The most used sports betting website or app in the United States as of January 2024 was DraftKings, with 35 percent of sports bettors saying they used the platform. FanDuel followed close behind, with 32 percent. When was sports betting legalized in the U.S.? In 2018, sports betting was legalized in the United States at the federal level, but each state remained in control of its own regulations. As a result, the sports betting landscape is complicated as each state can legalize and regulate as they see fit. As of September 2024, the number of U.S. states that had legalized sports betting totaled 30. Among which consumers is sports betting most popular? The sports betting industry in the United States is supported by many different types of consumers. In a 2023 survey on the share of respondents who participate in sports betting by gender, the majority of those were male. In a similar 2023 survey on the frequency of adults betting on sporting events by age, respondents of all age groups reported that they participated in sports betting, though the largest percentages were in younger age groups.

The Sports Data API Interface market is experiencing robust growth, driven by the increasing popularity of esports and the rising demand for real-time sports data across various applications. The market, currently valued at $4.5 billion in 2025, is projected to exhibit a significant Compound Annual Growth Rate (CAGR), estimated conservatively at 15% through 2033, reaching an estimated value exceeding $12 billion. This expansion is fueled by several key factors. Firstly, the proliferation of fantasy sports platforms and betting applications necessitates access to accurate and timely data, significantly boosting API adoption. Secondly, the growing integration of data analytics within sports organizations for performance enhancement and strategic decision-making further contributes to market growth. Finally, the ongoing technological advancements facilitating faster data transmission and processing coupled with improved API functionalities are driving market expansion across segments. The market segmentation reveals diverse applications, with sports companies, lottery ecosystems, and professional clubs leading the adoption. The eSports API segment is anticipated to showcase exceptional growth due to the explosive popularity of competitive gaming. Geographically, North America and Europe currently dominate the market, owing to strong established sports infrastructure and high digital penetration. However, the Asia-Pacific region, particularly China and India, is poised for significant expansion driven by increasing internet and smartphone usage along with growing interest in sports and esports. While data security and API reliability remain potential restraints, the overall market outlook is exceptionally positive, promising significant opportunities for both established players and new entrants. The competitive landscape is characterized by a mix of large multinational corporations and specialized API providers, all vying for market share within this rapidly evolving digital sports ecosystem.

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The sports betting market is expected to grow at a CAGR of 10% during the forecast period. Digital revolution, Increasing commercialization of sports events, and Legalization of sports betting are some of the significant factors fueling sports betting market growth.

The sports betting market report also provides several other key information including:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive sports betting market growth during the next five years
Precise estimation of the sports betting market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the sports betting market industry across APAC, Europe, North America, MEA, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of sports betting market vendors

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This sports betting market trend report not only comprises information on current market trends but also upcoming trends. This enables the vendors to make key decisions regarding their future strategies. The market segment analysis and the market forecast help vendors to make informed decisions.

detailed analysis of data from such trends data will assist market vendors to make informed decisions that will drive the growth of this industry. For more information on market trends click here.

The global sports analytics software market is experiencing robust growth, driven by the increasing adoption of data-driven strategies by sports teams, leagues, and media organizations. The market's expansion is fueled by several key factors. Firstly, the proliferation of wearable technology and sophisticated tracking systems generates vast amounts of data, demanding advanced analytical tools for effective interpretation and action. Secondly, the competitive nature of professional sports necessitates data-driven decision-making for optimizing player performance, strategic planning, and talent acquisition. Thirdly, the rising popularity of fantasy sports and sports betting further fuels demand for accurate and insightful analytics. We estimate the current market size (2025) to be around $2.5 billion, based on typical growth rates observed in the software sector and considering the expanding application of analytics across various sports. This market is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of approximately 15% through 2033, reaching an estimated value exceeding $8 billion. Segmentation reveals that cricket, football (soccer), and basketball dominate the sports type segment, while applications in sports media and sports leagues/teams represent the largest market shares. North America and Europe currently lead the regional markets, fueled by strong technological infrastructure and a mature sports industry. However, growth in Asia-Pacific, particularly in India and China, is expected to be significant over the forecast period driven by the increasing popularity of sports and investment in technological advancements. While the market faces restraints such as the high cost of advanced analytics software and the need for specialized expertise, these are largely offset by the competitive advantages and increased revenue generation potential that data-driven strategies offer. The competitive landscape is populated by established software providers, alongside specialized sports analytics firms offering niche solutions. The market will likely see further consolidation and innovation as new technologies and analytical techniques emerge.

Global Virtual Sports Betting Market size was valued at USD 8.45 billion in 2021 and is poised to grow from USD 9.12 billion in 2022 to USD 35.54 billion by 2030, growing at a CAGR of 17.3%

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Fantasy Sports Market Size 2025-2029

The fantasy sports market size is forecast to increase by USD 10.13 billion at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing popularity of mobile applications and the use of these platforms for brand promotion. According to recent estimates, the number of fantasy sports users worldwide is projected to reach millions, with a substantial portion of this growth coming from mobile users. This trend is being fueled by the convenience and accessibility offered by mobile apps, which enable users to participate in real-time contests and manage their teams from anywhere. However, the market also faces challenges, including the uncertain regulatory environment and concerns over the potential negative effects of fantasy sports on health. 
As governments and regulatory bodies continue to scrutinize the industry, companies must navigate these complexities to ensure compliance and maintain a strong market position. Additionally, the potential for addiction and other negative health effects associated with gaming is a concern for both regulators and consumers. To capitalize on market opportunities and navigate challenges effectively, companies must stay abreast of regulatory developments and invest in responsible gaming initiatives. By focusing on user experience, data analytics, and strategic partnerships, fantasy sports providers can differentiate themselves and maintain a competitive edge in this dynamic market.

What will be the Size of the Fantasy Sports Market During the Forecast Period?

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Software engineers and data scientists are crucial contributors to the industry's advancement, driving the development of sophisticated algorithms and user experiences. The global sports tech sector's continued expansion underscores the enduring popularity of fantasy sports and the significant opportunities it presents for investors and entrepreneurs.

How is this Fantasy Sports Industry segmented?

The fantasy sports industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fantasy soccer
  Fantasy baseball
  Fantasy basketball
  Fantasy football
  Others


Platform

  Mobile application
  Website


Application

  Individual Competition
  Team Competition


Demographic

  Under 25 Years
  Between 25 and 40 Years
  Above 40 Years


Geography

  North America

    Canada
    Mexico
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Product Insights

The fantasy soccer segment is estimated to witness significant growth during the forecast period. Fantasy soccer is a popular form of sports entertainment where participants build virtual teams of real-life soccer players and earn points based on their actual on-field performance. Soccer's global fan base supports the growth of this segment, with prominent leagues including Draft Fantasy Football, McDonald FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. The appeal of fantasy soccer is amplified by the flexibility to trade players before the season begins on high-speed internet platforms. The online gaming business continues to expand, integrating user interfaces, social interaction, and daily fantasy contests. Additionally, e-sports, virtual trading, and NFT-based games like Reignmakers are gaining traction.

The mobile application sector, including mobile devices and internet connectivity, plays a significant role In the industry's growth. Virtual reality and augmented reality (AR) technologies offer immersive experiences, while secure payment methods, blockchain-based apps, and chatbots ensure user convenience. Despite the legalization of online gambling and sports betting, illegal activities remain a concern. Fantasy Football, soccer, and other sports like basketball, hockey, cricket, badminton, football (rugby), volleyball, and their respective leagues continue to attract fans worldwide. The online sports gambling industry's growth is fueled by increasing internet penetration, sports tech advancements, and the involvement of software engineers, data scientists, cyber security professionals, and sponsorships.

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The fantasy soccer segment was valued at USD 8.78 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the

The global sports industry revenue was forecast to grow in the coming years. In 2022, the industry’s revenue amounted to over 403 billion U.S. dollars and was expected to grow at a compound annual growth rate of 9.13 percent between 2022 and 2028. By 2028, the global sports market was expected to be worth over 680 billion U.S. dollars. This massive industry includes the people, activities, and organizations that are involved with producing, facilitating, or organizing sports activities.

How big is the global sports betting and lottery market?

In 2022, the market size of the sports betting and lottery sector worldwide was valued at around 235.46 billion U.S. dollars. This figure showed a decrease from the previous year's total of 242.82 billion and by 2023, the market was forecast to reach 242 billion. Sports betting is a type of gambling that refers to the activity of placing a wager on the outcome of a sporting event. Events on which wagers are made could be anything from more traditional activities like horse or dog racing, to sports such as soccer and American football.

How big is the global youth sports market?

The youth sports market is a big industry, ranging from organized sports leagues to recreational activities. In 2022, the global market for youth sports was estimated at 37.5 billion U.S. dollars. The market was forecast to increase at a compound annual growth rate of 9.2 percent and reach 69.4 billion U.S. dollars in 2030. Youth sports do not necessarily take place within the education system; however, many competitors involved with youth sports are generally at a primary or secondary level of education and participate in school-organized sport programs.

Market Size and Trends: The global Sports Marketing Intelligence Tools market is projected to reach a staggering XXX million in value by 2033, with a CAGR of XX%. This growth is primarily attributed to the increasing use of advanced analytics and data-driven insights in sports marketing. Key drivers include the rise of data-driven decision-making in sports organizations, the growing popularity of sports betting, and the need for personalized marketing campaigns to enhance fan engagement. However, restraints such as data privacy concerns and the high cost of implementation may hinder market expansion. Competitive Landscape and Regional Outlook: The Sports Marketing Intelligence Tools market is highly competitive, with a wide range of players offering cloud-based and on-premises solutions to large enterprises and SMEs. Prominent vendors include Zoomph, Blinkfire Analytics, Block Six Analytics, and Greenfly. North America remains the dominant region in the market, followed by Europe and Asia Pacific. The United States leads the North American market, while the United Kingdom, Germany, and France are the major contributors to the European market. China and India are expected to be key growth markets in Asia Pacific due to the increasing popularity of sports in these countries. Ongoing technological advancements, such as artificial intelligence and machine learning, are anticipated to drive market innovation and create new opportunities for growth in the coming years.

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Online Gaming Market Size 2025-2029

The online gaming market size is forecast to increase by USD 120.2 million, at a CAGR of 18.8% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. The increasing popularity of e-sports is one such factor, with tournaments and leagues attracting large audiences and sponsorships. Another trend is the growth of the free-to-play model, allowing wider access to games and generating revenue through in-game purchases. However, the market also faces challenges, such as the high infrastructural requirements for supporting online gaming, including strong internet connectivity and powerful gaming systems. These factors create opportunities for market participants to innovate and meet the evolving needs of consumers. Online gaming is set to continue its growth trajectory, offering rich opportunities for businesses and gamers alike.

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The video games market has experienced significant growth in recent years, with B2C enterprises increasingly focusing on digital video games and online gaming options. This shift towards online games and downloadable content has revolutionized the industry, allowing consumers to access a vast array of titles from various genres on multiple platforms. Online games, including mobile games and those offered through gaming networks, have become a popular choice for consumers due to their convenience and accessibility. According to third-party studies and survey results, consumer spending on digital games reached an all-time high in 2020, with mobile games and esports leading the charge. Game genres such as first-person shooters, sports simulations, and 3D games have gained a massive following, particularly among younger demographics. The integration of in-game chat and voice chat features has further enhanced the online gaming experience, enabling players to communicate and collaborate in real-time.
The proliferation of mobile devices and smartphones has expanded the reach of the video games market, allowing players to enjoy their favorite titles on the go. The internet has become an essential component of the gaming landscape, providing a platform for players to connect, compete, and engage with each other. Personal computers and gaming consoles continue to be popular choices for gamers, offering high-quality graphics and gaming experiences. However, the convenience and accessibility of mobile gaming have made it a formidable competitor in the market. Despite the numerous benefits, online gaming and digital games have also raised concerns regarding addiction and its impact on individuals and society. As the video games market continues to evolve, it is crucial for enterprises to address these concerns while providing innovative and engaging gaming experiences for their customers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Platform

  PC
  Console
  Mobile


Type

  Action
  Adventure
  Puzzle
  Arcade
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  South America



  Middle East and Africa

By Platform Insights

The PC segment is estimated to witness significant growth during the forecast period.

The market encompasses various segments, with PC gaming being a significant sector due to its large and dedicated user base. PC gamers value the platform's versatility, high-performance hardware, and extensive game library. The PC gaming market consists of desktop and laptop categories, each catering to distinct preferences. Desktop gaming PCs provide superior components and are popular among enthusiasts seeking high-end capabilities and customizable setups. The market's growth is influenced by factors such as compatibility with various input devices, including keyboards and mice, and the ongoing advancements in technology, like 5G and cloud gaming services. Business models, including monthly fees and free-to-play, cater to diverse consumer needs. Regulated sports betting and data centers support the infrastructure required for seamless gaming experiences through web browsers and streaming services.

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The PC segment was valued at USD 33.10 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 44% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explaine

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US Casino Gaming Market Size 2024-2028

The US casino gaming market size is estimated to grow by USD 9.5 billion accelerating at a CAGR of 3.22% between 2023 and 2028. The online casino industry is experiencing significant growth due to several key factors. Firstly, the increasing spending capability of customers, driven by economic stability and disposable income, is fueling a rise in demand for online gaming. Secondly, the penetration of online casino platforms has expanded exponentially, making gaming more accessible than ever before. Lastly, the easing of government regulations in various jurisdictions has allowed for the legalization and normalization of online casino gaming, further boosting its popularity. These factors combined are creating a favorable environment for the continued growth and success of the online casino industry.

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Market Dynamics

The market is a dynamic and evolving industry, characterized by various gaming options and innovative technologies. The market caters to diverse end-use segments, including online and offline casinos, sports betting, lotteries, and gaming arcades. The market's growth is driven by several factors, including customer preferences for convenience and immersive gaming experiences. In terms of gaming options, the market offers a wide range, from traditional table games like poker and blackjack to slot machines and electronic games. The use of advanced technology, such as virtual reality and augmented reality, is becoming increasingly popular, providing players with a more engaging and interactive experience. The market also prioritizes sustainability, with a focus on eco-friendly packaging options and regulatory compliance. Sustainable packaging materials, such as bioplastics and paper, are gaining popularity, while regulatory pressure and customer awareness are driving the adoption of sustainable practices in the industry. The market is segmented based on end-use and closure options. Closure options include spout closures, which are commonly used in ready-to-drink beverages, and standard closures, which are used in various packaged food and beverage applications. The market also offers various treatment types, such as metal, plastic, and paper, to cater to diverse customer preferences.

Key Market Driver

The growth in spending capability of customers is a key driver boosting the market. The surge in dual-income households in the US signifies higher per capita disposable income, boosting affordability for luxury items and spending capacity. Globally, the workforce's female representation has risen substantially. In 2022, over 57% of US women were employed, and 70% of mothers with children under 18 were part of the workforce, elevating income levels. This economic empowerment has led to increased expenditure on recreational activities like sports betting, also becoming a status symbol among the affluent. The casino gaming market in the US is experiencing significant growth due to rising income levels, increased awareness, and enhanced security measures on online platforms.

Significant Market Trends

The public image enhancement is a key trend shaping the growth of the market in US. The US casino gaming market grapples with a tarnished public perception, leading to bans in certain states based on moral or religious grounds. The industry is often associated with fraud, prompting government monitoring to ensure vendor legitimacy and equal player opportunities. To rebuild trust, increased contributions to social welfare and developmental initiatives are being emphasized. These measures aim to enhance market credibility and encourage player confidence, fostering growth in the forecasted period.

Major Market Challenges

The difficulties in securing online payments is a key factor hindering the growth of the market in US. Most US casino gaming firms process payments via credit or debit cards, necessitating compliance with the Payment Card Industry Data Security Standard (PCI-DSS) to safeguard customers' financial information and minimize fraud. Adhering to PCI-DSS is crucial in reducing the risk of financial losses resulting from card-related fraud. Security solution providers like Thales Solutions offer end-to-end encryption services to enhance payment security for casino gaming companies. However, varying security budgets among companies may limit widespread implementation of external security services, presenting a substantial challenge to the US casino gaming market in the forecast period.

Market Segmentation

The commercial segment is set for significant growth in the US casino gambling market. Dominated by major players like commercial casinos, these establishments offer diverse gaming options, including traditional table games and the latest video slots. Many commercial casinos go beyond gaming, featuring luxury hotels, restaurants,

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Philippines Casino Gaming Market Size 2025-2029

The Philippines casino gaming market size is forecast to increase by USD 3.93 billion at a CAGR of 10.4% between 2024 and 2029.

The Philippine casino gaming market is experiencing significant growth, driven by the surge in tourism and the launch of new gaming products. However, the market faces challenges such as security risks and cybercrime, which require robust security measures to mitigate potential threats. The tourism industry's expansion, particularly in popular destinations like Boracay and Palawan, has led to an increase in demand for casino gaming. 
New product launches, such as online gambling and Sports betting, are also contributing to market growth. Despite these opportunities, the market is not without risks. Security concerns and cybercrime pose a significant challenge, necessitating the implementation of advanced security systems and regulations to ensure player safety and data security.
Overall, the Philippine casino gaming market presents lucrative opportunities for investors, with continued growth expected due to the favorable business environment and increasing demand from both local and international players.

What will be the size of the The Philippines Casino Gaming Market during the forecast period?

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The market is a significant player In the global gaming industry, with a focus on licensed casinos offering various forms of entertainment, including electronic gaming machines (EGMs) and table games such as roulette, blackjack, poker, and bingo. The market caters to both local and international clientele, with a growing trend towards non-junket business models. The Philippine Amusement and Gaming Corporation (PAGCor) oversees the regulation of casino gambling, ensuring responsible gaming practices and addressing concerns related to problem gambling. Gross gaming revenues have been on an upward trajectory, driven by the increasing popularity of casinos as travel destinations for domestic tourists and the expansion of integrated resorts.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Land-based casino gaming
  Online casino gaming


Product

  Slot machines
  Lottery ticket machines
  Electronic roulette
  Multiplayer game stations
  Gaming servers


Geography

  The Philippines

By Type Insights

The land-based casino gaming segment is estimated to witness significant growth during the forecast period.Land-based casinos In the Philippines are physical establishments that provide various gaming experiences, encompassing table games, slot machines, electronic gaming machines (EGMs), and bingo. Integrated resorts frequently house these casinos, offering additional attractions such as hotels, restaurants, and live entertainment. The synergy of gaming and non-gaming amenities appeals to both domestic and foreign tourists, making land-based casinos a popular draw.

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The Land-based casino gaming segment was valued at USD 4.57 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.The market report also includes sports betting sites, although online gambling is subject to strict regulations. Despite the growth, the house edge remains a crucial factor In the financial success of gaming venues. Overall, the Philippines casino gaming market continues to evolve, offering diverse gaming options and entertainment experiences.

What are the key market drivers leading to the rise in adoption of The Philippines Casino Gaming Market?

The casino gaming market in the Philippines is experiencing significant growth, driven primarily by the robust expansion of the tourism industry. Domestic tourism expenditure saw a remarkable increase of 72.3%, rising from USD27.3 billion in 2022 to USD47.1 billion in 2023. Inbound tourism expenditure esxhibited even more impressive growth, reaching a record high of USD12.3 billion in 2023, an 87.7% increase from the previous year. This surge in tourism spending undercores the growing appeal of the Philippines as a prime travel destination, attracting both local and international tourists to various leisure activities, including casino gaming.
Total internal tourism expenditure surged by 75.3%, from USD33.8 billion in 2022 to USD59.4 billion in 2023. This substantial growth in tourism expenditure translates to increased foot traffic