sports betting industry dollar size 2025

Region based analysis of the online gambling marketĮurope stands as the region having the largest share in terms of revenue in the online gambling market and has been expected to hold its top position for years to come. Illegal gambling is also a challenge for the market, as per reports the illegal market for gambling is worth USD 1.7 trillion. The market is challenged by data privacy and theft concerns as hackers can steal money identities and other personal information easily. As per reports more than 60% of the betters are below the age of 40. Sports betting legalization has resulted in huge flock of people making bets online. It is a heavily profitable industry where people with any age could bet, especially now the millennials have entered the market in big numbers. Sports betting is quite popular in many countries such as North America, India and other European countries where sports is extremely popular. The AI is capable of determining which of the game players browse more frequently as well as the frequent traffic on the website, how the website is getting accessed, how much the customer wagers on the events and games. The AI platforms have largely helped to transform the industry. Additionally, introduction of AI technology in online casino market is also propelling the market growth. The live casinos with real money have developed into a multibillion dollars industry which will be grown in the future. There has been a significant growth in the rise of online casinos, online poker rooms, sportsbook, live casinos and other services. It will keep rising at a steady and impressive pace between the forecast period of 2022 to 2030.Ĭlick here to get our sample report pages on online gambling market

In the past few decades, the internet and smartphones have facilitated the rise of online gambling, and have driven the market for online gambling further. Money can be betted on sports, poker casinos etc. Gambling has been played for many years on sports events. As per research conducted by Acumen research and consulting the global online gambling market size will grow at a CAGR of 11.6% with valuation reaching USD 172 billion by 2030.

Sports betting industry dollar size 2025