses, singers and dancers, musical groups and artists, and other performing artists. The various end users include individual users, commercial users, others. The global independent artists and performing art companies market size is expected to grow from $101.33 billion in 2021 to $163.14 billion in 2022 at a compound annual growth rate (CAGR) of 61%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The independent artists and performing art companies services market is expected to reach $328.87 billion in 2026 at a CAGR of 19%. Performing arts companies are partnering with military and veterans organizations, urban equity programs, and businesses to address social issues. These partnerships allow them to achieve their mutual goals of building audiences, cutting costs and addressing homelessness, hunger, and other social issues. For instance, in Miami, design, tourism and business leaders, and zoo management collaborated through the Miami Dade County Department of Cultural Affairs to change the course of the addressed issues through government policies. Major companies in the independent artists and performing art companies market include CJ Corp, Cineworld Group plc, AMC Entertainment Holdings, Inc., Cinemark Holdings, Inc., PVR Limited, The Metropolitan Opera Association, Cineplex Inc, Kinepolis Group NV, Village Roadshow Ltd., and INOX Leisure Limited. Asia Pacific was the largest region in the independent artists and performing art companies market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the independent artists and performing art companies market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the independent artists and performing art companies market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global independent artists and performing art companies market is segmented - 1) By Type: Performing Arts, Visual Arts 2) By End User: Individual Users, Commercial Users, Others Subsegments Covered: Theater Companies and Dinner Theaters, Dance Companies, Musical Groups and Artists, Other Performing Arts Companies