Sports Betting Market Report 2024 (Global Edition)

Global Sports Betting Market Report 2024 Market Size Split by Deployment Type (On-Premise, Cloud Based), by Application (Draw games, Instant Games, Lotto, Numbers Games, Others), by Distribution chan...

Sports Betting Market Report Description

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Sports Betting Market Insights Video

Company Profile:

Playtech Plc

Playtech is the gambling industry's leading technology company delivering business intelligence-driven gambling software, services, content, and platform technology across the industry’s most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo, and poker. It is the pioneer of Omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data-driven marketing expertise, single wallet functionality, CRM, and responsible gambling solutions across one single platform across product verticals and across retail and online. Playtech partners with and invests in leading brands in regulated and newly regulated markets to deliver its data-driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry’s leading retail and online operators, land-based casino groups, and government-sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting, and gaming company in online and retail in Italy. Playtech's Financials Division, named Finalto, is a leading technology provider in the CFD and financial trading industry and operates both on a B2B and B2C basis.

BetConstruct

BetConstruct’s innovative and proven offerings include Online and Retails Sportsbook, Classic Casino and Virtual Reality RNG & Live Casinos, Poker, Skill Games, Fantasy Sports, Social Gaming Platforms, Sports Data Solutions, and more – all ready to be launched and managed through SpringBME, its pioneering Business Management Environment. BetConstruct's Spring Platform has powerful back office tools and all-inclusive services all partners benefit from. From stand-alone setup to turn-key and white-label solutions, BetConstruct offers its partners an unparalleled opportunity to succeed.

News:

• In July 2022,

888 Holdings PLC Completes the acquisition of William Hill International

888 Holdings acquired William Hill’s non-US business from Caesars Entertainment to create a powerful, global betting and gaming business. This acquisition is expected to create significant value for shareholders, creating a combined business with leading technology, products, and brands across sports betting and gaming.

Top Companies Market Share in Sports Betting Industry: (In no particular order of Rank)

• William Hill
• Entain
• 888 Holdings
• Betconstruct
• Playtech Plc
• Kindred Group plc
• Flutter Entertainment plc
• The Stars Group Inc
• Bet365
• Bet-at-home.com
• BetAmerica
• Betfred
• Betsson
• Draft Kings
• Fan duel
• Gala coral group
• Ladbrokes
• Sportech PLC
• TVG
• Twinspires
• Watch and Wager
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Sports Betting Market Regional Analysis:

North America is expected to register the fastest growth during the forecast period of analysis. This is attributed to the legalization of sports gambling across the countries in this region. For instance, Americans have bet $125bn on sports in four years since a US supreme court ruling cleared the way for all 50 states to offer it. 

The current report Scope analyzes Sports Betting Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Sports Betting Market Analysis

Sports Betting Market, by Deployment Type

On-Premise

On-premises: On-premises software is installed and runs on computers on the premises of the person or organization using the software, rather than at a remote facility such as a server farm or cloud. On-premise software requires that an enterprise purchases a license or a copy of the software to use it. Because the software itself is licensed and the entire instance of the software resides within an organization’s premises. Many companies opt for on-premises because it doesn’t require third-party access, gives owners physical control over the server hardware and software, and does not require them to pay month after month for access.

Cloud-Based

Cloud-based is a term that refers to applications, services, or resources made available to users on demand via the Internet from a cloud computing provider's servers. Cloud computing is the delivery of different services through the Internet. These resources include tools and applications like data storage, servers, databases, networking, and software. Rather than keeping files on a proprietary hard drive or local storage device, cloud-based storage makes it possible to save them to a remote database. As long as an electronic device has access to the web, it has access to the data and the software programs to run it. Cloud computing is a popular option for people and businesses for a number of reasons including cost savings, increased productivity, speed and efficiency, performance, and security.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sports Betting Industry. Request a Free Sample PDF!

Sports Betting Market, by Application

Draw games

It is a domino game in which a player who has no playable piece is forced to draw from the stock until one is obtained. A draw game does not have a minimum requirement to open.

Instant Games

Instant games started to gain people's attention these days. But, very little of people who played instant games understand the meaning behind the name. According to the Oxford dictionary, instant means happening or coming immediately, prepared quickly and with little effort, a very short time; a moment. The instant game means a game that needs a little effort to be played or can be played immediately.

Lotto

Lotto is a game of chance in which a leader draws numbered disks at random from a stock and the players cover the corresponding numbers on their cards or tickets, the winner being the first to cover a complete row.

Numbers Games

Numbers game, also known as a numbers racket, policy racket, Italian lottery, or nigger pool, is a lottery played mostly in poor neighborhoods in the United States, wherein a better attempts to pick three digits to match those that will be randomly drawn the following day. A gambler places a bet with a bookie at a tavern or other semi-private place that acts as a betting parlor. A runner carries the money and betting slips between the betting parlors and the headquarters, called a numbers bank or policy bank.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sports Betting Distribution channel Segment Analysis

Online

It is for any website or business is to bring the products or services to the right people and to reach the target audience. There are a number of different distribution channels available on the Internet which could be utilized efficiently to the benefits of your website. The current trend of the Internet is social interactions, and the trend is here to stay for a while. Multi-million corporations are in the hunt to acquire popular social networking sites because they understand the potential and the impact social networking has on Internet users.

Offline

A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service. In a direct distribution channel, the manufacturer sells directly to the consumer. Indirect channels involve multiple intermediaries before the product ends up in the hands of the consumer.

• Online
• Offline

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion