Besides, large-scale advertising on sport betting apps has also driven a huge amount of crowds to start betting in the industry.Īn increase in the number of sports and events across the world coupled with surging digital infrastructure has created a surplus amount of opportunities in the global sports betting market. Thus, a huge rise in the market was witnessed in the year. After the COVID-19 pandemic (2020), the sports betting industry is coming on track with all the postponed or canceled events restarting in 2021. This is due to the easy earning of money, the rising number of sports betting apps that provide easy betting guidelines and a rising inclination of youth across the world in the betting industry.

The global sports betting market is primarily driven by the growing population betting in this market. Whether it's the integration of cutting-edge technologies or increasing the number of consumers, there are a slew of reasons why this business is capturing the attention of the entire world and enticing investors from all over the world.

The sports betting industry is constantly upgrading, which is empowering this sector and making it comparatively more high-tech ultimately leading to success and expansion in the upcoming years. 14, 2021 (GLOBE NEWSWIRE) - New sports betting trends emerge as a result of people's rising affinity for betting, ongoing updates, and technical breakthroughs. The Global Sports Betting Market accounted for US$6,529 Mn in 2020 and is expected to reach US$ 13,941 by 2028 with a considerable CAGR of 10% during the forecast period of 2021 to 2028.

Global sports betting industry