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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1081024

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1081024

Internet Sports Betting Market: Current Analysis and Forecast (2021-2027)

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The Global Internet Sports Betting Market is anticipated to grow with an elevated CAGR of 11% over the forecast period (2021-2027). Surging internet penetration, adoption of smartphones and smart devices coupled with favorable government regulation are some of the key factors contributing to the growth of the internet sports betting market. Supreme Court struck down a federal ban on sports betting in 2018, any state can choose to legalize it. To date, 25 states and Washington, D.C. have already done so, and many will profit from the newly legal industry. In the UK, there have been growing calls for this kind of mandatory industry tax to pay for gambling addiction treatment.

Moreover, escalating disposable income in regions such as Asia and Europe are also adding pace to the growth of the market. One-third of the global gambling gross win comes from Asia. Moreover, the Growing popularity of several sports such as football, cricket, snooker, etc., across the globe is also contributing to the market growth., As per Forbes. Sports bettors have higher rates of gambling problems than other gamblers (at least twice as high), and gambling problems increase with online betting, 45% of sports betting now takes place online; this is problematic because online gambling is available any time, providing more convenience and privacy. Young people have higher rates of gambling problems than adults; 75% of students gambled, according to data from 2018.

Moreover, the ongoing strategic alliances in the country are also leading to the growth of the market. In 2022, Global B2B sports betting & gaming service provider FSB has announced they have secured regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO) to launch its services in the Canadian province. And in June 2019, the National Basketball Players Association and gaming supplier Highlight Games entered a partnership for a simulated, real-money sports gambling product using NBA highlights and footage. The product is expected to be called "NBA Last 90." The product is set to debut in the US and European gaming and lottery markets during the 2019-20 NBA season.

Cyber Bet, Betway Group, Flutter Entertainment, Fortuna Entertainment Group, William Hill Limited, Unikrn Inc., Unibet, Kindred Group, Entain Plc., 888 Holdings Plc. etc, are some of the prominent players operating in the Internet Sports Betting market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report

"Amongst game type, football segment grabbed major market share"

Based on the game type, the market is fragmented into Cybersports, Football, Basketball, Hockey, Cricket, and Others. The football segment grabbed the major market share and dominated the market. The market of this segment would reach USD XX Mn by 2027/ Growing number of football tournaments and the growing popularity of football in European countries are leading to the growth of this segment.

"Amongst device type, mobile & tablet segment to grab considerable market share"

Based on the device type, the market is fragmented into Desktops & Laptop, Tablets & Mobile. The tablets & mobile segment grabbed XX% market share and captured USD XX Mn market in 2020. The growing adoption of smartphones coupled with the availability of phones and tablets at affordable prices is leading to the growth of this segment.

"Europe represents one of the largest markets of Internet Sports Betting market"

For a better understanding of the market adoption of the Internet Sports Betting Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe region grabbed XX% market for the Internet Sports Betting Market industry and generated revenue of USD XX Million in 2020. However, the Asia -Pacific region would witness the highest CAGR during the forthcoming years.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts

The report presents a quick review of overall industry performance at one glance

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

The study comprehensively covers the market across different segments

Deep dive regional level analysis of the industry

Customization Options:

The Internet Sports Betting Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMTI21766

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Internet Sports Betting
  • 2.2. Research Methodology of the Internet Sports Betting
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Internet Sports Betting Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL INTERNET SPORTS BETTING COVID-19 IMPACT

6 GLOBAL INTERNET SPORTS BETTING REVENUE, 2019-2027F

7 MARKET INSIGHTS BY GAME TYPE

  • 7.1. Cybersports
  • 7.2. Football
  • 7.3. Basketball
  • 7.4. Hockey
  • 7.5. Cricket
  • 7.6. Others

8 MARKET INSIGHTS BY DEVICE TYPE

  • 8.1. Desktops & Laptop
  • 8.2. Tablets & Mobile

9 MARKET INSIGHTS BY REGION

  • 9.1. North America Internet Sports Betting Market
    • 9.1.1. United States
    • 9.1.2. Canada
    • 9.1.3. Rest of North America
  • 9.2. Europe Internet Sports Betting Market
    • 9.2.1. United Kingdom
    • 9.2.2. Germany
    • 9.2.3. France
    • 9.2.4. Italy
    • 9.2.5. Spain
    • 9.2.6. Rest of Europe
  • 9.3. Asia Pacific Internet Sports Betting Market
    • 9.3.1. China
    • 9.3.2. Japan
    • 9.3.3. India
    • 9.3.4. Australia
    • 9.3.5. Rest of Asia Pacific
  • 9.4. Rest of World Internet Sports Betting Market

10 INTERNET SPORTS BETTING DYNAMICS

  • 10.1. Market Drivers
  • 10.2. Market Challenges
  • 10.3. Impact Analysis

11 INTERNET SPORTS BETTING OPPORTUNITIES

12 INTERNET SPORTS BETTING TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

  • 14.1. Demand Side Analysis
  • 14.2. Supply Side Analysis
    • 14.2.1. Top Product Launches
    • 14.2.2. Top Business Partnerships
    • 14.2.3. Top Business Expansions, Investments and Divestitures
    • 14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

  • 16.1. Competitive Landscape
    • 16.1.1. Company Shares, By Revenue

17 COMPANY PROFILED

  • 17.1. Cyber Bet
  • 17.2. Betway Group
  • 17.3. Flutter Entertainment
  • 17.4. Fortuna Entertainment Group
  • 17.5. William Hill Limited
  • 17.6. Unikrn Inc.
  • 17.7. Unibet
  • 17.8. Kindred Group
  • 17.9. Entain Plc.
  • 17.10. 888 Holdings Plc.

18 DISCLAIMER

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Jeroen Van Heghe

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+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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