The global sports betting market is set to soar, reaching US$ 235.19 billion by 2033 from US$ 98.77 billion in 2024, driven by a CAGR of 10.12% from 2025. Key factors such as the rise of e-sports, advanced technologies, and demand for tailored accessories are pushing growth. The rise of digital platforms and mobile apps has revolutionized betting, making it accessible and engaging through innovations like AI and blockchain. The market flourishes with regulatory developments, expanding in regions like the US, UK, India, and UAE. Despite challenges with cybersecurity and transactions, the industry embraces tech evolution, legal advancements, and global sports enthusiasm to fuel ongoing expansion.
Dublin, Aug. 28, 2025 (GLOBE NEWSWIRE) -- The "Sports Betting Market Global Report by Platform, Betting Type, Sports Type, Country & Company Analysis | Forecasts 2025-2033" report has been added to ResearchAndMarkets.com's offering.
The Sports Betting Market is expected to reach US$ 235.19 billion by 2033 from US$ 98.77 billion in 2024, with a CAGR of 10.12% from 2025 to 2033. The growing popularity of competitive gaming and e-sports, the increased use of cutting-edge technologies, and the growing need for ergonomic and customized gaming accessories are the primary factors driving the regional sports betting market share.
The global sports betting market differs by region, with Asia-Pacific and Latin America emerging as high-growth markets with changing legal frameworks, Europe remaining mature with stringent regulation, and North America rapidly growing as a result of legalization.
The quick development of technology and changing consumer tastes have propelled the global sports betting market's significant expansion. The emergence of digital platforms, such as online portals and mobile apps, has completely changed the way that betting is done and made it easier and more accessible for people everywhere.
Because it provides real-time wagering opportunities that increase user engagement and excitement, live or in-play betting has become increasingly popular. A wider audience has been drawn in by advancements like artificial intelligence and data analytics, which have also enhanced the accuracy of odds and personalized betting experiences. The market has grown as a result of these technological advancements as well as rising internet penetration and smartphone usage.
The industry landscape differs geographically, with mature economies exhibiting developed regulatory structures that support consumer protection and responsible betting. Growing market opportunities and increased involvement are the results of emerging regions gradually modifying their laws to capitalize on sports betting's economic potential. In the face of changing legal requirements, operators are putting more effort into developing safe, open, and easy-to-use platforms in order to preserve confidence and compliance.
Partnerships with sports organizations and marketing tactics also aid in increasing consumer loyalty and brand awareness. Notwithstanding obstacles like unclear regulations and worries about gambling addiction, the sports betting industry keeps innovating and changing, setting itself up for long-term expansion and fierce competition on a global scale.
Key Factors Driving the Sports Betting Market Growth
Important Developments in Technology
Sports betting has seen a significant transformation due to technological advancements, making it more accessible and convenient. Thanks to the widespread use of smartphones and the speedy internet, bettors may now simply place bets using their mobile devices at any time or place. By 2027, there will likely be 6 billion smartphone users worldwide, according to projections.
Features like real-time odds, rapid payment options, and live streaming of sporting events have been made easier and made possible by mobile betting apps. Additionally, significantly more accurate predictions and individualized betting experiences are made possible by AI and data analytics. Additionally, blockchain technology is being incorporated to improve transaction security, transparency, and trust. By providing an amazing betting experience, these technological advancements are drawing in new clients while also keeping hold of existing ones.
Developments in Regulation and Legalization
The size of the sports betting market has grown as a result of the legalization and regulation of sports betting in different areas. Formerly strict anti-gambling jurisdictions are suddenly seeing the potential economic benefits of regulated sports betting, including higher tax receipts and the creation of jobs. For example, the Professional and Amateur Sports Protection Act (PASPA) was struck down by the U.S. Supreme Court in 2018, which led to a wave of legalization in several states.
Major industry players have made significant investments as a result of this change, which has opened up new markets. Additionally, regulated markets offer bettors safer surroundings by reducing the dangers associated with illicit betting. Legalizing sports betting might result in USD 8 billion in local taxes, hundreds of job opportunities, and an increase of USD 22.4 billion in GDP, according to a report by the American Gaming Organization.
The Growing Adoption of Sports Around the World
The market share of sports betting is growing as a result of sports' widespread appeal. There is an enormous global fan base for sports like basketball, cricket, football (soccer), and tennis. Well-known professional leagues and competitions that draw millions of spectators and competitors support these sports. Examples include the Olympics and FIFA World Cup, which generate a great deal of interest worldwide and boost substantial betting activity.
The IPL for cricket and the EPL for football are two more examples of region-specific leagues that support the market forecast for sports betting. Because social media and streaming services are expanding and making sports content more accessible than ever, many individuals watch and even wager on different sporting events. Additionally, according to the GITNUX research report, 26% of the global sport industry's revenue is directly derived from sponsorship and media revenue.
Challenges in the Sports Betting Market
Fraud and Cybersecurity
The growing reliance of the sports betting sector on digital infrastructure has raised serious worries about fraud and cybersecurity. Because they manage enormous volumes of financial and personal data, online platforms are prime targets for hackers and cybercriminals. Account takeovers, data breaches, phishing scams, and payment fraud are among the threats that can harm a business's brand and undermine customer confidence.
Operators must make significant investments in strong security features including multi-factor authentication, encryption, real-time fraud detection, and frequent system audits. However, staying ahead of hackers is an ongoing problem due to their shifting strategies. In a cutthroat global marketplace, maintaining a safe, open, and reliable environment is essential to keeping customers' trust and fulfilling legal obligations.
Limitations on Payment and Transactions
Managing payment and transaction restrictions is one of the continuous problems facing the international sports betting sector. Because of regulatory risk, anti-money laundering concerns, or moral convictions, banks and other financial institutions in some jurisdictions are reluctant or flatly refuse to process payments related to gambling. The user experience may be hampered by these restrictions, making deposits, withdrawals, and other financial operations more difficult.
Customers may become irate as a result, and operators may lose business. Furthermore, shifting laws in different markets might force bookmakers to collaborate with regional payment processors or look into other choices like cryptocurrency and digital wallets. It takes adaptability, compliance knowledge, and ongoing adjustment to local legal and financial frameworks to navigate these limitations.
Company Analysis (Overviews, Key Persons, Recent Developments, SWOT Analysis, Revenue Analysis)
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $98.77 Billion |
| Forecasted Market Value (USD) by 2033 | $235.19 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Research & Methodology
2.1 Data Source
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Research Approach
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.3 Forecast Projection Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Sports Betting Market
5.1 Historical Market Trends
5.2 Market Forecast
6. Market Share Analysis
6.1 By Platform
6.2 By Betting Type
6.3 By Sports Type
6.4 By Countries
7. Platform
7.1 Offline
7.2 Online
8. Betting Type
8.1 Fixed Odds Wagering
8.2 Exchange Betting
8.3 Live/In Play Betting
8.4 Pari-Mutuel
8.5 eSports Betting
8.6 Others
9. Sports Type
9.1 Football
9.2 Basketball
9.3 Baseball
9.4 Horse Racing
9.5 Cricket
9.6 Hockey
9.7 Others
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Value Chain Analysis
12. Porter's Five Forces Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Competition
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threats
14. Pricing Benchmark Analysis
14.1 888 Holdings PLC
14.2 Bet365 Group Ltd.
14.3 Bet-at-home.com AG (BetClic Everest Group S.A.S.)
14.4 Betfred USA Sports
14.5 Betsson AB
14.6 DraftKings Inc.
14.7 Entain plc
14.8 Flutter Entertainment plc
14.9 International Game Technology PLC
14.10 Kindred Group plc
15. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/l3kxi1
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