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Reports & Data

The sports betting market size expected to see steady growth in the next few years

Wednesday 13 de March 2024 / 12:00

2 minutos de lectura

(Dublin).- The "Sports Betting Global Market Report 2024" report has been added to's offering. The sports betting market size is expected to see steady growth in the next few years. It will grow to $137.48 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. 

The sports betting market size expected to see steady growth in the next few years

Forecasted growth is attributed to the rising focus on virtual sports betting, product innovations, increased adoption of 5G networks, a surge in mergers and acquisitions, urbanization, and higher internet penetration. Key trends include the adoption of augmented reality and virtual reality, emphasis on mobile betting services, integration of artificial intelligence in betting platforms, increased investment, strategic partnerships, utilization of blockchain technology, and the integration of live streaming in mobile sportsbooks.

Anticipated growth in the sports betting market is fueled by the expanding landscape of sports leagues and events. These competitions, comprising clubs, nations, associations, or individuals vying for championship titles, are structured within specific schedules or seasons. They necessitate full participation from all teams or members to determine an ultimate champion. Presently, a Wire-published study reveals an active presence of over 100 professional leagues worldwide across diverse sports. The emergence of new professional sports leagues globally offers consumers opportunities for diversified betting, consequently propelling the sports betting market's expansion.

Integration of AI and blockchain technologies into sports betting applications stands as a prominent and increasingly favored trend within the sports betting services market. Sports betting applications are embracing blockchain innovations to automate real-time data processing through smart contracts, facilitating tasks such as payment processing, bet confirmations, historical event analysis, monitoring, and record-keeping. Bitgame, a Poland-based sports betting platform operator, exemplified this trend in May 2021 by launching a blockchain-powered sports betting platform, merging blockchain-secured cryptocurrencies with the betting experience to offer customers a seamless and interactive platform.

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Categoría:Reports & Data

Tags: Sin tags

País: Ireland

Región: EMEA



09 de April 2024

EGT & EGT Digital impressed at GAT Expo 2024 showcasing their innovative iGaming solutions

(Cartagena de Indias, SoloAzar Exclusive).- Ms. Silviya Marinova, Director of EGT Colombia, granted an interview to SoloAzar about the performance of the firm at the latest edition of GAT Expo Cartagena. She spoke about the highlights of the tradeshow, the latest innovations showcased including the Phoenix slot cabinet and the all-in-one betting platform X-Nave. She also remarked the importance of their presence in the iGaming Colombian market.

Wednesday 22 May 2024 / 12:00

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00


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