This site uses cookies. When you browse the site you are consenting to its use. Know more.

Sports betting tends to have a higher volume in the coming years

Sports betting tends to have a higher volume in the coming years
Sports betting accounts for around 70% of the world's gaming revenue, being considered greater than any other active sector such as lotteries, poker, casinos and other modalities.
by Academia   |   comments 0

As we know and see, the sports betting sector grows gradually over the days and years, going through several changes and recognition in the market. The popularity of sports betting is something extremely incredible.

According to the report released by the company Zion Market Research, which indicated that sports betting currently accounts for around 70% of the world's gaming revenue, being considered larger than any other active sector such as lotteries, poker, casinos and other modes that have some link with betting.

We are aware that today, the most targeted market for sports betting is that of European football, where the revenue is of an extremely satisfactory margin, with baseball in second place. However, it should be noted that eSports that are helping the growth of sports betting in a regular and growing way, making the market get more and more momentum.

Because of this, virtual sports betting platforms have become a means of making it easier to access and explore what sports betting has to offer bettors. However, there is still strong regulation from several governments on this online market sector.

According to a published report, the sports betting market worldwide was valued at US$104.31 billion (short scale) in 2017 and now researchers indicate that the estimate for 2024 will reach US$155.49 billion (short scale), saying that the Compound Annual Growth Rate is 8.83% from 2018 to 2024.

In 2018, the sports betting market had made about $ 48.9 billion in revenue, what Transparency Market Research estimates is that by 2027 this number will expand to US$ 134.5 billion (short scale).

It is worth mentioning that in 2018 the Supreme Court (USA) had decreed the end of the ban on sports betting, causing states to seek the legalization of this market. New Jersey was the first state that actually placed sports betting legally in its economic sectors, while California is still in a standstill.

Share "Sports betting tends to have a higher volume in the coming years" via: