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The global Online
Sports Betting Market is estimated to reach USD 59,530.7
million by 2026, registering a CAGR of 13.6% during the forecast period,
2020–2026. In this report, Market Research Future (MRFR) includes the
segmentation and dynamics of the market to offer a better glimpse of the market
in the next few years.
The global online sports
betting market is expected to witness favourable growth during the forecast
period. Factors such as growing sports demand and rising demand for eSports
activities are expected to drive the market during the study period. The
increasing digital innovation has also created a growth opportunity for the
Online sports betting market. However, the government restrictions in some
countries are likely to restrain the growth of the global market.
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Competitive Outlook:
The key players of the
global online sports betting market include 888 Holdings PLC (UK), Bet365 Group
Ltd (UK), Churchill Downs Incorporated (US), Flutter Entertainment PLC (UK),
Entain PLC (UK), DraftKings (US), Fortuna Entertainment Group (Netherlands),
Betsson AB (Sweden), Betfred Ltd (UK), Kindred Group PLC (Malta), Sportech PLC
(UK), Webis Holdings PLC (Isle of Man), BetAmerica (US), HKJC Football Betting
Limited (Hong Kong), and Megapari (Cyprus).
Segmentation:
The global online sports
betting market has been segmented based on sports, type, application, and
region.
Based on sports type, the
online sports betting market is bifurcated based on the sports type into
football, cricket, tennis, baseball, volleyball, basketball, hockey, horse
riding, boxing, golf, racing, and others. The football sub-segment is further
divided into FIFA, Premier League, UEFA/EURO, and others. The football segment
accounted for the larger market value in 2019, reaching a value of USD 6,046.2
million; it is expected to register a CAGR of 12% during the forecast period.
The horse racing/ riding segment was valued at USD 4,667.8 million; it is
projected to register the CAGR of 13.0%. However, the hockey segment is
expected to register the highest CAGR of 15.3%. Online football betting sites
provide the best-in experience with an online sportsbook (a reference book that
is used to track wagers, payouts, and debts) that is safe and secure, providing
an honest and reliable platform to bet and earn money. The FIFA segment under
football accounted for the largest market value of 2,366 million in 2019,
growing at a CAGR of 12 during the forecast period. FIFA World Cup, one of the
biggest events for football and betting lovers. Online sportsbooks provide
insights through historical data to make smart decisions over the bets. The
FIFA bets are mainly categorized into money line bets, outright bets, in-play
bets, accumulator bets, and special bets.
Regional
Analysis:
The regional analysis for
the global Online sports betting has been done for North America, Europe,
Asia-Pacific, the Middle East & Africa, and South America. In 2019, Europe
accounted for the largest market share and it is expected to register notable
growth during the study period. The North America market is expected to register
the highest CAGR during the forecast period.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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