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Global Sports Betting Market Is Expected to Reach Around USD

edit:casino time:2019-01-11

Global sports betting market expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024. With digital revolution transforming the world every second, the sports betting market is likely to grow dynamically in the future.

This press release was orginally distributed by SBWire

Sarasota, FL -- (SBWIRE) -- 01/09/2019 -- Zion Market Research has published a new report titled "Sports Betting Market by Platform (Online and Offline), by Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, and Others), and by Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024''. According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

Request Free Sample Report Keyword @ https://www.zionmarketresearch.com/sample/sports-betting-market

Sports betting is a gambling activity that involves predicting the outcome of any sports activity and placing the wagers accordingly. Various sports, such as horse racing, cricket, poker, and many others, fall under this category. This market offers tremendous growth potential for both the sportspersons and the bettors.

With digital revolution transforming the world every second, the sports betting market is likely to grow dynamically in the future. This market currently holds around 70% of the global gambling revenue, which is more than any other sectors inclusive of lotteries, casinos, and poker, among other forms of gambling. Various games are popular for betting around the world, but European football has been attracting the greatest betting revenue, which is closely followed by baseball. The increasing popularity of virtual sports betting is one of the major factors likely to support the market for sports betting over the forecast time period. The technological developments have also transformed the process of conducting sports betting. On the other hand, the strict regulations led down by various governments of different countries across the world might hamper the development of the sports betting market on a global scale in the future.

The global sports betting market is segmented based on platform, sports type, and type. Based on the platform, this global market is bifurcated into online and offline. The online sports betting segment is likely to dominate the sports betting market in the upcoming years, due to the increasing awareness regarding the online betting platform. On the basis of type, this market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and others. The sports type segment of this market comprises football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.

Download Free PDF Research Report Brochure @ https://www.zionmarketresearch.com/requestbrochure/sports-betting-market

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