Cricket Betting Market

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Cricket Betting Market

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Therefore, if you are looking for a premium gambling experience with good and fast payouts, 7Cric is the perfect choice. Sports Betting Market (By Platform: Offline, Online; By Type: Fixed Odds Betting, Exchange Betting, Live/In Play Betting, Pari-mutuel, eSports Betting, Other; By Sports: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

According to a new report from Vision Research Reports, the global sports betting market will be worth around US$ 150 billion by 2030.

The global sports betting market was estimated at USD 67 billion in 2020 and is expected to grow at a CAGR of 10.5% during the forecast period 2021 to 2030.

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888 Holdings Ple; Bet365; Betsson AB; Churchill Downs Incorporated; Have plc; Flutter Entertainment Plc; IGT; Cousins ​​Group Plc; Sportech Plc; William Hill Plc

Developments in digital infrastructure and penetration of connected devices are key factors driving the market. In addition, the increased number of sports events and the demand for sports betting platforms.

Sports betting is the activity of predicting sports events and placing bets on the outcome. Most bets are placed on sports such as football, baseball, basketball, hockey, cricket, boxing and motor racing. But sports betting also applies to non-sports events like horse racing and eSports.

Factors such as the penetration of connected devices, regulatory change of the entire gambling industry and the growth of digital infrastructure ultimately provide the demand for sports betting. In addition, with the increased number of league games and events, the demand for sports betting is growing among millennials and seniors worldwide.

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In 2021, the offline segment accounts for the largest revenue share at over 51% and is expected to maintain its lead during the forecast period. The online segment is expected to exhibit the fastest growth during the forecast period. According to the platform, the market is divided into online and online sports betting.

The fixed odds betting segment is estimated to account for the largest share of revenues at over 26% in 2021 and is expected to maintain its lead over the forecast period. This can be explained by the common type of betting among people who bet on sports like baseball, football, hockey, horse racing and basketball all over the world.

The eSports betting segment is projected to grow at the fastest CAGR of 24.4% during the forecast period. The growth of the segment can be attributed to the growing popularity among mobile and desktop games among the youth, such as CS:GO, Dota 2, PUBG and Fortnite, as well as the increased number of popular gambling games.

The football segment is estimated to account for the largest share of revenue at over 31% in 2021 and is projected to exhibit the highest CAGR during the forecast period. The growth of this segment can be attributed to the popularity of this game and its huge fan base worldwide thanks to footballers like Lionel Messi, Cristiano Ronaldo, Neymar and Robert Lewandowski.

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The basketball segment is second in revenue share in 2019. The growth of this segment can be attributed to the ease of playing and betting on this game.

Europe is estimated to account for the largest share of revenues over 36% in 2021 and is expected to maintain its position during the forecast period. The growth of the regional market can be attributed to the security laws and regulations for online betting in most countries in the region. Additionally, countries such as Germany and Great Britain are known for popular sports such as horse racing and football, as well as popular football clubs such as Liverpool, Manchester United and Chelsea FC.

Asia Pacific is estimated to be the second largest revenue share by 2021 and is expected to grow at a CAGR of 12.5% ​​during the forecast period. Factors such as increasing number of people betting on sports events such as cricket, hockey, football and basketball are driving the growth of the market in this region.

The Sports Betting market research report includes definition, classification, product classification, product application, development trend, product technology, competitive landscape, industry chain structure, industry overview, national strategy and industry strategy analysis, latest dynamic analysis etc. and even greater. The study includes the drivers and restraints of the global market. The impact of these factors and constraints on demand forecasting is covered. The report also highlights the market opportunity at the global level.

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The report provides the size (by volume and value) of the sports betting market for the base year 2020 and the forecast period between 2021 and 2030. The forum should be evaluated according to the form and application. Market size and forecast for each application segment is provided for the global and regional market.

This report focuses on the global sports market status, future forecasts, growth opportunities, key markets and key players. The aim of the study is to present the development of sports betting markets in the United States, Europe and China.

It is important to note that in the volatile global economy, we have not only forecasted the sports betting market in terms of CAGR, but also the market based on the key environment including the year (Y-o-Y), to understand the market definition. and to present useful information and opportunities in the market.

In terms of production, this report studies Sports Betting capacity, production, price, ex-factory price, growth rate, market share for major manufacturers, regions (or regions) and type.

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In terms of consumption, this report focuses on the consumption of sports betting by regions (countries) and applications.

Buyers of the report will have access to validating market data, including global market size in terms of revenue and volume. As part of the production analysis, the authors of the report have provided accurate estimates and calculations of global revenue and volume by segment type of the global sports betting market. These figures are in terms of both revenue and volume for the period from 2017 to 2030. Furthermore, the report provides specific information by region in terms of revenue and volume for the same period. The report also includes production capacity statistics for the same period.

Regarding manufacturing bases and technologies, research in this report