Top Companies in Sports Betting Market | Top Key Players Size & Share, Market Insights, Revenue, Sales Volume | Vantage Market Research
The industry for Sports Betting is growing fast due to urbanization. Sports Betting is a form of gambling in which bets are placed after predicting the outcomes of various sporting events.
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Market Overview:
The Global Sports Betting Market was valued at USD 74.2 Billion in the year 2021 and is forecast to reach a value of USD 129.3 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.7% over the forecast period. Sports Betting is a form of gambling in which bets are placed after predicting the outcomes of various sporting events. This category includes a variety of sports, including, among others, football, horse racing, and poker. Both players and sports bettors can develop their skills through the game. The market has benefited from the surge in investments in online Sports Betting platforms brought about by the increased internet penetration. For instance, more than 4.8 billion people utilize the internet worldwide, according to DataReportal's Global Social Media Overview April 2021. Players participating in online betting can use internet-connected gadgets to view betting activity in real-time.
Sports Betting platform providers are investing in research and development operations to introduce innovations to the market and give customers a better experience. Additionally, the sports market is evolving due to increased competition. The market is also influenced by the use of instant messaging and video streaming, as well as by changes in the regulatory environment for the entire gambling sector. The growth of distribution channels, the surge in middle-class consumers' spending power, increased product awareness, and innovative strategic marketing initiatives all favor the Sports Betting market. Additionally, in the projected period, the use of 5G networks and AI and blockchain technologies expand the lucrative potential for market participants.
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Some of the key players operating in the Sports Betting Market are listed below:
|
Company Name |
Revenue in the US |
|
$847 Million |
|
$3 Billion |
|
$699 Million |
|
$1 Billion |
|
$5 Billion |
|
$8 Billion |
|
$3 Billion |
|
$145 Million |
|
$34 Million |
|
$1 Billion |
888 Holdings Public Limited Company is one of the world's most popular online gaming entertainment companies. It develops and manages principal aspects of its operations in-house, including software development, marketing, business development, back-office payment processing, risk management, and member relationship management. The Company specializes in entertainment, software development, web development, mobile apps, online casino & poker, Sports Betting, interactive games, UX & UI, Technology, creativity, and innovation. It is an Israel-based company founded in the year 1997.
Bet365 is one of the world's leading online gambling companies and is a driving force in developing enterprise and Internet technology. The Company was established in 2000 in the United Kingdom. Bet 365 specializes in Sports Betting, Online casinos, Poker, Games, Bingo, Innovation, Research & Development, Software Development, Technology, Software Development, Dev-Ops, Product Development, Customer Service, and Responsible Gambling.
Betsson AB is a holding firm that invests in and oversees fast-growing online gambling companies. The Company is one of the largest in online gaming in Europe. It was founded in 1963 and had its headquarters in Sweden. The Company specializes in Technology, sports, casinos, Online, Marketing, and Customer Service.
The Company was founded in the year 1885 in the United States. It is a racing, gaming, and online entertainment company. It mainly focuses on Horse racing, Casino Gaming, Online Pari-Mutuel Wagering, and Entertainment. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming.
Entain PLC is one of the world's largest Sports Betting and gaming entertainment groups. The Company specializes in Online Gaming, Gambling, Sports Betting, Poker, Bingo, Casino, Digital, Technology, Customer Service, CRM, and Online Digital Games, to name a few. The Company was founded in 2004 and had its headquarters in the Isle of Man. The Company offers Sports Betting, casino, poker, and bingo gaming solutions via its technology platform. It operates through four segments: Online, Retail, Corporate and Other.
Flutter Entertainment Public Limited Company is an Irish bookmaking holding company founded in 2016. The Company is the merger of Paddy Power and Betfair and the acquisition of the Stars Group. The Company's Retail segment covers Sports Betting and gaming machine services delivered through licensed bookmaking shop estates in the United Kingdom and Ireland.
IGT or International Gaming Technology is a global leader in gaming. The Company's headquarters are in the United Kingdom, and it was founded in 1974. From Lotteries and Gaming Machines to Sports Betting and Digital, the firm provides players with enjoyable and responsible gaming experiences across all channels and regulated areas. Our solutions create unique gaming experiences that engage players and promote development by leveraging a plethora of appealing content, significant investment in innovation, player insights, operational expertise, and cutting-edge technology. The Company specializes in gaming across all channels and regulated segments, Online, social, & mobile gaming content, Casino Game Development, Lottery, and Sports Betting.
The Company was founded in the year 1997 in Europe. It is an online gambling company consisting of several brands. The Company offers online casinos, poker, bingo, and Sports Betting. The Company specializes in Sports Betting, Mobile Betting, Casino, Poker, Bingo, Live Casino, Games, Mobile Casino, Responsible gambling, Sports, Technology, Software development, Gambling, Data, Customer Experience, UX, and UI.
Sportech Public Limited Company is a licensed operator offering gaming entertainment in the United Kingdom. The Company runs its business in both offline and digital forms. The Company also provides world-class lottery technology solutions. The Company was founded in the year 1979.
William Hill Public Limited Company is a company based in the United Kingdom and founded in the year 1934. It is a global online gambling company. Their ambition is to build a digitally-led, internationally diverse gambling company of a large scale. The Company specializes in Bookmaking, Betting shops, and Online Gambling. Caesars Entertainment acquired the Company in April 2021.
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