The sports continues to surge in popularity. It’s among the fastest-growing sectors in the world, offering enormous potential for both sportsbooks and bettors. With the digital revolution in full swing, the sports betting industry continues to undergo dynamic changes, expanding in established markets and hammering its way to new ones.
In this article, we’ll lay out the general size of the worldwide sports betting market, research some projections for the future expansion, and attempt to pin down the root causes of this rapid marketplace expansion.How Huge Is your Sports Betting Market?
How Massive Is the Sports Betting Market?
It is important to recognize the overall size of the sports betting market isn’t easy to estimate because regulations and record keeping are inconsistent. There’s no resource, from nation to nation, that investigators can rely on. Records are too disparate to paint an entirely accurate picture.
Nevertheless, it does not mean that there are quotes. International sports is estimated to have a market capitalization of $250 billion. According to Statistica, a highly-reputable company, accredited online sportsbooks (such as the ones we review) account for upwards of $39.7 billion of the revenue.
The rest of these sports stakes are staked at venues like at casinos horse tracks, or alternative conduits that were global.
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