Global Sports Betting
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Sports Betting market size will be $587.57 Billion by 2030. Sports Betting Industry's Compound Annual Growth Rate will be 11.49% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Sports Betting market size will be $587.57 Billion by 2030. Sports Betting Industry's Compound Annual Growth Rate will be 11.49% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Sports Betting Market Sales Revenue | $ 66.185 Billion | $ 101.2 Billion | $ 236.602 Billion | 11.2% |
North America Sports Betting Market Sales Revenue | $ 15.487 Billion | $ 23.224 Billion | $ 52.237 Billion | 10.663% |
United States Sports Betting Market Sales Revenue | $ 11.879 Billion | $ 17.72 Billion | $ 39.595 Billion | 10.572% |
Canada Sports Betting Market Sales Revenue | $ 2.215 Billion | $ 3.391 Billion | $ 7.837 Billion | 11.039% |
Mexico Sports Betting Market Sales Revenue | $ 1.394 Billion | $ 2.113 Billion | $ 4.806 Billion | 10.815% |
Europe Sports Betting Market Sales Revenue | $ 24.158 Billion | $ 37.131 Billion | $ 88.089 Billion | 11.403% |
United Kingdom Sports Betting Market Sales Revenue | $ 4.252 Billion | $ 6.46 Billion | $ 14.972 Billion | 11.078% |
Germany Sports Betting Market Sales Revenue | $ 5.146 Billion | $ 8.021 Billion | $ 19.471 Billion | 11.724% |
France Sports Betting Market Sales Revenue | $ 3.261 Billion | $ 4.901 Billion | $ 11.448 Billion | 11.189% |
Italy Sports Betting Market Sales Revenue | $ 2.464 Billion | $ 3.833 Billion | $ 9.288 Billion | 11.7% |
Russia Sports Betting Market Sales Revenue | $ 2.295 Billion | $ 3.547 Billion | $ 8.46 Billion | 11.479% |
Spain Sports Betting Market Sales Revenue | $ 2.029 Billion | $ 3.305 Billion | $ 7.923 Billion | 11.547% |
Sweden Sports Betting Market Sales Revenue | $ 0.604 Billion | $ 0.92 Billion | $ 2.155 Billion | 11.222% |
Denmark Sports Betting Market Sales Revenue | $ 0.387 Billion | $ 0.582 Billion | $ 1.353 Billion | 11.117% |
Switzerland Sports Betting Market Sales Revenue | $ 0.411 Billion | $ 0.616 Billion | $ 1.432 Billion | 11.132% |
Luxembourg Sports Betting Market Sales Revenue | $ 0.435 Billion | $ 0.68 Billion | $ 1.624 Billion | 11.494% |
Rest of Europe Sports Betting Market Sales Revenue | $ 2.875 Billion | $ 4.266 Billion | $ 9.963 Billion | 11.184% |
Asia Pacific Sports Betting Market Sales Revenue | $ 13.303 Billion | $ 21.862 Billion | $ 57.083 Billion | 12.746% |
China Sports Betting Market Sales Revenue | $ 4.63 Billion | $ 7.762 Billion | $ 20.724 Billion | 13.062% |
Japan Sports Betting Market Sales Revenue | $ 2.581 Billion | $ 4.219 Billion | $ 10.899 Billion | 12.597% |
India Sports Betting Market Sales Revenue | $ 2.182 Billion | $ 3.783 Billion | $ 10.335 Billion | 13.387% |
South Korea Sports Betting Market Sales Revenue | $ 1.131 Billion | $ 1.683 Billion | $ 4.107 Billion | 11.798% |
Australia Sports Betting Market Sales Revenue | $ 0.519 Billion | $ 0.866 Billion | $ 2.304 Billion | 13.004% |
Singapore Sports Betting Market Sales Revenue | $ 0.466 Billion | $ 0.756 Billion | $ 1.955 Billion | 12.611% |
South East Asia Sports Betting Market Sales Revenue | $ 0.918 Billion | $ 1.49 Billion | $ 3.821 Billion | 12.49% |
Taiwan Sports Betting Market Sales Revenue | $ 0.306 Billion | $ 0.485 Billion | $ 1.195 Billion | 11.944% |
South America Sports Betting Market Sales Revenue | $ 4.17 Billion | $ 5.785 Billion | $ 11.22 Billion | 8.633% |
Brazil Sports Betting Market Sales Revenue | $ 1.601 Billion | $ 2.245 Billion | $ 4.388 Billion | 8.739% |
Argentina Sports Betting Market Sales Revenue | $ 0.805 Billion | $ 1.128 Billion | $ 2.2 Billion | 8.706% |
Colombia Sports Betting Market Sales Revenue | $ 0.317 Billion | $ 0.437 Billion | $ 0.835 Billion | 8.445% |
Peru Sports Betting Market Sales Revenue | $ 0.288 Billion | $ 0.391 Billion | $ 0.745 Billion | 8.383% |
Chile Sports Betting Market Sales Revenue | $ 0.284 Billion | $ 0.385 Billion | $ 0.743 Billion | 8.564% |
Rest of South America Sports Betting Market Sales Revenue | $ 0.876 Billion | $ 1.199 Billion | $ 2.308 Billion | 8.537% |
Middle East Sports Betting Market Sales Revenue | $ 3.508 Billion | $ 5.025 Billion | $ 10.387 Billion | 9.502% |
Saudi Arabia Sports Betting Market Sales Revenue | $ 1.315 Billion | $ 1.874 Billion | $ 3.841 Billion | 9.386% |
Turkey Sports Betting Market Sales Revenue | $ 0.681 Billion | $ 0.985 Billion | $ 2.089 Billion | 9.851% |
UAE Sports Betting Market Sales Revenue | $ 0.361 Billion | $ 0.528 Billion | $ 1.123 Billion | 9.895% |
Egypt Sports Betting Market Sales Revenue | $ 0.333 Billion | $ 0.475 Billion | $ 0.978 Billion | 9.451% |
Qatar Sports Betting Market Sales Revenue | $ 0.284 Billion | $ 0.404 Billion | $ 0.831 Billion | 9.442% |
Rest of Middle East Sports Betting Market Sales Revenue | $ 0.533 Billion | $ 0.759 Billion | $ 1.525 Billion | 9.112% |
Africa Sports Betting Market Sales Revenue | $ 5.56 Billion | $ 8.173 Billion | $ 17.587 Billion | 10.053% |
Nigeria Sports Betting Market Sales Revenue | $ 1.234 Billion | $ 1.809 Billion | $ 3.879 Billion | 10.005% |
South Africa Sports Betting Market Sales Revenue | $ 2.407 Billion | $ 3.556 Billion | $ 7.705 Billion | 10.149% |
Rest of Africa Sports Betting Market Sales Revenue | $ 1.918 Billion | $ 2.808 Billion | $ 6.002 Billion | 9.96% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Sport Betting |
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Market Split by Betting Type |
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Market Split by Sports Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Sports Betting industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Sports Betting Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Sports betting can easily be defined as one of the most widely-spread forms of gambling. In general terms, sports’ betting is placing a wager, commonly referred to as a bet, on the outcome of a particular sports event. It dates back hundreds of years ago, although it is difficult to trace back exactly where and when it all started. It’s safe to say people have been wagering on the results of sports events ever since the latter came to be recognized as such. Some suggest bets were placed for the first time in Ancient Greece, while others insist there is evidence of similar betting activities even before that. Today, sports’ betting has achieved the status of a favorite pastime of millions of sports fans around the world. It generates mind-boggling revenues. With the advent of online bookmakers, it’s easier than ever to place a bet on favorite sport without having to leave home. Bets can be placed on all kinds of sports ranging from popular options like football and basketball to horse or greyhounds racings. Placing bets on sports, both offline and online, is considered legal in most countries throughout the globe. If you’re looking for an online betting destination, you should first make sure you bet at a legitimate web-based sports bookmaker. Usually, legit bookmakers stand out with greater transparency and openly display their license numbers, as well as the names of the authorities and commissions which regulate them. Keep in mind different jurisdictions impose different regulatory practices, some are stricter than others and vice versa. This naturally is reflected in the betting operators’ fairness to punters. Many online bookmakers welcome punters from countries where such activities are deemed illegal. Their argument for doing so is that since they’re based and licensed in jurisdictions where online betting is legal, they are not breaking the law. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and illegal, underground cockfighting.
The mobile-phone market has changed from a new purchase market to a replacement market when it is matured. At the same time, smartphones come into the spotlight as an alternative to feature phones in the mobile-phone market. Since the characteristics of ‘smartphones’ are greatly different from those of ‘feature phones’ in that more technologies are incorporated and more functionalities are provided to users by smartphones, factors that can affect the adoption of smartphones and feature phones might not be the same.
Some 87% of smartphone owners access the internet or email on their handheld, including two-thirds (68%) who do so on a typical day. When asked what device they normally use to access the internet, 25% of smartphone owners say that they mostly go online using their phone, rather than with a computer. While many of these individuals have other sources of online access at home, roughly one-third of these “cell mostly” internet users lack a high-speed home broadband connection. Smartphone owners under the age of 30, non-white smartphone users, and smartphone owners with relatively low income and education levels are particularly likely to say that they mostly go online using their phones. Many companies focus on developing software or apps which are easily accessible on mobile phones.
Sports betting software producers are also focusing on developing such software. Also, the handy use of smartphones attracts software developers to develop mobile-configured sports betting software. Therefore rise in the use of smartphones is expected to drive the use of the sports betting software market.
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Playtech is the gambling industry's leading technology company delivering business intelligence-driven gambling software, services, content, and platform technology across the industry’s most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo, and poker. It is the pioneer of Omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data-driven marketing expertise, single wallet functionality, CRM, and responsible gambling solutions across one single platform across product verticals and across retail and online. Playtech partners with and invests in leading brands in regulated and newly regulated markets to deliver its data-driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry’s leading retail and online operators, land-based casino groups, and government-sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting, and gaming company in online and retail in Italy. Playtech's Financials Division, named Finalto, is a leading technology provider in the CFD and financial trading industry and operates both on a B2B and B2C basis.
BetConstruct’s innovative and proven offerings include Online and Retails Sportsbook, Classic Casino and Virtual Reality RNG & Live Casinos, Poker, Skill Games, Fantasy Sports, Social Gaming Platforms, Sports Data Solutions, and more – all ready to be launched and managed through SpringBME, its pioneering Business Management Environment. BetConstruct's Spring Platform has powerful back office tools and all-inclusive services all partners benefit from. From stand-alone setup to turn-key and white-label solutions, BetConstruct offers its partners an unparalleled opportunity to succeed.
In July 2022,
888 Holdings PLC Completes the acquisition of William Hill International
888 Holdings acquired William Hill’s non-US business from Caesars Entertainment to create a powerful, global betting and gaming business. This acquisition is expected to create significant value for shareholders, creating a combined business with leading technology, products, and brands across sports betting and gaming.
Top Companies Market Share in Sports Betting Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America is expected to register the fastest growth during the forecast period of analysis. This is attributed to the legalization of sports gambling across the countries in this region. For instance, Americans have bet $125bn on sports in four years since a US supreme court ruling cleared the way for all 50 states to offer it.
The current report Scope analyzes Sports Betting Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Sports Betting Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Sports Betting Industry growth. Sports Betting market has been segmented with the help of its Sport Betting, Betting Type Sports Type , and others. Sports Betting market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Sports Betting market is typically segmented by Sport Betting, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Sport Betting allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Sport Betting of Sports Betting analyzed in this report are as follows:
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Market segmentation by Betting Type is another crucial element in understanding the dynamics of the Sports Betting industry. Applications refer to the specific uses or end-user industries that drive demand for the Sports Betting products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Sports Betting-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key Betting Type of Sports Betting are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Sport Betting | Platform, Online, Offline |
Betting Type | Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting, Others |
Sports Type | Cricket, Football, Basketball, Baseball, Horse Racing, Hockey, Others |
List of Competitors | 888 Holdings Plc, Bet365, Betsson AB, Churchill Downs Incorporated, Entain plc, Flutter Entertainment Plc, IGT, Kindred Group Plc, Sportech Plc, William Hill Plc, Others |
This chapter will help you gain GLOBAL Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review Global Sports Betting Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review North America Sports Betting Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review Europe Sports Betting Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review Asia Pacific Sports Betting Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review South America Sports Betting Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review Middle East Sports Betting Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Sports Betting. Further deep in this chapter, you will be able to review Middle East Sports Betting Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Sports Betting. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Sport Betting Analysis 2019 -2031, will provide market size split by Sport Betting. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Sport Betting Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Betting Type Analysis 2021 - 2033
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Chapter 12 Market Split by Sports Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Sports Betting market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Platform have a significant impact on Sports Betting market? |
What are the key factors affecting the Platform and Online of Sports Betting Market? |
What is the CAGR/Growth Rate of Fixed Odds Wagering during the forecast period? |
By type, which segment accounted for largest share of the global Sports Betting Market? |
Which region is expected to dominate the global Sports Betting Market within the forecast period? |
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Service Level Customization |
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Report Format Alteration |
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