Connect with us
Prague Gaming & TECH Summit 2024

Latest News

The Worldwide Sports Betting Systems Industry is Expected to Reach $648.7 Billion in 2027

Published

on

Reading Time: 4 minutes

 

The “Global Sports Betting Systems Market Size, Trends And Growth Opportunity, By Platform ,By Sports Type ,By Region and Forecast to 2027.” report has been added to ResearchAndMarkets.com’s offering.

The Global Sports Betting Market was valued at US$260.5 billion in 2021 and it is expected to reach at US$648.7 billion in 2027 at a CAGR of 11.26% during forecast period 2022-2027.

A form of gambling known as sports betting involves making predictions about sporting events and placing bets on the results. Sports betting is involved in non-athletic events such reality show contests, political elections, and contests involving animals like horses, dogs, and illegal cockfighting. Football, American football, baseball, hockey, basketball, and auto racing are some of the sports that are most often bet on, both by amateur and professional bettors. Bookmakers are often used to place bets. These are businesses that are both online and physically located, like casinos or betting shops.

Advertisement

Market Drivers

The expansion of wireless connection and digital infrastructure are anticipated to fuel the market’s rate of expansion. The increasing prevalence of smartphones has influenced consumer behaviour, particularly in terms of sports betting. The way that consumers behave when it comes to sports betting has significantly changed. The market for sports betting will expand during the forecast period due to the growing popularity of social gaming and gambling apps.

Market Restraints

Stringent government regulations imposed on sports are the major market restraints that would slow the growth rate of the sports betting market, along with concern about illegal activities in the industry, which are anticipated to provide obstacles to the market throughout the projected period.

Market Segmentation

The global sports betting market segmented into platform and sport type. On the basis of platform it segmented into online and offline. On the basis of sport type it segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.

Regional Analysis

The global sports betting market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of revenue throughout the projected period, Europe will dominate the sports betting market. This is a result of the region’s growing interest in sports betting. Due to the growing number of individuals who wager on sports events like football, cricket, hockey, and basketball in this region, Asia-Pacific is also expected to have the fastest rate of economic growth.

Key Players

Various key players are listed in this report such as 888 Holdings Plc., Bet 365 Group Ltd., GVC Holding plc., The Stars Group, Paddy Power Betfair plc., William Hill plc., Fortuna Entertainment Group, Betfred Ltd., mybet Holding, Hong Kong Jockey Club.

Advertisement

Key Question Addressed by the Report

  • What are the Key Opportunities in Global Sports Betting Market?
  • What will be the growth rate from 2022 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the role of key players in the value chain?
  • What is the competitive Landscape in the industry?

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Sports Betting Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Sports Betting Market, By Platform
5.1 Y-o-Y Growth Comparison, By Platform
5.2 Global Sports Betting Market Share Analysis, By Platform
5.3 Global Sports Betting Market Size and Forecast, By Platform
5.3.1 Online
5.3.2 Offline

6 Global Sports Betting Market, By Sport Type
6.1 Y-o-Y Growth Comparison, By Sport Type
6.2 Global Sports Betting Market Share Analysis, By Sport Type
6.3 Global Sports Betting Market Share Analysis, By Sport Type
6.3.1 Football
6.3.2 Baseball
6.3.3 Basketball
6.3.4 Hockey
6.3.5 Cricket
6.3.6 Tennis
6.3.7 Golf
6.3.8 Boxing
6.3.9 Horse Riding
6.3.10 Auto Racing

Advertisement

7 Global Sports Betting Market, By Region
7.1 Global Sports Betting Market Share Analysis, By Region
7.2 Global Sports Betting Market Share Analysis, By Region

8 North America Sports Betting Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Sports Betting Market Share Analysis, By Platform
8.3 North America Sports Betting Market Size and Forecast, By Sport Type
8.4 North America Sports Betting Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico

9 Europe Sports Betting Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Sports Betting Market Share Analysis, By Platform
9.3 Europe Sports Betting Market Size and Forecast, By Sport Type
9.4 Europe Sports Betting Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe

10 Asia Pacific Sports Betting Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Sports Betting Market Size and Forecast, By Platform
10.3 Asia Pacific Sports Betting Market Size and Forecast, By Sport Type
10.4 Asia Pacific Sports Betting Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific

11 Latin America Sports Betting Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Sports Betting Market Size and Forecast, By Platform
11.3 Latin America Sports Betting Market Size and Forecast, By Sport Type
11.4 Latin America Sports Betting Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America

Advertisement

12 Middle East Sports Betting Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Sports Betting Share Analysis, By Platform
12.3 Middle East Sports Betting Size and Forecast, By Sport Type
12.4 Middle East Sports Betting Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa

13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies

14 Company Profiles
14.1 888 Holdings Plc.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Development
14.1.6 Key Strategies
14.2 Bet 365 Group Ltd.
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 GVC Holding plc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 The Stars Group
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Paddy Power Betfair Plc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 William Hill plc.
14.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Fortuna Entertainment Group
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Betfred Ltd.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 mybet Holding
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Hong Kong Jockey Club
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies

Continue Reading
Advertisement

Compliance Updates

The renowned iGaming provider, Enorphina, has successfully maintained its ISO 27001 certificate!

Published

on

the-renowned-igaming-provider,-enorphina,-has-successfully-maintained-its-iso-27001-certificate!
Reading Time: < 1 minute

 

In January 2024, the leading software provider, Endorphina, underwent a multi-day audit according to ISO 27001 standards. With a pleasing conclusion from the independent auditors, Endorphina achieved the set milestone in security and successfully maintained the ISO 27001 certificate this year as well.

The ISO 27001 certification is an independent and third-party verification that the company’s information security management system (ISMS) meets the requirements of the ISO 27001 standard. By maintaining its certification, Endorphina builds trust with its customers, promising information security and privacy.

Ever since 2012, the company has made its priorities clear when it comes to the continuous improvement of its provided slot games. Endorphina’s enhancement of security elements led the company to the highest level of security, manifested in the acquisition of the internationally recognized ISO 27001 certificate.

Advertisement

This milestone marks a successful entry into the new year and a solid foundation for achieving the company’s goals for 2024.

Continue Reading

Latest News

CT Interactive and R. Franco Digital join forces in a strategic partnership

Published

on

ct-interactive-and-r.-franco-digital-join-forces-in-a-strategic-partnership
Reading Time: < 1 minute

 

CT Interactive has concluded a partnership with R. Franco, a gaming platform based in Spain with a substantial presence in both the European and Latin American markets.

Lachezar Petrov, CEO of CT Interactive, commented: “We are thrilled to join forces with R. Franco Digital. This collaboration not only strengthens our presence in Spain but also provides an opportunity to expand our footprint in the dynamic Latin American market. Together, we aim to deliver gaming solutions that cater to the diverse preferences of players in these regions”.

This strategic collaboration marks a significant milestone for both companies, combining CT Interactive’s cutting-edge products and R. Franco Digital’s extensive market reach to deliver an unparalleled gaming experience for players in Spain and across Latin America.

Advertisement

“This partnership is an important step for our brand. We look forward to bringing unique and engaging gaming content to a broader audience, fostering growth in the Spanish and Latin American markets”, said Milena Tsankarska, Head of Business Development EMEA at CT Interactive.

Franco Digital is a leading provider of global gaming solutions for online and retail operations. The platform is part of the Recreativos Franco Group, a pioneer in the fabrication of recreational machines with more than 50 years of experience.

Guillermo Ruipérez, Head of Sales at R. Franco Platform, commented: “CT Interactive’s innovative content and diverse portfolio will complement our platform, allowing us to offer an even more exciting and engaging range of games to our customers in Spain and Latin America”.

Continue Reading

Latest News

REEVO and Peter and Sons Forge a Powerful Alliance to Transform Gaming Entertainment

Published

on

reevo-and-peter-and-sons-forge-a-powerful-alliance-to-transform-gaming-entertainment
Reading Time: 2 minutes

 

REEVO, a pioneering B2B content and aggregation provider, proudly announces a dynamic partnership with Peter and Sons, an international game development studio renowned for revolutionizing online gambling with uniquely styled, high-performing video slots, and casino games. This strategic collaboration signifies a momentous leap in enhancing the gaming experience for players worldwide, seamlessly integrating Peter and Sons’ exceptional portfolio into REEVO’s cutting-edge platform. Together, these industry leaders are committed to redefining and elevating the landscape of gaming entertainment.

REEVO stands at the forefront of innovation with its resilient aggregation platform. This empowers over 80 partners to achieve distinctiveness through custom and exclusive REEVO content. Boasting a portfolio of over 8000 games, spanning slots, table games, crash games, and live gaming experiences, REEVO consistently establishes pioneering benchmarks in innovation and diversity.

In 2024, REEVO embarks on an ambitious journey to onboard over 60 new game providers, and the collaboration with Peter & Sons serves as a strategic initiative towards fulfilling this commitment.

Advertisement

Peter and Sons, founded in 2019 by a team of international enthusiasts and professionals, has set itself apart with a distinctive approach to casino game development. With world-class mechanics, their games offer an unparalleled gaming experience, featuring innovative features, stunning graphics, and top-notch audio. With a portfolio of 30+ games, including popular titles like Kaiser, Valkyries, Book of Books, and Barbarossa, and a new release each month, Peter and Sons aims to expand their universe, offering a diverse range of Slot Games, Scratch Cards, and Instant Games for every type of player and market.

Yann Bautista, Commercial Director, and Founder at Peter and Sons: We’re thrilled to team up with Reevo, expanding our game collection to a global audience. With over 30 titles, including favorites like Barbarossa and Book of Books, we’re eager to share our creations with Reevo Play’s esteemed partners. 

Petra Maria Poola, Head of Sales at REEVO, added: “I am thrilled to join forces with Peter and Sons. Their dedication to amazing game development has garnered them a stellar reputation, and we have long admired their work. This strategic partnership provides us with the exciting opportunity to introduce our captivating portfolio to new audiences, and we look forward to collectively setting new standards in the industry.”

The REEVO and Peter and Sons partnership signals the dawn of a new era in gaming entertainment, blending innovation, diversity, and a player-centric approach. Stay tuned as these industry leaders reshape the gaming landscape, delivering an unparalleled experience for players worldwide.

Advertisement
Continue Reading

Trending