LONDON– (BUSINESS WIRE) -#ConsumerDiscretionary–Technavio forecast analysts global sports betting market to grow at CAGR close to 9% during the forecast period, according to their latest market research report.


The legalization of sports betting is one of the major trends being witnessed in the sports betting market 2018-2022. With immense support for legalizing sports betting, they are expected to legalize sports betting, which would help generate massive revenue. This development would also help achieve more engagement with sports fans, thereby driving market growth.

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According to Technavio analysts, one of the key factors contributing to the growth of global sports

Sports betting market: Increasing popularity of e-sports betting

The emergence of electronic systems to facilitate gaming competition, contributing to the growth of the e-sports industry. Owing to this popularity and growth, leading bookmarkers offer regular bets on numerous e-sports matches. Moreover, the betting volume for e-sports is increasing over other categories such as golf, tennis, rugby, and others. Thus, the broadening of the e-sports platform will drive the revenue generation in the sports betting industry.

According to a senior analyst at Technavio for Research on Leisure Products, "Bets will be used to increase the number of bets on the market during the forecast period."

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Sports betting market: Segmentation analysis

The global sports betting market research report provides market segmentation by betting platform (online and offline) and by geography (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The largest market share in 2017, accounting for close to 41% share, followed by the EMEA and APAC, respectively. The market for food and agriculture has increased its market share in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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