Dublin, Oct. 18, 2022 (GLOBE NEWSWIRE) -- The "Global Sports Betting Systems Market Size, Trends And Growth Opportunity, By Platform ,By Sports Type ,By Region and Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.

The Global Sports Betting Market was valued at US$260.5 billion in 2021 and it is expected to reach at US$648.7 billion in 2027 at a CAGR of 11.26% during forecast period 2022-2027.

A form of gambling known as sports betting involves making predictions about sporting events and placing bets on the results. Sports betting is involved in non-athletic events such reality show contests, political elections, and contests involving animals like horses, dogs, and illegal cockfighting. Football, American football, baseball, hockey, basketball, and auto racing are some of the sports that are most often bet on, both by amateur and professional bettors. Bookmakers are often used to place bets. These are businesses that are both online and physically located, like casinos or betting shops.

Market Drivers

The expansion of wireless connection and digital infrastructure are anticipated to fuel the market's rate of expansion. The increasing prevalence of smartphones has influenced consumer behaviour, particularly in terms of sports betting. The way that consumers behave when it comes to sports betting has significantly changed. The market for sports betting will expand during the forecast period due to the growing popularity of social gaming and gambling apps.

Market Restraints

Stringent government regulations imposed on sports are the major market restraints that would slow the growth rate of the sports betting market, along with concern about illegal activities in the industry, which are anticipated to provide obstacles to the market throughout the projected period.

Market Segmentation

The global sports betting market segmented into platform and sport type. On the basis of platform it segmented into online and offline. On the basis of sport type it segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.

Regional Analysis

The global sports betting market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of revenue throughout the projected period, Europe will dominate the sports betting market. This is a result of the region's growing interest in sports betting. Due to the growing number of individuals who wager on sports events like football, cricket, hockey, and basketball in this region, Asia-Pacific is also expected to have the fastest rate of economic growth.

Key Players

Various key players are listed in this report such as 888 Holdings Plc., Bet 365 Group Ltd., GVC Holding plc., The Stars Group, Paddy Power Betfair plc., William Hill plc., Fortuna Entertainment Group, Betfred Ltd., mybet Holding, Hong Kong Jockey Club.

Key Question Addressed by the Report

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Sports Betting Market Outlook4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Global Sports Betting Market, By Platform5.1 Y-o-Y Growth Comparison, By Platform5.2 Global Sports Betting Market Share Analysis, By Platform5.3 Global Sports Betting Market Size and Forecast, By Platform5.3.1 Online5.3.2 Offline

6 Global Sports Betting Market, By Sport Type6.1 Y-o-Y Growth Comparison, By Sport Type6.2 Global Sports Betting Market Share Analysis, By Sport Type6.3 Global Sports Betting Market Share Analysis, By Sport Type6.3.1 Football6.3.2 Baseball6.3.3 Basketball6.3.4 Hockey6.3.5 Cricket6.3.6 Tennis6.3.7 Golf6.3.8 Boxing6.3.9 Horse Riding6.3.10 Auto Racing

7 Global Sports Betting Market, By Region7.1 Global Sports Betting Market Share Analysis, By Region7.2 Global Sports Betting Market Share Analysis, By Region

8 North America Sports Betting Market Analysis and Forecast (2022-2027)8.1 Introduction8.2 North America Sports Betting Market Share Analysis, By Platform8.3 North America Sports Betting Market Size and Forecast, By Sport Type8.4 North America Sports Betting Market Size and Forecast, By Country8.4.1 U.S8.4.2 Canada8.4.3 Mexico

9 Europe Sports Betting Market Analysis and Forecast (2022-2027)9.1 Introduction9.2 Europe Sports Betting Market Share Analysis, By Platform9.3 Europe Sports Betting Market Size and Forecast, By Sport Type9.4 Europe Sports Betting Market Size and Forecast, By Country9.4.1 Germany9.4.2 France9.4.3 UK9.4.4 Rest of Europe

10 Asia Pacific Sports Betting Market Analysis and Forecast (2022-2027)10.1 Introduction10.2 Asia Pacific Sports Betting Market Size and Forecast, By Platform10.3 Asia Pacific Sports Betting Market Size and Forecast, By Sport Type10.4 Asia Pacific Sports Betting Market Size and Forecast, By Country10.4.1 China10.4.2 Japan10.4.3 India10.4.4. Rest of Asia Pacific

11 Latin America Sports Betting Market Analysis and Forecast (2022-2027)11.1 Introduction11.2 Latin America Sports Betting Market Size and Forecast, By Platform11.3 Latin America Sports Betting Market Size and Forecast, By Sport Type11.4 Latin America Sports Betting Market Size and Forecast, By Country11.4.1 Brazil11.4.2. Rest of Latin America

12 Middle East Sports Betting Market Analysis and Forecast (2022-2027)12.1 Introduction12.2 Middle East Sports Betting Share Analysis, By Platform12.3 Middle East Sports Betting Size and Forecast, By Sport Type12.4 Middle East Sports Betting Market Size and Forecast, By Country12.4.1. Saudi Arabia12.4.2. UAE12.4.3. Egypt12.4.4. Kuwait12.4.5. South Africa

13 Competitive Analysis13.1 Competition Dashboard13.2 Market share Analysis of Top Vendors13.3 Key Development Strategies

14 Company Profiles14.1 888 Holdings Plc.14.1.1 Overview14.1.2 Offerings14.1.3 Key Financials14.1.4 Business Segment & Geographic Overview14.1.5 Key Market Development14.1.6 Key Strategies14.2 Bet 365 Group Ltd.14.2.1 Overview14.2.2 Offerings14.2.3 Key Financials14.2.4 Business Segment & Geographic Overview14.2.5 Key Market Developments14.2.6 Key Strategies14.3 GVC Holding plc.14.3.1 Overview14.3.2 Offerings14.3.3 Key Financials14.3.4 Business Segment & Geographic Overview14.3.5 Key Market Developments14.3.6 Key Strategies14.4 The Stars Group14.4.1 Overview14.4.2 Offerings14.4.3 Key Financials14.4.4 Business Segment & Geographic Overview14.4.5 Key Market Developments14.4.6 Key Strategies14.5 Paddy Power Betfair Plc.14.5.1 Overview14.5.2 Offerings14.5.3 Key Financials14.5.4 Business Segment & Geographic Overview14.5.5 Key Market Developments14.5.6 Key Strategies14.6 William Hill plc.14.1 Overview14.6.2 Offerings14.6.3 Key Financials14.6.4 Business Segment & Geographic Overview14.6.5 Key Market Developments14.6.6 Key Strategies14.7 Fortuna Entertainment Group14.7.1 Overview14.7.2 Offerings14.7.3 Key Financials14.7.4 Business Segment & Geographic Overview14.7.5 Key Market Developments14.7.6 Key Strategies14.8 Betfred Ltd.14.8.1 Overview14.8.2 Offerings14.8.3 Key Financials14.8.4 Business Segment & Geographic Overview14.8.5 Key Market Developments14.8.6 Key Strategies14.9 mybet Holding14.9.1 Overview14.9.2 Offerings14.9.3 Key Financials14.9.4 Business Segment & Geographic Overview14.9.5 Key Market Developments14.9.6 Key Strategies14.10 Hong Kong Jockey Club14.10.1 Overview14.10.2 Offerings14.10.3 Key Financials14.10.4 Business Segment & Geographic Overview14.10.5 Key Market Developments14.10.6 Key Strategies

For more information about this report visit https://www.researchandmarkets.com/r/n50vx6

Read the original:

The Worldwide Sports Betting Systems Industry is Expected to Reach $648.7 Billion in 2027 - GlobeNewswire