With the rise in Internet speeds and the high compatibility of mobile devices, demand for real-time sports streaming is expected to increase during forecast period. Online platform segment is expected to hold the largest market shares of xx% by 2029.

Based on the Platform, the market is segmented into Online, and Offline. Global Sports Betting Market Segment Analysis: The Global Sports Betting Market is segmented by Platform, Game Type, and Type Analysis. The application of 5G networks is anticipated to foster the acceptance of smartphone-based betting over the forecast period which boosted the sports betting market.

This is projected to indirectly influence user experience through the expansion of better mobile applications.

Growing penetration of smartphones along with the adoption of video streaming and instant messaging services have boosted the growth of online sports betting through mobile devices. Thus, smartphones are predicted to play a major role in the adoption of sports betting among end-user during the forecast period. Quickly growing penetration of Internet-based devices such as smartphones and tablets helps rise the contact time with end-users by engaging them with online betting activities with a lowest influence on daily activities. Growing penetration of smartphones along with the acceptance of video streaming and instant messaging services have boosted the growth of online sports betting through mobile devices during the forecast period. To know about the Research Methodology :- Request Free Sample Report Global Sports Betting Market Dynamics:Īs the effective sports betting landscape initiates carrying real value to the economies of numerous countries, the idea of sports betting, as considered illegal by regulatory bodies, is observing an epochal scale of change. It is not commonplace for sports betting services to accept wagers on entertainment events such as the Grammy Awards, the Oscars, and the Super Bowl. Non-athletic events like as reality show competitions and political elections, as well as non-human contests such as horse racing, greyhound racing, and illegal, underground cockfighting, can all be bet on through sports betting. The most popular sports to gamble on vary by culture, with association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing receiving the vast majority of wagers at both the amateur and professional levels. in 2022 and the total revenue is expected to grow at a CAGR of 8.84% through 2023 to 2029, reaching nearly US$ 280.97 Bn. Global Sports Betting Market size was valued at US$ 155.29 Bn.

Sports betting industry value