The size of the worldwide betting market was estimated at USD 82.3 billion in 2022, and during the course of the forecast period, a CAGR of 10.7% is anticipated. Because more people are using smartphones, there is a greater demand for sports betting, and the business is expanding rapidly as a result of linked device penetration. A rise in e-sports during the epidemic has led to an increase in the popularity of online sports betting.

Sports betting is widely available as a result of the growing popularity of cellphones. The global demand for bet products is being driven by lucrative leagues. The market is expanding dramatically because to the growing popularity of the Indian Premier League and the English Premier League.

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Growth Drivers
Globally, rising disposable income is encouraging people to wager heavily, and more people now have extra money to spend on recreational pursuits like betting. The market is expanding significantly as a result of the mainstreaming of sports betting and its collaborations with sports clubs and organizations. In-play wagering and live betting have drawn in new clients and raised user engagement among current users. In order to reach new clientele and fuel the expansion of the sector as a whole, betting operators are branching out both locally and abroad.
The market has expanded as a result of shifting consumer preferences, which include an increasing acceptance of gambling as a kind of entertainment. Globally, the Indian Premier League and the English Premier League are becoming more and more popular, and betting has progressively evolved into a part-time source of income for people everywhere, fueling the market's expansion.
Segmentation
Platform
· Offline
· Online
Betting Type
· Fixed Odds Wagering
· Exchange Betting
· Live Betting
· E-Sports Betting
· Others
Sports Type
· Soccer
· Cricket
· Baseball
· Basketball
· Tennis
· Horse Riding
· Hockey
· Others
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· William Hill Plc
· Dream 11
· My 11 Circle
· Spartech Plc
· IGT
· Flutter Entertainment Plc
· Churchill Downs Incorporated
· Entain Plc
· Bet365
· 888 Holdings Plc
· Betsson AB
· Other Players

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