The global sports betting market size was valued at USD 103.08 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 224.12 Billion by 2033, exhibiting a CAGR of 8.56% from 2
Last updated
Global Sports Betting Industry: Key Statistics and Insights in 2025-2033
Summary:
The global sports betting market size reached USD 103.08 Billion in 2024.
The market is expected to reach USD 224.12 Billion by 2033, exhibiting a growth rate CAGR of 8.56% during 2025-2033.
Asia Pacific leads the market, accounting for the largest sports betting market share.
Online accounts for the majority of the market share in the platform segment due to its convenience, accessibility, and real-time betting options.
Fixed odds wagering holds the largest share in the sports betting industry.
Football remains a dominant segment in the market.
The growing wave of legalization for sports betting across various regions is pivotal in impelling the sports betting market growth.
Technological progress, especially in mobile connectivity, is reshaping the sports betting market.
Industry Trends and Drivers:
Technological Advancements and Digital Platforms:
The betting industry has changed dramatically. Now, people can bet on the go using smart devices. This shift has led to a surge in online participation. AI and machine learning offer personalized experiences that engage users. Mid-game bets are now possible, thanks to live data feeds that boost excitement. Cryptocurrencies are emerging as new cashing options for tech-savvy consumers. These innovations make sports betting more accessible, enjoyable, and tailored to individual preferences. The industry is actively evolving, driven by new trends and successful technologies. As connectivity grows, online and physical betting mix more. This creates exciting chances for sports fans and bettors.
Legalization and Regulatory Support:
More laws in different sectors create a safer regulated market. Legalization will bring in new clients. It will also create safe spaces for players, away from old taboos. It also brings in tax money. This encourages more areas to think about legalization and helps the market grow. This regulatory environment brings more players into the market, boosting competition. As a result, companies must become more efficient, broaden their services, and lower costs. This process helps improve public acceptance of betting.
Rising Popularity of Sports and Esports:
The trend of traditional sports and esports is boosting market growth. Sports like soccer, basketball, and tennis attract many fans globally. This makes them a stable source for sports betting activities. At the same time, esports are gaining popularity, especially among the youth. Bets are being placed on popular video games, creating new betting opportunities. Large tournaments and streaming keep fan engagement high, enhancing esports betting's appeal. Esports are getting popular, so betting operators are adding more options. This is true for both traditional and digital sports fans.
Request for a sample copy of this report: https://www.imarcgroup.com/sports-betting-market/requestsample
Sports Betting Market Report Segmentation:
Breakup By Platform:
Offline
Online
Online exhibits a clear dominance in the market due to its convenience, accessibility, and real-time betting options available to users worldwide.
Breakup By Betting Type:
Fixed Odds Wagering
Exchange Betting
Live/In Play Betting
Pari-Mutuel
eSports Betting
Others
Fixed odds wagering represents the largest segment as it offers straightforward odds that appeal to both novice and experienced bettors looking for predictable returns.
Breakup By Sports Type:
Football
Basketball
Baseball
Horse Racing
Cricket
Hockey
Others
Football holds the biggest market share driven by its global fanbase and numerous leagues and events, which create extensive betting opportunities.
Breakup By Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific dominates the market attributed to established regulations, a high concentration of sports fans, and widespread online betting infrastructure.
Top Sports Betting Market Leaders:
The sports betting market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
888 Holdings PLC
Bet365 Group Ltd.
Bet-at-home.com AG (BetClic Everest Group S.A.S.)
Betfred USA Sports
Betsson AB
DraftKings Inc.
Entain plc
Flutter Entertainment plc
International Game Technology PLC
Kindred Group plc
Sportech PLC
TwinSpires (Churchill Downs Incorporated)
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
