Global Online Sports Betting Market size was USD 54.56 billion in 2023 and is grow to around USD 142.56 billion by 2032 with a CAGR of roughly 10.5%.

As per Cognitive Market Research's latest published report, the Global Sports Betting market size will be $587.57 Billion by 2030. Sports Betting Industry's Compound Annual Growth Rate will be 11.49% from 2023 to 2030. Factors Impacting on Sports Betting Market

Rapid adoption of Smartphones

The mobile-phone market has changed from a new purchase market to a replacement market when it is matured. At the same time, smartphones come into the spotlight as an alternative to feature phones in the mobile-phone market. Since the characteristics of ‘smartphones’ are greatly different from those of ‘feature phones’ in that more technologies are incorporated and more functionalities are provided to users by smartphones, factors that can affect the adoption of smartphones and feature phones might not be the same.

Some 87% of smartphone owners access the internet or email on their handheld, including two-thirds (68%) who do so on a typical day. When asked what device they normally use to access the internet, 25% of smartphone owners say that they mostly go online using their phone, rather than with a computer. While many of these individuals have other sources of online access at home, roughly one-third of these “cell mostly” internet users lack a high-speed home broadband connection. Smartphone owners under the age of 30, non-white smartphone users, and smartphone owners with relatively low income and education levels are particularly likely to say that they mostly go online using their phones. Many companies focus on developing software or apps which are easily accessible on mobile phones.

Sports betting software producers are also focusing on developing such software. Also, the handy use of smartphones attracts software developers to develop mobile-configured sports betting software. Therefore rise in the use of smartphones is expected to drive the use of the sports betting software market.

Restraints for Sports Betting Market

Risks related to sports betting. (Access Detailed Analysis in the Full Report Version)

Opportunities for Sports Betting Market

Rising Government Initiatives. (Access Detailed Analysis in the Full Report Version)

Introduction of Sports Betting

Sports betting can easily be defined as one of the most widely-spread forms of gambling. In general terms, sports’ betting is placing a wager, commonly referred to as a bet, on the outcome of a particular sports event. It dates back hundreds of years ago, although it is difficult to trace back exactly where and when it all started. It’s safe to say people have been wagering on the results of sports events ever since the latter came to be recognized as such. Some suggest bets were placed for the first time in Ancient Greece, while others insist there is evidence of similar betting activities even before that. Today, sports’ betting has achieved the status of a favorite pastime of millions of sports fans around the world. It generates mind-boggling revenues. With the advent of online bookmakers, it’s easier than ever to place a bet on favorite sport without having to leave home. Bets can be placed on all kinds of sports ranging from popular options like football and basketball to horse or greyhounds racings. Placing bets on sports, both offline and online, is considered legal in most countries throughout the globe. If you’re looking for an online betting destination, you should first make sure you bet at a legitimate web-based sports bookmaker. Usually, legit bookmakers stand out with greater transparency and openly display their license numbers, as well as the names of the authorities and commissions which regulate them. Keep in mind different jurisdictions impose different regulatory practices, some are stricter than others and vice versa. This naturally is reflected in the betting operators’ fairness to punters. Many online bookmakers welcome punters from countries where such activities are deemed illegal. Their argument for doing so is that since they’re based and licensed in jurisdictions where online betting is legal, they are not breaking the law. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and illegal, underground cockfighting.

Learn more about the Online Sports Betting Market Report by Market Research Intellect, which stood at USD 76.83 billion in 2024 and is forecast to expand to USD 141.83 billion by 2033, growing at a CAGR of 8.12%.Discover how new strategies, rising investments, and top players are shaping the future.

Global Sports Betting Market size worth at USD 61.32 Billion in 2023 and projected to USD 156.86 Billion by 2032, with a CAGR of around 11% between 2024-2032.

Learn more about the Live Betting (In-Play Betting) Market Report by Market Research Intellect, which stood at USD 5.2 billion in 2024 and is forecast to expand to USD 12.4 billion by 2033, growing at a CAGR of 10.4%.Discover how new strategies, rising investments, and top players are shaping the future.

Regular season matches from the National Football League occurring between 2002-2022 were stratified according to their sportsbook point spread. Each set of 3 grouped rows corresponds to a subsample of matches with a common sportsbook point spread. The “level” column indicates whether the row pertains to the 95% confidence interval (0.025 and 0.975 quantiles) or the mean value across bootstrap resamples. The dependent variables include the 0.476, 0.5, and 0.524 quantiles, as well as the expected profit of wagering on the side with higher likelihood of winning the bet for hypothetical point spreads that deviate from the median outcome by 1, 2, and 3 points, respectively.

Discover Market Research Intellect's Esports And Traditional Sports Betting Market Report, worth USD 92.9 billion in 2024 and projected to hit USD 200 billion by 2033, registering a CAGR of 9.2% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

Matches were stratified into 24 subsamples defined by the value of the sportsbook total. The dependent variables are the 0.476, 0.5, and 0.524 quantiles of the true point total, as well as the expected profit of wagering conditioned on the amount of bias in the sportsbook’s total.

In 2023, the national lottery Loteria Română had a revenue of over **** billion Romanian lei, however, the source did not provide data for 2024. It was followed by Superbet with a revenue of nearly *** billion Romanian lei. Even though Romanian society is trying to fight the spread of gambling addiction, the top five companies still had an increase in revenue since 2022.

La taille du marché mondial des paris sportifs en ligne était de 54.56 milliards USD en 2023 et devrait atteindre environ 142.56 milliards USD d'ici 2032 avec un TCAC d'environ 10.5 %.

Der globale Markt für Online-Sportwetten hatte im Jahr 2023 ein Volumen von 54.56 Milliarden US-Dollar und wird bis 2032 auf rund 142.56 Milliarden US-Dollar wachsen, was einer durchschnittlichen jährlichen Wachstumsrate von etwa 10.5 % entspricht.

The COVID-19 pandemic that spread across the world at the beginning of 2020 was not only a big threat to public health, but also to the entire entertainment industry. While cinemas and theaters closed their doors to try to stem the spread of the disease, many people turned to home entertainment during periods of self-isolation. From March 16 to March 22, a total of 4.3 million games were sold worldwide. This 63 percent total increase from the previous week is, in part, due to the release of Animal Crossing: New Horizons by Nintendo. However, like-for-like game sales also increased by 44 percent, suggesting that many people were turning to video gaming to keep them entertained through the crisis.

La taille du marché mondial des paris sportifs est estimée à 61.32 milliards USD en 2023 et devrait atteindre 156.86 milliards USD d'ici 2032, avec un TCAC d'environ 11 % entre 2024 et 2032.

Algorithmic Trading Software Market size was valued at USD 31.0 Billion in 2023 and is projected to reach USD 67.7 Billion by 2031, growing at a CAGR of 13% during the forecast period 2024-2031.

Global Algorithmic Trading Software Market Drivers

The market drivers for the Algorithmic Trading Software Market can be influenced by various factors. These may include:

Efficiency and Speed Automation Advantages: Algorithmic trading software automates the trading process, reducing the time and effort required by human traders. Automation eliminates manual errors and enhances precision. Faster Execution: Algorithms can execute trades much faster than humans, sometimes in fractions of a second. Speed is critical in high-frequency trading where the timing of transactions can significantly impact profitability. Real-Time Market Analysis: The software can analyze real-time market data and execute trades based on pre-defined criteria without any delay. It continuously monitors market conditions to capitalize on perceived opportunities instantaneously. Increased Trading Volumes: By enabling rapid trade execution without human intervention, algorithmic trading can handle higher volumes of trades, thereby increasing overall market efficiency. Reduced Transaction Costs Lower Brokerage Fees: Automated trading reduces the need for intermediary brokers, lowering the transaction and brokerage fees incurred in each trade. This cost advantage attracts more participants to algorithmic trading. Minimizing Market Impact: Algorithms can break down large orders into smaller ones and execute them across multiple platforms and time periods. This way, the market impact of large trades is minimized, resulting in better pricing and lower costs. Reduced Manual Errors: By eliminating manual entry and the possibility of human error, algorithmic trading reduces the risk of costly mistakes. This accuracy and reliability lead to fewer transaction discrepancies and lower overall operational costs. Efficient Resource Utilization: Algorithmic trading allows firms to optimize their resource allocation, reducing the need for extensive trader teams and enabling streamlined operations. Increased Market Liquidity Continuous Market Participation: Algorithms can operate continuously, facilitating trades at all times of the trading day. This constant participation by algorithms increases overall market liquidity, as there are always active buyers and sellers. Narrowed Bid-Ask Spreads: High-frequency trading algorithms can quickly match buy and sell orders, narrowing the bid-ask spread and making the market more liquid and efficient. Enhanced Volume: The automation and increased participation facilitated by algorithmic trading leads to greater overall trading volumes, which translates into higher liquidity. Market Depth: Algorithmic trading often participates in various trading strategies, contributing to both top-level liquidity and greater market depth. This allows for more substantial trades without significantly impacting market prices. Risk Management Pre-Defined Criteria: Algorithms are defined by detailed and rigorously tested criteria, ensuring trades are executed as per the specified risk parameters. These criteria can include stop-loss settings, asset allocation strategies, and market conditions which mitigate potential losses. Diversification: Algorithmic trading allows for rapid and automatic diversification, spreading out risk across multiple assets, markets, or investment strategies simultaneously. This diversification reduces the risk exposure associated with any single asset or market. Enhanced Monitoring: Continuous monitoring and analysis capabilities mean algorithms can quickly respond to market fluctuations and adjust strategies in real-time to manage risk. Reduced Emotional Bias: Algorithms eliminate emotional decision-making which can be detrimental to risk management. Trading decisions are made based solely on data and pre-set criteria, ensuring discipline and consistency. Hedging Strategies: Algorithmic trading systems can be programmed to implement complex hedging strategies automatically, thereby providing a layer of protection against adverse price movements. Access to Global Markets: Algorithmic trading software allows traders to access and trade across multiple global markets, asset classes, and exchanges, expanding trading opportunities and diversifying portfolios. Advanced Trading Strategies: Adoption of complex trading strategies, including statistical arbitrage, market making, trend following, and quantitative analysis, is facilitated by algorithmic trading software to capitalize on market inefficiencies and opportunities. Backtesting and Optimization: Algorithmic trading platforms offer backtesting and optimization tools to test trading strategies using historical data, refine algorithms, and improve trading performance before deployment in live markets. Algorithm Customization: Flexibility to customize algorithms and trading parameters based on trader preferences, market conditions, and risk tolerance enhances adaptability and competitiveness in algorithmic trading. Technological Advancements: Continuous advancements in technology, including artificial intelligence (AI), machine learning (ML), big data analytics, and cloud computing, enhance the sophistication and capabilities of algorithmic trading software. Regulatory Compliance: Algorithmic trading software providers offer solutions compliant with regulatory requirements and standards, ensuring transparency, fairness, and adherence to market regulations.

Der globale Markt für Sportwetten wird im Jahr 2023 einen Wert von 61.32 Milliarden US-Dollar haben und bis 2032 voraussichtlich auf 156.86 Milliarden US-Dollar anwachsen, mit einer durchschnittlichen jährlichen Wachstumsrate (CAGR) von etwa 11 % zwischen 2024 und 2032.