The Sports Betting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Sports Betting Market?
The size of the sports betting market has significantly expanded in recent years. The market was valued at $114.2 billion in 2024, and it is expected to increase to $124.39 billion in 2025 with a CAGR of 8.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Sports Betting Industry?
The Sports Betting Global Market Report 2025 anticipates that by 2029, the sports betting market size will reach $153.71 billion, growing at a compound annual growth rate (CAGR) of 5.4%.
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What are the Key Growth Drivers Fueling the Sports Betting Market?
The key drivers in the sports betting market are:
• Increasing focus on virtual sports betting and product innovation
• Growing adoption of 5G networks and rise in internet penetration
• Surge in mergers and acquisitions driven by urbanization
• Increasing use of technologies like AR/VR, AI, blockchain and integration of live-streaming in mobile sportsbook.
Global Market Segmentation: Identifying Major Sports Betting Industry Segments
The sports betting market covered in this report is segmented –
1) By Type: Live/In-Play, Fixed Odd Betting, Exchange Betting, Daily Fantasy, Spread Betting, Pari-Mutuel, Other Types
2) By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, E-Sports, American Football, Other Sports Types
3) By Platform: Online, Offline
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What are the Emerging Trends Shaping the Future of the Sports Betting Market?
The key trends in the sports betting market are:
• The increased focus on virtual sports betting and product innovations are shaping the future of the sports betting market.
• The adoption and development of modern technologies such as augmented reality, virtual reality, and artificial intelligence in betting platforms is an emerging trend.
• The trend towards mobile betting services and live streaming-integrated mobile sportsbook is impacting the sports betting market.
• Strategic partnerships, the use of blockchain technology, and an increase in digital connectivity due to improving 5G networks and increasing internet penetration are notable trends.
Who Are the Top Competitors & Leading Players in the Sports Betting Market?
Major companies in the sports betting market are:
• Flutter Entertainment plc
• Bet365 Group
• Entain PLS
• Caesars Entertainment
• Kindred Group plc
• Churchill Downs Incorporated
• DraftKings Inc.
• Betsson AB
• 888 Holdings
• IGT
• Dream11
• 1xBet
• 22bet
• PureWin
• 20Bet
• Sattamatka5com
• Go Winning
• Wozo Gaming
• FDJ – La Francaise des Jeux
• Betclic Everest Group
• Royal Panda
• Lapalingo
• Bet3000
• Bayes Esports
• Mail.ru Games
• Lottohelden
• FCwetten
• Sazka
• Synot Tip
• Tipsport
• winline.ru
• FanDuel Sportsbook
• BetMGM
• Barstool Sportsbook
• PointsBet
• BetRivers
• FOX Bet
• Sporttrade Inc
• SuperDraft Inc
• BetWarrior
• Bplay
• William Hill
• LSports Data
• Mostbet
• Bettilt
• Shangri La Live
• Parimatch
• NetBet
• Unibet
Regional Dominance: Which Area Leads the Global Template Market?
Western Europe was the largest region in the sports betting market in 2024
