MEA Sports Betting Market - Industry Trends and Forecast to 2030

Description

List of Tables

Middle East and Africa sports betting market is projected to register a substantial CAGR of 8.4% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022 and the forecast period is 2023 to 2030.

Market Segmentation:

Middle East and Africa Sports Betting Market, By Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari Mutuel), Platform (Online and Offline), Sports (Racing and Non Racing Sports), Operator (Casinos, Bingo Halls, Card Rooms, Bookmakers, Coin-Operated Gambling Device, Concession Operators, Video Gaming Terminals, Lotteries Operator, Off-Track Sports Betting, and Others), Age Group (GEN Z, GEN Y/MILLENIALS, GEN X, Baby Boomers) Country (Saudi Arabia, South Africa, UAE, Egypt, Israel and Rest of Middle East and Africa) Industry Trends and Forecast to 2030.

The major contributing factors for Middle East and Africa sports betting market:

Due to increase in number of sports leagues

Rise in number of online betting

Market Players:

The key market players for Middle East and Africa sports betting market are listed below:

bet365.

Flutter Entertainment plc

888 Holdings Plc

Entain

Kindred Group plc

Galaxy Entertainment Group Limited

Resorts World at Sentosa Pte. Ltd.

Sun International

Peermont Global Proprietary Limited

1 INTRODUCTION 27

1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.3 OVERVIEW OF MIDDLE EAST & AFRICA SPORTS BETTING MARKET 27
1.4 CURRENCY AND PRICING 29
1.5 LIMITATION 29
1.6 MARKETS COVERED 29

2 MARKET SEGMENTATION 32

2.1 MARKETS COVERED 32
2.2 GEOGRAPHICAL SCOPE 33
2.3 YEARS CONSIDERED FOR THE STUDY 34
2.4 DBMR TRIPOD DATA VALIDATION MODEL 35
2.5 MULTIVARIATE MODELING 38
2.6 TYPE LIFELINE CURVE 38
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 39
2.8 DBMR MARKET POSITION GRID 40
2.9 VENDOR SHARE ANALYSIS 42
2.10 SECONDARY SOURCES 43
2.11 ASSUMPTIONS 43

3 EXECUTIVE SUMMARY 44

4 PREMIUM INSIGHT 47

4.1 CONSUMER BEHAVIOUR PATTERN 48
4.2 PESTEL ANALYSIS 50
- 4.2.1 POLITICAL 50
  - 4.2.1.1 POLITICAL STABILITY OF ORGANIZATIONS: 50
  - 4.2.1.2 FISCAL POLICY (TAXATION): 51
  - 4.2.1.3 TRANSPARENCY IN GOVERNMENT STRUCTURE 51
- 4.2.2 ECONOMIC 52
  - 4.2.2.1 INFLATION: 52
  - 4.2.2.2 ECONOMIC GROWTH RATE 52
  - 4.2.2.3 EXCHANGE AND INTEREST RATE 52
- 4.2.3 SOCIAL 53
  - 4.2.3.1 DEMOGRAPHICS 53
  - 4.2.3.2 GENDER 53
  - 4.2.3.3 CULTURAL AND SOCIETAL NORMS 54
- 4.2.4 TECHNOLOGICAL 54
  - 4.2.4.1 TECHNOLOGICAL INNOVATIONS 54
  - 4.2.4.2 RESEARCH AND DEVELOPMENT 55
- 4.2.5 LEGAL 55
  - 4.2.5.1 EMPLOYER REGULATIONS 55
  - 4.2.5.2 LAW GOVERNING INTELLECTUAL PROPERTY 56
  - 4.2.5.3 CONSUMER PROTECTION LEGISLATION 56
4.3 PORTER'S FIVE FORCES ANALYSIS FOR MIDDLE EAST & AFRICA SPORTS BETTING MARKET 57

5 REGULATION COVERAGE 59

5.1 REGULATIONS IN EUROPE 59
5.2 REGULATIONS IN NORTH AMERICA 60
5.3 REGULATIONS IN AUSTRALIA 60
5.4 REGULATIONS IN AFRICA 60

6 MARKET OVERVIEW 63

6.1 DRIVERS 65
- 6.1.1 RISING USAGE OF ONLINE BETTING 65
- 6.1.2 INCREASING E-SPORTS COMPETITION 66
- 6.1.3 DEVELOPING DIGITAL INFRASTRUCTURE 68
- 6.1.4 INCREASE IN THE NUMBER OF SPORTS LEAGUES AND EVENTS 71
6.2 RESTRAINTS 72
- 6.2.1 STRINGENT REGULATORY FRAMEWORK 72
- 6.2.2 DECLINE IN OFFLINE BETTING PLATFORMS 72
6.3 OPPORTUNITIES 73
- 6.3.1 RISE IN LIVE ESPORTS COVERAGE PLATFORM 73
- 6.3.2 SURGE IN PURCHASING POWER OF MIDDLE-INCOME GROUPS 73
- 6.3.3 INCREASING MARKETING & ADVERTISEMENTS 74
6.4 CHALLENGES 75
- 6.4.1 HIGH RISK OF SCAMS AND FRAUDERY 75
- 6.4.2 HIGH TAXATION IN SPORTS BETTING 75

7 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, BY TYPE 76

7.1 OVERVIEW 77
7.2 LINE-IN-PLAY 80
7.3 FIXED ODD BETTING 80
7.4 E-SPORTS 81
7.5 EXCHANGE BETTING 82
7.6 SPREAD BETTING 83
7.7 DAILY FANTASY 83
7.8 PARI MUTUEL 84
7.9 OTHERS 85

8 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, BY PLATFORM 86

8.1 OVERVIEW 87
8.2 ONLINE 90
- 8.2.1 BLOCK CHAIN 91
- 8.2.2 ARTIFICIAL INTELLIGENCE 91
- 8.2.3 VIRTUAL REALITY 91
- 8.2.4 MACHINE LEARNING TOOLS 91
- 8.2.5 OTHERS 91
8.3 OFFLINE 92

9 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, BY SPORTS 93

9.1 OVERVIEW 94
9.2 RACING 97
- 9.2.1 HORSE 98
- 9.2.2 AUTO 98
- 9.2.3 DOG 98
- 9.2.4 OTHERS 98
9.3 NON - RACING 98
- 9.3.1 FOOTBALL 99
- 9.3.2 CRICKET 99
- 9.3.3 BASKETBALL 99
- 9.3.4 TENNIS 99
- 9.3.5 BASEBALL 99
- 9.3.6 BOXING 99
- 9.3.7 HOCKEY 100
- 9.3.8 GOLF 100
- 9.3.9 OTHERS 100

10 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, BY OPERATOR 101

10.1 OVERVIEW 102
10.2 CASINOS 105
10.3 CARD ROOMS 105
10.4 BINGO HALLS 106
10.5 BOOK MAKERS 106
10.6 COIN-OPERATED GAMBLING DEVICE 107
10.7 CONCESSION OPERATOR 108
10.8 VIDEO GAMING TERMINALS 109
10.9 LOTTERIES OPERATOR 109
10.10 OFF-TRACK SPORTS BETTING 110
10.11 OTHER 111

11 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, BY AGE GROUP 112

11.1 OVERVIEW 113
11.2 GEN Y/MILLENNIALS 116
11.3 GEN X 116
11.4 GEN Z 117
11.5 BABY BOOMERS 118

12 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, BY REGION 119

12.1 MIDDLE EAST AND AFRICA 120

13 MIDDLE EAST & AFRICA SPORTS BETTING MARKET, COMPANY LANDSCAPE 143

13.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 143

14 SWOT ANALYSIS 144

15 COMPANY PROFILES 145

15.1 FORTUNAEN TERTAINMENT GROUP A.S. 145
- 15.1.1 COMPANY SNAPSHOT 145
- 15.1.2 COMPANY SHARE ANALYSIS 145
- 15.1.3 PRODUCT PORTFOLIO 146
- 15.1.4 RECENT DEVELOPMENT 146
15.2 FLUTTER ENTERTAINMENT PLC 147
- 15.2.1 COMPANY SNAPSHOT 147
- 15.2.2 REVENUE ANALYSIS 147
- 15.2.3 COMPANY SHARE ANALYSIS 148
- 15.2.4 PRODUCT PORTFOLIO 148
- 15.2.5 RECENT DEVELOPMENTS 149
15.3 WYNN RESORTS LTD. 150
- 15.3.1 COMPANY SNAPSHOT 150
- 15.3.2 REVENUE ANALYSIS 150
- 15.3.3 PRODUCT PORTFOLIO 151
- 15.3.4 COMPANY SHARE ANALYSIS 151
- 15.3.5 RECENT DEVELOPMENTS 151
15.4 ENTAIN 153
- 15.4.1 COMPANY SNAPSHOT 153
- 15.4.2 REVENUE ANALYSIS 153
- 15.4.3 COMPANY SHARE ANALYSIS 154
- 15.4.4 PRODUCT PORTFOLIO 154
- 15.4.5 RECENT DEVELOPMENTS 154
15.5 BET365. 155
- 15.5.1 COMPANY SNAPSHOT 155
- 15.5.2 PRODUCT PORTFOLIO 155
- 15.5.3 COMPANY SHARE ANALYSIS 155
- 15.5.4 RECENT DEVELOPMENT 156
15.6 888 HOLDINGS PLC 157
- 15.6.1 COMPANY SNAPSHOT 157
- 15.6.2 REVENUE ANALYSIS 157
- 15.6.3 PRODUCT PORTFOLIO 158
- 15.6.4 RECENT DEVELOPMENTS 158
15.7 BETAMERICA 159
- 15.7.1 COMPANY SNAPSHOT 159
- 15.7.2 PRODUCT PORTFOLIO 159
- 15.7.3 RECENT DEVELOPMENTS 159
15.8 COMEON GROUP 160
- 15.8.1 COMPANY SNAPSHOT 160
- 15.8.2 PRODUCT PORTFOLIO 160
- 15.8.3 RECENT DEVELOPMENTS 160
15.9 BETSSON AB 161
- 15.9.1 COMPANY SNAPSHOT 161
- 15.9.2 REVENUE ANALYSIS 161
- 15.9.3 PRODUCT PORTFOLIO 162
- 15.9.4 RECENT DEVELOPMENTS 162
15.10 EVERYMATRIX. 163
- 15.10.1 COMPANY SNAPSHOT 163
- 15.10.2 PRODUCT PORTFOLIO 163
- 15.10.3 RECENT DEVELOPMENTS 164
15.11 FANUP, INC. 165
- 15.11.1 COMPANY SNAPSHOT 165
- 15.11.2 PRODUCT PORTFOLIO 165
- 15.11.3 RECENT DEVELOPMENTS 165
15.12 KAIROS GROUP 167
- 15.12.1 COMPANY SNAPSHOT 167
- 15.12.2 PRODUCT PORTFOLIO 167
- 15.12.3 RECENT DEVELOPMENTS 167
15.13 KINDRED GROUP PLC 168
- 15.13.1 COMPANY SNAPSHOT 168
- 15.13.2 REVENUS ANALYSIS 168
- 15.13.3 PRODUCT PORTFOLIO 169
- 15.13.4 RECENT DEVELOPMENTS 169
15.14 LAS VEGAS SANDS CORPORATION 170
- 15.14.1 COMPANY SNAPSHOT 170
- 15.14.2 REVENUE ANALYSIS 170
- 15.14.3 COMPANY SHARE ANALYSIS 171
- 15.14.4 PRODUCT PORTFOLIO 171
- 15.14.5 RECENT DEVELOPMENTS 171
15.15 NOVIBET 172
- 15.15.1 COMPANY SNAPSHOT 172
- 15.15.2 PRODUCT PORTFOLIO 172
- 15.15.3 RECENT DEVELOPMENTS 172
15.16 PEERMONT MIDDLE EAST & AFRICA PROPRIETARY LIMITED. 174
- 15.16.1 COMPANY SNAPSHOT 174
- 15.16.2 PRODUCT PORTFOLIO 174
- 15.16.3 RECENT DEVELOPMENTS 174
15.17 RESORTS WORLD SENTOSA 175
- 15.17.1 COMPANY SNAPSHOT 175
- 15.17.2 PRODUCT PORTFOLIO 175
- 15.17.3 RECENT DEVELOPMENTS 175
15.18 RTSMUNITY A.S. 177
- 15.18.1 COMPANY SNAPSHOT 177
- 15.18.2 PRODUCT PORTFOLIO 177
- 15.18.3 RECENT DEVELOPMENT 177
15.19 SCIENTIFIC GAMES 178
- 15.19.1 COMPANY SNAPSHOT 178
- 15.19.2 PRODUCT PORTFOLIO 178
- 15.19.3 RECENT DEVELOPMENTS 178
15.20 SKY INFOTECH 179
- 15.20.1 COMPANY SNAPSHOT 179
- 15.20.2 PRODUCT PORTFOLIO 179
- 15.20.3 RECENT DEVELOPMENT 179
15.21 SPORTRADAR AG 180
- 15.21.1 COMPANY SNAPSHOT 180
- 15.21.2 REVENUE ANALYSIS 180
- 15.21.3 PRODUCT PORTFOLIO 181
- 15.21.4 RECENT DEVELOPMENTS 181
15.22 SUN INTERNATIONAL 182
- 15.22.1 COMPANY SNAPXSHOT 182
- 15.22.2 REVENUE ANALYSIS 182
- 15.22.3 PRODUCT PORTFOLIO 183
- 15.22.4 RECENT DEVELOPMENTS 183
15.23 TONYBET 185
- 15.23.1 COMPANY SNAPSHOT 185
- 15.23.2 PRODUCT PORTFOLIO 185
- 15.23.3 RECENT DEVELOPMENTS 185

16 QUESTIONNAIRE 187

17 RELATED REPORTS 191

LIST OF FIGURES

FIGURE 1 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: SEGMENTATION 21
FIGURE 2 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: DATA TRIANGULATION 24
FIGURE 3 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: DROC ANALYSIS 25
FIGURE 4 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: MIDDLE EAST & AFRICA VS. REGIONAL MARKET ANALYSIS 26
FIGURE 5 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: COMPANY RESEARCH ANALYSIS 26
FIGURE 6 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: MULTIVARIATE MODELLING 27
FIGURE 7 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: INTERVIEW DEMOGRAPHICS 28
FIGURE 8 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: DBMR MARKET POSITION GRID 29
FIGURE 9 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: VENDOR SHARE ANALYSIS 31
FIGURE 10 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: SEGMENTATION 35
FIGURE 11 RISING THE USAGE OF ONLINE BETTING AND INCREASING ESPORTS COMPETITION IS DRIVING THE MIDDLE EAST & AFRICA SPORTS BETTING MARKET IN THE FORECAST PERIOD OF 2023 TO 2030 36
FIGURE 12 LINE-IN-PLAY SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE MIDDLE EAST & AFRICA SPORTS BETTING MARKET FROM 2023 TO 2030 36
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE MIDDLE EAST & AFRICA SPORTS BETTING MARKET 53
FIGURE 14 MIDDLE EAST & AFRICA DATA FOR ONLINE BETTING USAGE 55
FIGURE 15 AI IN ESPORTS 58
FIGURE 16 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY TYPE, 2022 66
FIGURE 17 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY TYPE, 2023-2030 (USD MILLION) 67
FIGURE 18 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY TYPE, CAGR (2023-2030) 67
FIGURE 19 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY TYPE, LIFELINE CURVE 68
FIGURE 20 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY PLATFORM, 2022 76
FIGURE 21 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY PLATFORM, 2023-2030 (USD MILLION) 77
FIGURE 22 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY PLATFORM, CAGR (2023-2030) 77
FIGURE 23 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY PLATFORM, LIFELINE CURVE 78
FIGURE 24 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY DISTRIBUTION CHANNEL, 2022 83
FIGURE 25 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY DISTRIBUTION CHANNEL, 2023-2030 (USD MILLION) 84
FIGURE 26 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY DISTRIBUTION CHANNEL, CAGR (2023-2030) 84
FIGURE 27 MIDDLE EAST & AFRICA SPORTS BETTING MARKET : BY DISTRIBUTION CHANNEL, LIFELINE CURVE 85
FIGURE 28 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY OPERATOR, 2022 91
FIGURE 29 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY OPERATOR, 2023-2030 (USD MILLION) 92
FIGURE 30 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY OPERATOR, CAGR (2023-2030) 92
FIGURE 31 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY OPERATOR, LIFELINE CURVE 93
FIGURE 32 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY AGE GROUP, 2022 102
FIGURE 33 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY AGE GROUP, 2023-2030 (USD MILLION) 103
FIGURE 34 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY AGE GROUP, CAGR (2023-2030) 103
FIGURE 35 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: BY AGE GROUP, LIFELINE CURVE 104
FIGURE 36 MIDDLE EAST AND AFRICA SPORTS BETTING MARKET: SNAPSHOT (2022) 110
FIGURE 37 MIDDLE EAST AND AFRICA SPORTS BETTING MARKET: BY COUNTRY (2022) 111
FIGURE 38 MIDDLE EAST AND AFRICA SPORTS BETTING MARKET: BY COUNTRY (2023 & 2030) 111
FIGURE 39 MIDDLE EAST AND AFRICA SPORTS BETTING MARKET: BY COUNTRY (2022 & 2030) 112
FIGURE 40 MIDDLE EAST AND AFRICA SPORTS BETTING MARKET: BY TYPE (2023 & 2030) 112
FIGURE 41 MIDDLE EAST & AFRICA SPORTS BETTING MARKET: COMPANY SHARE 2022 (%) 132