Sports Betting Industry Trends & Marketing Stats
Sports Betting Industry Stats Global Market Size: The global sports betting market was estimated to be worth over $85 billion in 2020, and it was projected to reach around $155 billion by 2024, with a compound annual growth rate (CAGR) of approximately 10%. Online Betting Dominance: Online sports betting has been experiencing significant growth and has become the dominant segment of the industry. It accounted for the largest share of the market, surpassing traditional retail sports betting. Regional Markets: The sports betting industry varies in size and regulations across different regions. Europe has traditionally been one of the largest markets for sports betting, with countries like the United Kingdom and Germany being significant contributors. North America has seen a rapid expansion of legalized sports betting following the U.S. Supreme Court's decision to strike down the federal ban on sports betting in 2018. Football (Soccer) Dominance: Football soccer betting is the m