Global Sports Betting Market is estimated to grow significantly in the forecast period owing to the rapidly growing preference for digital platforms and growing internet penetration that gives easy accessibility to customers for online sports betting. Sports betting is a kind of gambling activity that involves prediction of a sport result and placing wagers accordingly. Sports betting is similar to the traditional probability games like dice, roulette, or cards.

Digital revolution in sports industry is the primary factor responsible for the growth of sports betting market. Digital platforms allow customers to place bets from any remote location around the world. The growing popularity of e-sports is forcing bookies to bet on different e-sports matches, now including tennis, golf, and rugby. The growing volume of betting is driving the revenue generation across the sports betting market.

Extensive use of digital platforms and increasing demand from customers (betting supporters) is driving the growth of sports betting market. The rising popularity of virtual sports betting is one of the key trends in sports betting market. Several bookies prefer virtual sports betting due to increasing fascination of online and sports video games. Virtual betting is impartial since it predicts the results from the computer algorithm. In addition, virtual sports betting is integrated with innovative and highly advanced graphics that attract players.

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The high-quality videos of events and matches offer expansive opportunities for customers in online sports betting market. Moreover, the increase in number of initiatives taken to legalize sports betting will affect the growth of sports betting market in the years to come. However, sports betting market is facing few downsides like stringent government regulations for most sports, lack of consumer awareness and the growing rate of criminal activities.

Sports betting market is categorized on the basis of type, application, and geography. On the basis of type, sports betting market is divided into association football (soccer), American football, basketball, hockey, mixed martial arts, and boxing. Based on application sports betting market is divided into draw games, instant games, lotto, numbers games, and others.

Geographically, sports betting market can be segmented as North America, Europe, Asia Pacific, and Middle East & Africa. The Americas are predicted to be the major revenue contributors to the sports betting market due to the extensively rising popularity of sports betting in this region. The prominent players in sports betting market include Lottery, William Hill, Bet365, Ladbrokes, Paddy Power, Bwin, Betfair, Unibet, and Paddy Power Betfair among others.

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March 8, 2019: This report focuses on the global Sports Betting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sports Betting development in United States, Europe and China.

Sports betting is a type of gambling activity that involves predicting the outcome of a sports activity and placing wagers accordingly.

During 2017, the land-based sports betting segment accounted for the highest share in the global sports betting market, however the segment will lose some of its share to the online sports betting during the forecast period due to the popularity of digital betting platforms. The high growth prospects of online sports betting are mainly due to the large number of passionate viewers of games like NFL, NBL, FIFA, and Indian Premier League (IPL). The online sports betting market is quite popular in Europe owing to several football matches held in the region each year.

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APAC will continue its dominance in the sports betting market during the forecast period and is likely to occupy around 45% of the overall market revenue. The major reason for this region's growth is the easy government regulation and improved spending capability of the populace. The increased penetration of internet has created awareness among people about the latest online entertainment and gambling trends, especially in sports. Macau and Hong Kong are the major revenue generating countries in APAC.

In 2017, the global Sports Betting market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

Market segment by Type, the product can be split into

• Land-Based Sports Betting
• Online Sports Betting

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Market segment by Application, split into

• Association Football (Soccer)
• American Football
• Basketball
• Hockey
• Mixed Martial Arts
• Boxing
• Other

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

The study objectives of this report are:

• To analyze global Sports Betting status, future forecast, growth opportunity, key market and key players.
• To present the Sports Betting development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Sports Betting are as follows:

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

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