Betting Market By Type (Online and Offline), By Application (Sports Lottery, Welfare Lottery, and Race), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Betting Market accounted for USD 66.45 Billion in 2020 and is estimated to be USD 197.65 Billion by 2030 and is anticipated to register a CAGR of 11.5%.

Betting is the activity in which one’s predicting the result by placing a money on the outcome. There are different sectors in which betting take place, but one of the most known is the sports betting. It can be a profitable way to make money, but majority of betters had lost their money in the greed of making more. There are two platforms for betting Offline and Online. As it is an illegal activity, it is totally depended upon the authorities about their role. There are two possibilities of making money as well as losing what you have in single second.

Drivers: Legalization of betting

Legalization of sports betting by the government can change the way of its practice. As being illegal many players play solely through online platforms. And there are much more monetary transactions than country/ state transactions. This is the major factor that can fuel the growth of this market. Most of the economy crisis can be solved through this practice. For instance, according to a data published by Casino Organization in 2019, the global social casino market was estimated at $3.81 billion in 2016. During COVID-19 pandemic the online platforms had witnessed highest number of participants.

Whereas, stringent government regulations and restrictions, scandals and illegal practices in betting is expected to hamper the target market growth over the forecast period. Nevertheless, decrease in the risks related to betting is anticipated to create lucrative growth opportunities for the target market over the forecast period.

Betting market is segmented based on type, application, and region.

On the basis of type, the betting market is segmented into online and offline. On the basis of application, the target market is segmented into sports lottery, welfare lottery and race.
Regional Insights:

The betting market accounted for US$ 66.45 billion in 2020 and is estimated to be US$ 197.65 billion by 2030 and is anticipated to register a CAGR of 11.5%. On region the global betting market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market reports a high participant from European countries, who bet across multiple leagues, pre-match and in-play. The market generates a major share of its revenue from the United Kingdom, Spain, Germany and other European countries as most companies increase their research to develop a generate revenue.

Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the betting market report based on type, application, and region.

Betting Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the betting market include Ladbrokes Coral Group PLC., GVC Holdings PLC, Playtech PLC, Fortuna Entertainment Group, 888 Holdings PLC, Paddy Power Betfair PLC, Maya Inc., Kindred PLC., William Hill PLC, and Full Tilt Poker.

• Ladbrokes Coral Group PLC.
• GVC Holdings PLC.
• Fortuna Entertainment Group
• 888 Holdings PLC.
• Paddy Power Betfair PLC.
• Maya Inc.
• Kindred PLC.
• William Hill PLC.
• Full Tilt Poker