Sports Betting Market Gaining Huge Acceptance with 12.4% Annual Growth, Current Market at $84.6 billion: Says Market Decipher

The fastest growing regions are North America and Asia-Pacific. Asia Pacific accounts for 30% of the total revenue. Football makes for more than 23% and is expected to grow in the future. Market Decipher has revised the database on the Global Sports Betting market covering all major regions and companies.

Sports betting market is growing at 12.4% annually. Current market size is $84.6 billion. The market has been affected by the COVID pandemic. It has played havoc on earning sources and GDP. Sports betting is a new source of income for many countries. There is also a surge in sports fan engagement, merchandise sales, partnerships and media rights transactions.

Sports Betting Market Gaining Acceptance with 12.4% Annual Growth. Current Market at $84.6 billion. Introduction of AI in Sports Betters Application.

Asia Pacific accounts for 30% of the global sports betting market. China and India are two major countries with popular betting characteristics. Twenty-four states in the U.S. passed legislation in November 2020 for reforming sports gambling laws. Canada legalized single-game sportsbetting in 2021. The sports betting market in Canada will expand nearly seven times the size of spectator-sports market there in coming years.

Playtech will provide its Live Casino and RNG games to 888casino starting in New Jersey. bet365 is working on a new Sports and Betting News website. Nolimit City has signed a deal with industry giant bet 365. Nuvi Corporation has partnered with Swedish-based online gaming operator Betsson Group to enable instant deposits and withdrawals on its proprietary online sportsbook in Colorado. Endeavor Group Holdings Inc acquired OpenBet from Scientific Games for US$1.2 billion. Bitgame launched a website on sports betting platform powered by blockchain technology.

Sports betting market is growing at 12.4% annually. Current market size is $84.6 billion. Playtech will provide its Live Casino and RNG games to 888casino starting in New Jersey. bet365 is working on a new Sports and Betting News website. Nuvi Corporation has partnered with Swedish-based online gaming operator Betsson Group to enable instant deposits and withdrawals on its proprietary online sportsbook in Colorado. Endeavor Group Holdings Inc acquired OpenBet from Scientific Games for US$1.2 billion in 21st century.

Sports Betting Market Gaining Acceptance with 12.4% Annual Growth, Current Market at $84.6 billion.

Sports Betting Market Gaining Acceptance with 12.4% Annual Growth. Current Market at $84.6 billion.