NEW YORK, July 8, 2022 /PRNewswire/ — The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of the Sports Betting Market includes – Inputs, Operations, Services, Marketing and sales, Support activities, and Innovation. Moreover, the Sports Betting Market Share is expected to increase by USD 106.25 billion from 2020 to 2025, according to a recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets.
For more additional information about the Sports Betting Market – View Snapshot of the Report
Vendor Insights-
The sports betting market report offers information on several market vendors, including 888 Holdings Plc, Bet365 Group Ltd., Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and William Hill Plc among others. Moreover, the market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- 888 Holdings Plc- The company offers online sports betting services for various sports and sports leagues such as NBA games, NFL matches, NHL contests, MLS, golf, tennis, NASCAR, and Formula One.
- Bet365 Group Ltd.- The company offers sports betting services for sports including football, basketball, soccer, and others.
- Churchill Downs Inc.- The company offers online sports betting services on iGaming platforms.
Find additional highlights on the vendors and their product offerings. Download Sample Report
Regional Market Outlook
The sports betting market is segmented by Geography (APAC, Europe, North America, South America, and MEA) and Platform (offline and online). 39% of the market’s growth will originate from APAC during the forecast period. China and Australia are the key markets for sports betting in APAC. Market growth in this region will be faster than the growth of the market in the North American, MEA, and South American regions. The increase in demand for online games and fantasy sports platforms will facilitate the sports betting market growth in APAC over the forecast period.
For more key highlights on the regional market share of most of the above-mentioned countries. Request Sample Report
Latest Drivers & Trends of the Market-
- Sports Betting Market Driver:
- Digital revolution:
With the recent global digital revolution, cloud platforms are being preferred for storing data, and there has been a burgeoning increase in online transactions and payments among commercial as well as retail users. Also, there has been a significant increase in the consumption of digital content in the last five years, with the growing Internet speed. With extensive digitalization, the sports betting landscape has fundamentally changed, and the global sports betting market has shifted toward online or virtual applications and platforms. Modern consumers can easily engage in sports betting and conveniently connect with sportsbooks due to the easy access to the Internet and the availability of various mobile apps and online platforms. The rapid growth of digital platforms and the increasing Internet penetration have given consumers easy access to online sports betting platforms, which will drive the growth of the global sports betting market during the forecast period.
- Sports Betting Market Trend:
- Emergence of machine learning in sports betting:
One of the key trends in the global sports betting market is the increasing impact of technologies such as blockchain, virtual reality, and AI, specifically machine learning tools. The global sports betting market is expected to grow during the forecast period as a direct result of improving consumer demand, driven by technological advances. Major vendors in the market are increasingly focusing a significant part of their investments on machine learning tools and methods, which have shown promising results in prediction. Machine learning helps build predictive algorithms and accurate predictive models for better betting efficiency. As the global sports betting market evolves, it is necessary for consumers to find useful strategies and accurate predictions to increase their efficiency. Sports bettors are expected to increasingly become familiar with new machine learning algorithms that attempt to predict the outcomes of games and races. Thus, the emergence of machine learning will be a positive trend for the global sports betting market during the forecast period.
Find additional information about various other market Drivers & Trends available with Technavio. View Sample Report
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| Sports Betting Market Scope | |
| Report Coverage | Details |
| Page number | 120 |
| Base year | 2020 |
| Forecast period | 2021-2025 |
| Growth momentum & CAGR | Decelerate at a CAGR of 10% |
| Market growth 2021-2025 | $ 106.25 billion |
| Market structure | Fragmented |
| YoY growth (%) | 21.54 |
| Regional analysis | APAC, Europe, North America, and South America |
| Performing market contribution | APAC at 39% |
| Key consumer countries | China, UK, Singapore, Australia, and France |
| Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
| Companies profiled | 888 Holdings Plc, bet365, Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and William Hill Plc |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain: Casinos and gaming
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2019
- 3.4 Market outlook: Forecast for 2019 – 2024
- Exhibit 06: Global – Market size and forecast 2019 – 2024 ($ billion)
- Exhibit 07: Global sports betting market 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 08: Global market: Year-over-year growth 2019 – 2024 (%)
4 Five Forces Analysis
- 4.1 Five Forces Summary
- Exhibit 09: Five forces analysis 2019 & 2024
- 4.2 Bargaining power of buyers
- Exhibit 10: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 11: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 12: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 13: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 14: Threat of rivalry
- 4.7 Market condition
- Exhibit 15: Market condition – Five forces 2019
5 Market Segmentation by Platform
- 5.1 Market segments
- Exhibit 16: Platform – Market share 2019-2024 (%)
- 5.2 Comparison by Platform
- Exhibit 17: Comparison by Platform
- 5.3 Offline – Market size and forecast 2019-2024
- Exhibit 18: Offline – Market size and forecast 2019-2024 ($ billion)
- Exhibit 19: Offline market 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 20: Offline – Year-over-year growth 2019-2024 (%)
- 5.4 Online – Market size and forecast 2019-2024
- Exhibit 21: Online – Market size and forecast 2019-2024 ($ billion)
- Exhibit 22: Online market 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 23: Online – Year-over-year growth 2019-2024 (%)
- 5.5 Market opportunity by Platform
- Exhibit 24: Market opportunity by Platform
6 Customer landscape
- 6.1 Overview
- Exhibit 25: Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 26: Market share by geography 2019-2024 (%)
- 7.2 Geographic comparison
- Exhibit 27: Geographic comparison
- 7.3 APAC – Market size and forecast 2019-2024
- Exhibit 28: APAC – Market size and forecast 2019-2024 ($ billion)
- Exhibit 29: Sports betting market in APAC 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 30: APAC – Year-over-year growth 2019-2024 (%)
- 7.4 Europe – Market size and forecast 2019-2024
- Exhibit 31: Europe – Market size and forecast 2019-2024 ($ billion)
- Exhibit 32: Sports betting market in Europe 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 33: Europe – Year-over-year growth 2019-2024 (%)
- 7.5 North America – Market size and forecast 2019-2024
- Exhibit 34: North America – Market size and forecast 2019-2024 ($ billion)
- Exhibit 35: Sports betting market in North America 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 36: North America – Year-over-year growth 2019-2024 (%)
- 7.6 MEA – Market size and forecast 2019-2024
- Exhibit 37: MEA – Market size and forecast 2019-2024 ($ billion)
- Exhibit 38: Sports betting market in MEA 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 39: MEA – Year-over-year growth 2019-2024 (%)
- 7.7 South America – Market size and forecast 2019-2024
- Exhibit 40: South America – Market size and forecast 2019-2024 ($ billion)
- Exhibit 41: Sports betting market in South America 2019-2024 ($ billion), exclusive of COVID-19 impact
- Exhibit 42: South America – Year-over-year growth 2019-2024 (%)
- 7.8 Key leading countries
- Exhibit 43: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 44: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Volume drivers – Demand led growth
- 8.2 Market challenges
- Exhibit 45: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 46: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 47: Landscape disruption
- Exhibit 48: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 49: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 50: Market positioning of vendors
- 10.3 888 Holdings Plc
- Exhibit 51: 888 Holdings Plc – Overview
- Exhibit 52: 888 Holdings Plc – Business segments
- Exhibit 53: 888 Holdings Plc – Key news
- Exhibit 54: 888 Holdings Plc – Key offerings
- Exhibit 55: 888 Holdings Plc – Segment focus
- 10.4 bet365
- Exhibit 56: bet365 – Overview
- Exhibit 57: bet365 – Product and service
- Exhibit 58: bet365 – Key offerings
- 10.5 Churchill Downs Inc.
- Exhibit 59: Churchill Downs Inc. – Overview
- Exhibit 60: Churchill Downs Inc. – Business segments
- Exhibit 61: Churchill Downs Inc. – Key news
- Exhibit 62: Churchill Downs Inc. – Key offerings
- Exhibit 63: Churchill Downs Inc. – Segment focus
- 10.6 Flutter Entertainment Plc
- Exhibit 64: Flutter Entertainment Plc – Overview
- Exhibit 65: Flutter Entertainment Plc – Business segments
- Exhibit 66: Flutter Entertainment Plc – Key news
- Exhibit 67: Flutter Entertainment Plc – Key offerings
- Exhibit 68: Flutter Entertainment Plc – Segment focus
- 10.7 GVC Holdings Plc
- Exhibit 69: GVC Holdings Plc – Overview
- Exhibit 70: GVC Holdings Plc – Business segments
- Exhibit 71: GVC Holdings Plc – Key news
- Exhibit 72: GVC Holdings Plc – Key offerings
- Exhibit 73: GVC Holdings Plc – Segment focus
- 10.8 Kindred Group Plc
- Exhibit 74: Kindred Group Plc – Overview
- Exhibit 75: Kindred Group Plc – Business segments
- Exhibit 76: Kindred Group Plc – Key news
- Exhibit 77: Kindred Group Plc – Key offerings
- Exhibit 78: Kindred Group Plc – Segment focus
- 10.9 Sportech Plc
- Exhibit 79: Sportech Plc – Overview
- Exhibit 80: Sportech Plc – Business segments
- Exhibit 81: Sportech Plc – Key news
- Exhibit 82: Sportech Plc – Key offerings
- Exhibit 83: Sportech Plc – Segment focus
- 10.10 The Stars Group Inc.
- Exhibit 84: The Stars Group Inc. – Overview
- Exhibit 85: The Stars Group Inc. – Business segments
- Exhibit 86: The Stars Group Inc. – Key news
- Exhibit 87: The Stars Group Inc. – Key offerings
- Exhibit 88: The Stars Group Inc. – Segment focus
- 10.11 Webis Holdings Plc
- Exhibit 89: Webis Holdings Plc – Overview
- Exhibit 90: Webis Holdings Plc – Business segments
- Exhibit 91: Webis Holdings Plc – Key news
- Exhibit 92: Webis Holdings Plc – Key offerings
- Exhibit 93: Webis Holdings Plc – Segment focus
- 10.12 William Hill Plc
- Exhibit 94: William Hill Plc – Overview
- Exhibit 95: William Hill Plc – Product and service
- Exhibit 96: William Hill Plc – Key news
- Exhibit 97: William Hill Plc – Key offerings
- Exhibit 98: William Hill Plc – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 99: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 100: Research Methodology
- Exhibit 101: Validation techniques employed for market sizing
- Exhibit 102: Information sources
- 11.4 List of abbreviations
- Exhibit 103: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
