New York, NY, Dec. 24, 2018 (GLOBE NEWSWIRE) -- 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.

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.

Browse through 54 Tables & 39 Figures spread over 110 Pages and in-depth TOC on “Global Sports Betting Market Size & Share 2017 Analysis: Industry Type, Trends, Growth, Segments and Forecast 2024”.

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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.

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Based on region, this global market includes Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific sports betting market is projected to witness a major rate of growth in the upcoming years. This can be attributed to the enhanced economic condition throughout the region, which, in turn, betters the disposable income of the population for various leisure activities, such as sports betting. This, in turn, is likely to fuel this regional market in the upcoming years. Furthermore, this region has a population base of more than 4 billion people. This market holds the largest share in the global sports betting market.

North America is likely to witness a substantial rate of growth in the sports betting sports betting market in the years to come. According to the U.S. sports betting tracker, this market is anticipated to witness substantial breakthroughs in legislation that will positively affect the market development in this region. Moreover, the technological developments witnessed in the region are fuelling the use of online channels for betting, which is indirectly supporting this regional market’s development.

Browse the full “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” Report at https://www.zionmarketresearch.com/report/sports-betting-market

Europe is likely to witness a sluggish rate of growth in the sports betting market over the forecast time period, due to a long history of sports betting in the region. Various key players in the market are also taking sports betting to the next level via substantial technological developments. These key companies are collaborating via agreements and mergers and acquisitions for enhancing their position in this regional market.

Some key participants operating in the global sports betting market include 888 Holdings PLC, GVC Holdings PLC, Kindred Group, Paddy Power Betfair PLC, William Hill PLC, Bet365 Group Ltd., The Stars Group Inc., DraftKings, Betsson AB, and BetAmerica, among others.

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This report segments the global sports betting market into:

Sports Betting Market: Platform Analysis

  • Online
  • Offline

Sports Betting Market: Type Analysis

  • Line-in-play
  • Fixed Old Betting
  • Exchange Betting
  • Daily Fantasy
  • Spread Betting
  • E-Sports
  • Pari-Mutuel
  • Others

Sports Betting Market: Sports Type Analysis

  • Football
  • Baseball
  • Basketball
  • Hockey
  • Cricket
  • Tennis
  • Golf
  • Boxing
  • Horse Riding
  • Auto Racing
  • Others

Sports Betting Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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