Online Sports Betting Market Platform (Online, Offline) Type (Line-in-play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Others) Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing, Others) Device Outlook (Desktop, Mobile, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027
| A06458 | Pages: NA | Oct 2020 | 613 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Online Sports Betting Market
Request Now !The sports betting market is one of the fastest-growing markets globally and continues to gain the attention of people of every generation. Sports betting is a gambling activity in which one places the wager according to what he predicts about the outcome of the game. Betting is done in various sports such as cricket, football, horse racing, and many others. The sports betting market offers enormous development potential for both bettors and sportspersons. With the internet penetrating and changing the world consistently, the sports betting market is probably going to progress in the future. Among all online betting sports, European football is attracting the highest revenue, followed by baseball. The growth of online betting platforms is faster compared to the offline betting platform. The online sports betting platform is dominating the offline betting platform due to the spread of more awareness about the use of technology. Virtual sports are getting popular these days, further transforming the way sports betting is done. But, there are still many countries who consider sports betting illegal and this is the major reason that hampers the growth of the sports betting market.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Platform, Type, Sports Type, Device Outlook, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
Companies covered | 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 |
COVID-19 Scenario Analysis:
- The outbreak of COVID-19 has a dual impact on the online sports and gambling industry.
- Social distancing is being practiced across the globe to prevent the spread of disease. Many major sports events have been canceled all across the globe, thereby adversely affecting the online sports betting and gambling industry.
- Although, stringent restrictions on people's movement will have a significant impact on online sports and betting activities, as this will favorably reshape the global on land-based casino operations.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
A lot of new technology is coming up in the market day by day like virtual reality, machine learning, and artificial intelligence. This technology is accepted in the sports betting market because of its betting ability and promising results in prediction. Hence, more development in such technologies drives the growth of the online sports betting market. The rise in the legalization of sports betting in different countries is increasing the number of viewers as well as participants in the online sports betting market, which will further benefit the sports organizations, clubs, and associations. These organizations can charge high fees on broadcasting and thus increase their revenue. Technology innovation in mobiles, such as an improvement in graphics, storage capacity, reasonable prices are also driving the online sports betting market. Another factor that fuels the demand for the online sports betting market is the large number of the population who follow sports across the globe.
While, on the contrary, the online sports betting market is also leading to a rapid increase in cybercrime. Signal manipulation and hacking activities hamper the growth of the market. In addition, compulsive betting and gambling activities can affect a person's health and personal relations. It can lead to issues such as depression and can also increase one's debt.
A great opportunity for the online sports betting market is the legalization as this will guarantee a high rate of employment, and will also generate huge revenue.
Trends in online sports betting market are as follow:
Increase in popularity of e-sports betting:
The emergence of the internet and a variety of video games available have contributed to the e-sports industry. This increase in the e-sports activities has led the bookmakers to offer numerous bets on these online sports. Betting in the e-sports is continuously increasing in various sports like golf, rugby, tennis, and many others. This widening of e-sports platforms has generated huge revenue for the online sports betting market.
Legalization of betting in sports:
Sports betting activities are considered illegal in many different states or countries. But now the government is taking initiatives to legalize sports betting activities, thereby increasing opportunities for the online sports betting industry. For instance, the popularity of online sports betting was boosted to a great extent when the Singaporean Government legalized e-sports betting in September 2016. The trend of legalizing e-sports activities is continuously increasing, and it is expected that this will drive the growth of the online betting market during the forecast years. Also, in 2019, California announced its plans to legalize sports betting activities throughout the state. In India as well, these activities have been made legal in the state of Sikkim and Goa.
Key Segments Covered:
Segments | Sub-segments |
Platform |
|
Type |
|
Sports Type |
|
Device Outlook |
|
Key Benefits of the Report:
- This study presents the analytical depiction of the global online sports betting industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global online sports betting market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global online sports betting market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global online sports betting market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Online Sports Betting Market Research Report:
- What are the leading market players active in the online sports betting market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Online Sports Betting Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.