Internet Sports Betting Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Surging internet penetration, adoption of smartphones and smart devices coupled with favorable government regulation are some of the key factors contributing to the growth of the internet sports betting market. Supreme Court struck down a federal ban on sports betting in 2018, any state can choose to legalize it. To date, 25 states and Washington, D.C. have already done so, and many will profit from the newly legal industry. In the UK, there have been growing calls for this kind of mandatory industry tax to pay for gambling addiction treatment. 

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Moreover, escalating disposable income in regions such as Asia and Europe are also adding pace to the growth of the market.  One-third of the global gambling gross win comes from Asia. Moreover, the Growing popularity of several sports such  as football, cricket, snooker, etc.,  across the globe is also contributing to the market growth., As per Forbes. Sports bettors have higher rates of gambling problems than other gamblers (at least twice as high), and gambling problems increase with online betting, 45% of sports betting now takes place online; this is problematic because online gambling is available any time, providing more convenience and privacy. Young people have higher rates of gambling problems than adults; 75% of students gambled, according to data from 2018.
According to UnivDatos Market Insights (UMI)’ research report “Global Internet Sports Betting Market Analysis, 2020”, the introduction of machine learning in sports betting is adding pace to the market growth. The growing effect of technologies like blockchain, virtual reality, and AI, particularly machine learning tools, is one of the important developments in the global sports betting business. New machine learning algorithms that seek to anticipate the outcomes of games and races are expected to become increasingly familiar with sports gamblers. Thus, the emergence of machine learning will be a positive trend for the global sports betting market during the forecast period.

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As per a report by the gambling commission, A total of £14.4bn was lost by people betting in the UK from April 2017 to March 2018, an increase from £13.8bn the previous year. Of that total, £5.3bn was lost gambling online, a 12.8% increase on the previous year.

 Based on the game type, The growing popularity of football games especially in European countries is leading to the growth of the segment. As per research conducted by the University of Bath, some young men said they can no longer watch a football match unless they have multiple bets; commonly they have up to 25 accounts with online gambling companies, and their football conversations with mates are all about betting, rather than the game.

Based on the device type, The offers and bonuses given by the companies are also leading to the growth of the market. The Hard Rock Sportsbook app currently running a promotion where you receive a risk-free bet of up to US$100 with your first deposit.
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Europe to Grab Lion’s Share, But the Asia Pacific to witness Explicit Growth

Based on the Region, the Europe region dominated the global Internet Sports Betting market in 2020. Surging disposable income and surging interest of end-users in sports in the countries such as the U.K, France, Germany, etc., are leading to the growth of the region. However, Asia-Pacific would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)’ research report “Global Internet Sports Betting Market Analysis, 2020”.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Internet Sports Betting Market are Cyber Bet, Betway Group, Flutter Entertainment, Fortuna Entertainment Group, William Hill Limited, Unikrn Inc., Unibet, Kindred Group, Entain Plc., 888 Holdings Plc, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Internet Sports Betting Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Internet Sports Betting Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  
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 Market Segmentation:

1.      By Game Type (Cybersports, Football, Basketball, Hockey, Cricket, Others)

2.      By Device Type (Desktops & Laptop, Tablets & Mobile)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Cyber Bet, Betway Group, Flutter Entertainment, Fortuna Entertainment Group, William Hill Limited, Unikrn Inc., Unibet, Kindred Group, Entain Plc., 888 Holdings Plc. )

Key questions answered in the study:

1.      What are the current and future trends of the global Internet Sports Betting market industry?

2.      How the industry has been evolving in terms of end-user demand and application areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the Internet Sports Betting market industry?

5.      What are the customer orientation, purchase behavior, and expectations from the Internet Sports Betting market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL INTERNET SPORTS BETTING COVID-19 IMPACT

6 GLOBAL INTERNET SPORTS BETTING REVENUE, 2019-2027F

7 MARKET INSIGHTS BY GAME TYPE

8 MARKET INSIGHTS BY DEVICE TYPE

9 MARKET INSIGHTS BY REGION

10 INTERNET SPORTS BETTING DYNAMICS

11 INTERNET SPORTS BETTING OPPORTUNITIES

12 INTERNET SPORTS BETTING TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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