Global Sports Betting Market 2018-2022
About Sports Betting
Sports betting is a type of gambling activity that involves predicting the outcome of a sports activity and placing wagers accordingly.
Technavio’s analysts forecast the global sports betting market to grow at a CAGR of 8.62% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports betting market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of sports betting.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Betting Market 2018-2022
Technavio recognizes the following companies as the key players in the global sports betting market: 888 Holdings, GVC Holdings, Kindred Group, Paddy Power Betfair, and William Hill.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing popularity of virtual sports betting. Several bookmakers are preferring virtual sports betting due to the growing fascination of online and sports video games. Virtual betting is non-biased as it picks the outcome from a computer algorithm. Also, virtual sports betting is equipped with highly advanced and innovative graphics that attract players. The high-quality videos of matches and events offers expansive opportunities for the punters in the online betting platforms market.”
According to the report, one of the major drivers for this market is the digital revolution in sports industry. Owing to the rapid penetration of digital platform and growing Internet penetration, consumers have easy access to online sports betting platforms. Consumers can easily engage in sports betting and connect with the sportsbooks due to the growing digital revolution. Digital platforms enable the punters to place bets from any remote part of the world. Internet gambling is facing high popularity and is steadily becoming the fastest sector of the e-commerce industry. Gamblers are extensively preferring Internet gambling for their activities due to the ease offered and safety provided. Extensive usage of digital processes and growing punter demand is driving the online betting platforms market.
888 Holdings, GVC Holdings, Kindred Group, Paddy Power Betfair, and William Hill.