Online Sports Betting US Statista Market Forecast
Online Sports Betting - United States
The online sports betting market refers to the online gambling industry that bets on various sporting events on the Internet. This includes a wide range of sports such as soccer, basketball, baseball, horse racing, and tennis. In online sports betting, customers can bet on sports events in real time before or during the event. These bets can be performed through a variety of online platforms, including websites and mobile apps, and are often operated by online sportsbook operators with licenses.
Additional Information
The data includes the GROSS GAMBLING REVENUE (GGR), average sales per user (ARPU), user penetration rate, and the overall betting market, which subtracts the amount paid as a prize from the customer. It includes sales values. The number of users and sales represent B2C services.
Inscope / Outscopein-scope
- Online sports betting of various sports such as soccer, basketball, tennis, cricket, and golf.
- ESPORTS betting for sports simulation games such as FIFA, NBA 2K, Madden NFL
- Proposition betting for specific events and results for sports games
out-of-scope
- Offline or lan d-based sports betting facilities such as sports books and racetracks
- Betting to no n-sports events such as politics, entertainment, reality programs, etc.
- Illegal or unauthorized online sports betting website or app.
Online Gambling
- Online sports betting
- Online casino
- Online lottery
Analyst Opinion
The US online Sports Betting Market has grown significantly in recent years.
Customer preference US customers are interested in online sports betting because of their convenience and ease of access. With the rise of smartphones and mobile applications, more people can bet on their favorite sports teams and events while at home. As a result, the number of online sports, betting platforms and apps available in the market is increasing.
Market Trends One of the key trends in the online sports betting market in the United States is the legalization of sports betting in several states. In 2018, the Supreme Court ruled that states have the power to legalize sports betting, and legalization has been implemented across the United States. This has given online sports betting operators new opportunities to expand their services and reach a larger customer base. Another trend in the market is the growing popularity of in-play betting. In-play betting allows customers to place bets while a sporting event is taking place, providing a more interactive and engaging experience for customers. This trend is driven by advances in technology and the increased availability of real-time data, which allows customers to make more informed decisions and place bets in real time.
Regional Specifics One of the characteristics of the online sports betting market in the United States is the strong presence of professional sports leagues. The popularity of sports such as soccer, basketball, and baseball has contributed to the growth of online sports betting, as fans want to bet on their favorite teams and players. In addition, the United States has a strong culture of sports lovers, with many people following and cheering on their local teams. This has created a large and loyal customer base for online sports betting operators.
The growing online sports betting market in the United States in the United States is due to several macroeconomic factors. First, the increase in consumer disposable income has made it possible to spend on leisure activities including online sports betting. In addition, the growing popularity of online gambling and the relief of regulations surrounding it have created an environment that is advantageous to expand the market. In addition, with digital technology and the rise of the Internet, online sports and betting operators are easier to reach and engage in customers, and support market growth. In conclusion, the US online Sports Betting Market has a preference for customers seeking convenience and access, legalization of sports betting in some states, popularity of Impreveting, strong presence of professional sports league, and disposal. It has grown greatly due to basic factors in the macro economy, such as increased income and the rise of digital technology. The market is expected to continue to grow as the number of states that legalize sports betting will increase and the number of customers who accept online gambling will increase.
Methodology
Data coverage
The data includes B2C companies. The numbers are based on the total gambling income (GGR), indicating the amount paid by consumers to these products and services.
Modeling approach:
The market size is determined by the to p-down approach. Annual financial reports of marke t-leading companies and industry groups, surveys and reports by thir d-party organizations, surveys by our primary survey (such as Statista Consumer Insights Global), performance factors (user permeability, product unit price) (Usage status, etc.) analyzes the market. In order to individually estimate the market size of each country, we use related major market indicators and data from each country group, such as GDP, Internet user, Internet consumption.
prediction:
Various predicted methods are applied according to the trends in the related markets. For example, S-shaped curve functions and index trend smoothing methods are suitable for digital products and services for predictions of the no n-linear formation length of technical introduction. The main drivers are GDP per person, consumer spending per person, and 4G cover rate.
Postscript < SPAN> The growing online sports betting market in the United States in the United States is due to several macroeconomic factors. First, the increase in consumer disposable income has made it possible to spend on leisure activities including online sports betting. In addition, the growing popularity of online gambling and the relief of regulations surrounding it have created an environment that is advantageous to expand the market. In addition, with digital technology and the rise of the Internet, online sports and betting operators are easier to reach and engage in customers, and support market growth. In conclusion, the US online Sports Betting Market has a preference for customers seeking convenience and access, legalization of sports betting in some states, popularity of Impreveting, strong presence of professional sports league, and disposal. It has grown greatly due to basic factors in the macro economy, such as increased income and the rise of digital technology. The market is expected to continue to grow as the number of states that legalize sports betting and the number of customers who accept online gambling will increase.
Data coverage
Overview
- The data includes B2C companies. The numbers are based on the total gambling income (GGR), indicating the amount paid by consumers to these products and services.
- Modeling approach:
- The market size is determined by the to p-down approach. Annual financial reports of marke t-leading companies and industry groups, surveys and reports by thir d-party organizations, surveys by our primary survey (such as Statista Consumer Insights Global), performance factors (user permeability, product unit price) (Usage status, etc.) analyzes the market. In order to individually estimate the market size of each country, we use related major market indicators and data from each country group, such as GDP, Internet user, Internet consumption.
- prediction:
- Methodology
- Postscript The growing online sports betting market in the United States is due to several macroeconomic factors in the United States. First, the increase in consumer disposable income has made it possible to spend on leisure activities including online sports betting. In addition, the growing popularity of online gambling and the relief of regulations surrounding it have created an environment that is advantageous to expand the market. Furthermore, with the rise of digital technology and the rise of the Internet, online sports and betting operators are easier to reach and engage in customers, boosting market growth. In conclusion, the US online Sports Betting Market has a preference for customers seeking convenience and access, legalization of sports betting in some states, popularity of Impreveting, strong presence of professional sports league, and disposal. It has grown greatly due to basic factors in the macro economy, such as increased income and the rise of digital technology. The market is expected to continue to grow as the number of states that legalize sports betting will increase and the number of customers who accept online gambling will increase.
Online Sports Betting - Worldwide
The online sports betting market refers to the online gambling industry that bets on various sporting events on the Internet. This includes a wide range of sports such as soccer, basketball, baseball, horse racing, and tennis. In online sports betting, customers can bet on sports events in real time before or during the event. These bets can be performed through a variety of online platforms, including websites and mobile apps, and are often operated by online sportsbook operators with licenses.
Additional Information
The data includes the GROSS GAMBLING REVENUE (GGR), average sales per user (ARPU), user penetration rate, and the overall betting market, which subtracts the amount paid as a prize from the customer. It includes sales values. The number of users and sales represent B2C services.
Inscope / Outscopein-scope
- Online sports betting of various sports such as soccer, basketball, tennis, cricket, and golf.
- ESPORTS betting for sports simulation games such as FIFA, NBA 2K, Madden NFL
- Proposition betting for specific events and results for sports games
out-of-scope
- Offline or lan d-based sports betting facilities such as sports books and racetracks
- Betting to no n-sports events such as politics, entertainment, reality programs, etc.
- Illegal or unauthorized online sports betting website or app.
Online Gambling
- Online sports betting
- Online casino
- Online lottery
Analyst Opinion
Illegal or unlicensed online sports betting sites and apps
Methodology
Data coverage
Online Sports Betting
Online Casinos
Online Lottery
prediction:
Report
Postscript < SPAN> The growing online sports betting market in the United States in the United States is due to several macroeconomic factors. First, the increase in consumer disposable income has made it possible to spend on leisure activities including online sports betting. In addition, the growing popularity of online gambling and the relief of regulations surrounding it have created an environment that is advantageous to expand the market. In addition, with digital technology and the rise of the Internet, online sports and betting operators are easier to reach and engage in customers, and support market growth. In conclusion, the US online Sports Betting Market has a preference for customers seeking convenience and access, legalization of sports betting in some states, popularity of Impreveting, strong presence of professional sports league, and disposal. It has grown greatly due to basic factors in the macro economy, such as increased income and the rise of digital technology. The market is expected to continue to grow as the number of states that legalize sports betting and the number of customers who accept online gambling will increase.
Methodology
Overview
- The data includes B2C companies. The numbers are based on the total gambling income (GGR), indicating the amount paid by consumers to these products and services.
- Modeling approach:
- The market size is determined by the to p-down approach. Annual financial reports of marke t-leading companies and industry groups, surveys and reports by thir d-party organizations, surveys by our primary survey (such as Statista Consumer Insights Global), performance factors (user permeability, product unit price) (Usage status, etc.) analyzes the market. In order to individually estimate the market size of each country, we use related major market indicators and data from each country group, such as GDP, Internet user, Internet consumption.
- prediction:
- Methodology
- Postscript The growing online sports betting market in the United States is due to several macroeconomic factors in the United States. First, the increase in consumer disposable income has made it possible to spend on leisure activities including online sports betting. In addition, the growing popularity of online gambling and the relief of regulations surrounding it have created an environment that is advantageous to expand the market. Furthermore, with the rise of digital technology and the rise of the Internet, online sports and betting operators are easier to reach and engage in customers, boosting market growth. In conclusion, the US online Sports Betting Market has a preference for customers seeking convenience and access, legalization of sports betting in some states, popularity of Impreveting, strong presence of professional sports league, and disposal. It has grown greatly due to basic factors in the macro economy, such as increased income and the rise of digital technology. The market is expected to continue to grow as the number of states that legalize sports betting will increase and the number of customers who accept online gambling will increase.
Online Sports Betting Market Size, Share, Trends, Growth 2032
Online Sports Betting Market By Type (E-Sports, Fixed Old Betting, Line-in-play, Exchange Betting, Daily Fantasy, Pari-Mutuel, Spread Betting and Others), By Sports (Basketball, Football, Hockey, Baseball, Cricket, Boxing, Tennis, Horse Riding, Golf, Auto Racing and Others), By Device (Mobile, Desktop and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032
In countries with strong economic and high disposable income, they tend to use online sports betting as entertainment. In addition, digitalization of economy and online transactions are being accepted, promoting the growth of the online sports and betting industry. Overall, the online sports and betting markets have grown worldwide due to changes in customer preferences, new trends, local special circumstances, and basic factors in the macro economy. The market is expected to expand in the future as technology progresses and customer demand evolves.
| Data target range | The data is intended for B2C companies. The numbers are based on the total gambling income (GGR), indicating the amount paid by consumers to these products and services. User indicators indicate the number of customers who have purchased online at least once within the past 12 months. | Modeling approach / market size: | The market size is determined by the botto m-up approach based on the elements defined in advance for each market segment. As a standard for market evaluation, we use the annual financial reports of market leaders, surveys, reports by thir d-party organizations, and surveys by our primary survey (Statista Global Consumer Survey). In addition, we use related major market indicators and national associations, such as GDP, GDP per capita, Internet connection speed. These data can help you estimate the market size of each country individually. |
|---|---|---|---|
| prediction | In the prediction, a variety of prediction methods are applied. The selection of the predictive method is based on the trends in the related market. For example, S-shaped curve functions and index trends smoothing. The main drivers include Internet users, urban population, major players, and attitude toward online services. | Other precautions | 2023 |
The market will be updated twice a year in preparation for changes in market dynamics. The influence of the COVID-19 Pandemic and the Russian Ukrainian War is considered by country. GCS data has changed weights to increase representative.
- income
- Analyst opinion
- user
- Methodology
- Methodology
Online Sports Betting Industry Prospective:
Major market indicators
Online Sports Betting Market: Overview
Category Technology & Media Report Format: PDF Page Number of Pages 215 Report Code ZMR-8120 Release Date Publication Time: March 2024
2023 market size
Key Insights
- 2032 market forecast
- Annual average growth rate
- Standard year
- 545 million dollars
- 102, 560 million US dollars
- 10. 5%
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Online Sports Betting Market: Growth Drivers
Online Sports Betting Market
Content
table of contents
Online Sports Betting Market: Restraints
Inquiries regarding purchase
Methodology
Free sample claim
Online Sports Betting Market: Opportunities
The global market size of online sports betting is about 54, 560 million in 2023, with an annual average growth rate (CAGR) from 2024 to 2032, about 10. 5%, about 142, 560 million. It is predicted to grow.
Online sports betting is a platform that bets on various sports events through the Internet. It is becoming increasingly popular because of its high convenience, such as being able to play sports betting using mobile devices from home or on the go.
The online sports betting industry has the spread of smartphones, the rise in Internet spread rate, increased personal interest in various sports such as cricket and soccer, legalization of betting, advances in technology, and the emergence of new market entrants in this field. It is led by several factors.
Online Sports Betting Market: Challenges
According to our research analyst analysis, the online sports betting world market is estimated to grow at an annual average growth rate of about 10. 5%during the forecast period (2024-2032).
In terms of profits, the world's online sports betting market is expected to be about $ 54, 560 million in 2023, and is expected to reach $ 142, 56 billion in 2032.
Online Sports Betting Market: Segmentation
The spread of smartphones around the world is expected to lead the online sports and betting market during the predictive period.
By sports, the soccer field is expected to occupy the largest market share in the prediction period.
By device, mobile segments are expected to grow with the highest CAGR during the forecast period.
By region, it is predicted that Europe will dominate the market during the forecast period.
Online Sports Betting Market: Report Scope
| The spread of smartphones with the spread of Internet infrastructure leads to market growth | Online sports betting is the main factor because the use of Internet infrastructure is increasing the adoption of smartphones. This improves user experience and will be able to use betting platforms on the go. For example, according to secondary information sources, smartphones account for about 90%of the entire mobile phone in the world. Most of the world's population already own smartphones. More than 6. 5 billion mobile phones have already been used around the world, and this figure is expected to increase in the next few years. |
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| Similarly, according to data published by 5G Americas, the world's 5G connections have already reached 1. 2 billion, and it is estimated to increase to 1. 9 billion by the end of 2023 and 6. 8 billion by the end of 2027. Therefore, the abov e-mentioned statistics support market penetration. | The market will be updated twice a year in preparation for changes in market dynamics. The influence of the COVID-19 Pandemic and the Russian Ukrainian War is considered by country. GCS data has changed weights to increase representative. |
| In the United States, gambling has recently been valued for corruption measures. A matchfixing case has occurred, and the detection and prevention of misconduct have been attempted. SPORTRADAR's Universal Fraud Detection System (UFDS) monitors the soundness of sports, but soccer is the most vulnerable. Unauthorized gambling business is also threatening global industries. | prediction |
| Technology advances provide an attractive opportunity to expand the market | In the prediction, a variety of prediction methods are applied. The selection of the predictive method is based on the trends in the related market. For example, S-shaped curve functions and index trends smoothing. The main drivers include Internet users, urban population, major players, and attitude toward online services. |
| Machine learning has made it easier to create reliable predictive models, and evaluates rea l-time data from various sources, such as players 'performance, weather, and fans' mood, improved betting efficiency. This trend is expected to continue in the future, and automated tools that have been boosted by cuttin g-edge technology and large amounts of data will swell the industry. Market evolution emphasizes the importance of relying on successful tactics for users and relying on correct predictions, and machine learning algorithms play an important role in improving sports betting efficiency. | Regular restrictions and integrity issues are major issues for market expansion. |
| Many governments have legally restricted or banned internet gambling, including sports betting. Regulatory uncertainty can hinder market expansion and pose hurdles for operators. Moreover, concerns regarding match fixing and the integrity of sporting events can damage the reputation of the online sports betting sector. Operators frequently invest to ensure fair play and the integrity of their betting systems. Therefore, this is expected to pose a major challenge for the online sports betting market. | 215 |
| The global online sports betting industry is segmented by type, sport, device, and region. | By type, the global online sports betting market is bifurcated into e-sports, fixed old betting, line in play, exchange betting, daily fantasy, pari-mutuel, spread betting, and others. |
| By sport, the global online sports betting industry is segmented into basketball, soccer, hockey, baseball, cricket, boxing, tennis, horse riding, golf, auto racing, and others. The soccer segment is expected to account for the largest market share during the forecast period due to the increasing number of bets. It is especially common in European countries with a strong football culture, such as Italy, France, and Spain. The online betting sector is mostly used for sports, especially football tournaments such as the FIFA World Cup and European Championships. Furthermore, with the increasing use of smartphones, lottery games using mobile applications are also becoming more popular. The ease and comfort of gambling at home is one of the key drivers for this segment. Casino games have become one of the fastest growing gambling genres due to their ease of use and excellent user experience. Furthermore, the growing use of internet payment gateways has also made payment methods easier for gamers. Online payments provide a safe and secure means of transaction, thus facilitating the expansion of the online sports betting sector. | The global online sports betting market is segmented by device into mobile, desktop, and others. The mobile segment is expected to grow at the highest CAGR during the forecast period. Many online sportsbooks offer dedicated mobile applications that offer a smooth and user-friendly experience. These applications frequently offer a variety of features, such as live betting, secure payment methods, and customized alerts. |
| Report Attributes | Report Details |
| Report Name | 2023 |
| Online Sports Betting Market | Market Size in 2023 |
| US$54. 56 Billion | Market Forecast to 2032 |
| USD 142. 56 billion | Growth rate |
Regional Analysis
10. 5 CAGR
Number of pages
Major target companies
Online Sports Betting Market: Competitive Analysis
William Hill, Flutter Entertainment, Bet365, GVC Holdings, Kindred Group, DraftKings, Betsson AB, 888 Holdings, Pinnacle, Betway, BetAmerica, BetVictor, Betfred, Bet-at-home. com, BetWinner, Sports Interaction, SBOBET, and others.
- Target segments
- By type, by sport, by device, by region
- Target regions
- North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
- Base year
- Historical years
- 2018 to 2022
- Forecast years
- 2024 - 2032
- Customization scope
- Customization is possible to meet your research needs. Request for customization
- Europe is expected to dominate the market during the forecast period
- Europe is expected to dominate the market during the forecast period. The market has substantial demand from European betting customers who place bets on multiple leagues, pre-match, and in-play. The UK, Spain, Germany, and other European countries account for a significant percentage of the market revenue. Owing to its widespread use in events such as the FIFA World Cup, Wimbledon Championships, and European Championships, online sports betting business in Europe has increased dramatically in recent years. Companies are expanding their presence in the region for various reasons, including product offerings, user experience, brand equity, targeted payoffs, and access to many platforms.
- For example, in September 2023, multinational gaming operator Betsson entered the online betting sector in France. Betsson's entry into the French market is through collaboration with a local partner. Its strategic goal is to bring the company closer to the French sports betting market. In the fourth quarter of 2023, Betsson's flagship brand was officially launched. This is what drives the online sports betting market in the European region.
- The global online sports betting market is dominated by the following players:
- William Hill
- Flutter Entertainment
The global online sports betting market is segmented as follows:
Bet365
- GVC Holdings
- Kindred Group
- DraftKings
- Betson AB
- 888 Holdings
- Pinnacle
- Betway
- BetAmerica
BetVictor
- BetFred
- Bet@Home. com
- BetWinner
- Sports Interaction
- SBOBET
- By Type
- E-Sports
- Fixed Old Betting
- Line In Play
- Exchange Betting
- BetAmerica
Pari-Mutuel
By Region
- Spread Betting
- Other
- By Sport
- Basketball
- Soccer
- Hockey
- Baseball
- Cricket
- Boxing
- Tennis
- Horse Riding
- Golf
- Auto Racing
- Other
- By Device
- North America
- US
- Canada
- France
- UK
- Spain
According to Statista reports, the online sports betting market is expected to reach about US$bn this year, which is astounding. It can. The Online Gambling market in the United States is projected to grow by % () resulting in a market volume of US$bn in The Online Gambling market in the Americas is projected to grow by % () resulting in a market volume of US$bn in
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