These leagues are scheduled to take place at specific times or during specific seasons, and all participating teams or individuals are required to do so to determine the league's overall champion which surges the adoption of sports betting resulting in positively influencing the sports betting market's future trends. Further, a sports league or event is a gathering of teams, nations, associations, or individuals competing against one another in a match for a trophy or championship. The sports betting market growth is anticipated to be fueled by the expansion of sporting leagues and events.

What is Propelling the Sports Betting Market? Also, online betting allows players to monitor betting activity in real-time using internet-connected devices escalating the sports betting market growth as well as the sports betting market trends and forecasts.Ĭustomize your report by selecting specific countries or regions and save 30%! Specify Scope Now Sports Betting Market CAGR (2023 to 2033)Īccording to DataReportal's Global Social Media Overview April 2021, there are more than 4.8 billion internet users worldwide.

Various governments are regulating the frameworks impacting the sports betting market's future trends to give consumers new sports betting market opportunities for employment and enriching experiences. Further, the forecast period might be impacted by the growing demand for a sport betting’s digitalization. The online segment of the sports betting market is anticipated to experience significant growth. The growing popularity of connected devices, the adoption of sports betting, and the evolving digital infrastructure all contribute to the demand for sports betting. The sports betting market size is estimated to be at US$ 91,940.9 million in 2023 and is expected to increase at a CAGR of 10.3% to US$ 245,792.4 million by 2033. Sports Betting Market Overview (2023 to 2033)

Uk sports betting market size