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п»їGlobal Sports Betting Market Worth $85 Billion in 2019 - Industry Assessment and Forecasts Throughout 2020-2025.
The sports betting market was valued at US$85.047 billion in 2019.
The sports betting market is projected to witness considerable growth primarily on account of the inclination of the governments of numerous countries towards the legalization of sports betting. Furthermore, the rising penetration of various legal online platforms in some countries is also further supplementing the sports betting market growth in the near future.
The market is also poised to grow on account of the rising popularity of international sports events around the globe coupled with the increasing popularity of high-end sports such as cricket, soccer, baseball has gained a lot of traction in the past years, which has led to a decent increase in the sponsorships for clubs, teams, players.
Additionally, the rising investments by numerous sports organizations in marketing and promotional activities have led to increased investments by major betting companies in providing sponsorships for sports teams around the globe. Thus, the rising commercialization of sports events is considered to be a key factor that is expected to positively impact the market growth during the next five years.
The rising consumer expectations have led to the constant participation of key players of the market in the form of partnerships, collaborations, agreements, and R&D for the launch of various platforms to cater to the rising consumer expectations. For instance, recently in June 2020, Sportech PLC a leading market player in the gaming technology industry of the world announced its strategic partnership with a French gaming operator ZeTurf, the aim of this partnership was to deliver attractive and alternative options for betting on French racing.
Similarly, in May 2020, the company announced a successful launch of Tote Betting services in Moscow for client Pari Engineering Rus. Furthermore, the growing partnerships between high end-resorts and casinos with leading market players for availing their services also shows the potential for the market to grow in the near future.
For example, in February 2020, William Hill, a leading sports betting company entered into a long-term partnership agreement with the Grand Traverse Band of Ottawa and Chippewa Indians (GTB), a federally recognized Indian tribe for exclusively providing online sports betting and online casino gaming throughout Michigan. Also, during the same month, the company also entered into a partnership with CBS Sports with an aim to increase the reach to millions of new sports fans and fantasy players by extending its leadership in sports betting content.
Moreover, in February 2019, Churchill Downs Incorporated entered into a partnership agreement with Golden Nugget Casino for the launch of its BetaAmerica online real-money sports betting and online casino platform in New Jersey.
However, the sports betting market may be restrained by the fact that still sports betting is considered to be an illegal activity in some parts of the world. Also, the recent outbreak of the novel coronavirus is expected to be a major factor inhibiting the market growth during the short run as the intense outbreak has led to enforcement of directives by the WHO such as social distancing and quarantine measure in almost every country of the world.
This has led to the temporary suspension or cancellation of all the major sports events at international, regional, and national levels that include, football, hockey, marathons, cricket, basketball, and more. This is considered to be one of the prime factors that is projected to hamper the market growth for the next ten to eleven months.
Growing legalization is offering lucrative opportunities.
One of the major factors that is propelling the market growth opportunities is the rising government initiatives for the legalization of sports betting with an aim for the generation of revenue. For instance, in 2018 sports betting for the first time was legalized in New Jersey. Furthermore, the inclination of governments of various developing countries such as India and Brazil among others to tap the potential of revenue that the sports betting industry holds is considered to be a prime opportunity for the market to grow in the near future. For example, in 2018, the Law Commission of India stated in its report the recommendations for legalizing sports betting in the country.
The global sports betting market has been segmented on the basis of platform, sport, and geography. By platform the segmentation of the market has been done on the basis of online and offline. By sport the market has been classified into cricket, FIFA, horse racing, and others. Geographically, the segmentation of the sports betting market has been done into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Online segment to witness a decent growth.
By platform, the online segment is projected to witness a healthy growth during the next five years. The rapid internet and smartphone penetration coupled with the launch of new online betting platforms are some of the key factors bolstering the growth of this segment throughout the forecast period.
Europe to hold a notable share.
Geographically, the European region is anticipated to hold a substantial share in the market throughout the forecast period primarily on account of the legalization of betting in several European countries. Also, investments by players in countries of this region for expansion of services further supplement the market growth in Europe during the next five years.
Competitive Insights.
Prominent key market players in the Sports Betting market the 888 Group, Kindered Group plc, Wiliam Hill PLC, and Churchill Downs Incorporated among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the Sports Betting market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Key Topics Covered.
1. Introduction 1.1. Market Definition 1.2. Market Segmentation.
2. Research Methodology 2.1. Research Data 2.2. Assumptions.
3. Executive Summary 3.1. Research Highlights.
4. Market Dynamics 4.1. Market Drivers 4.2. Market Restraints 4.3. Porters Five Forces Analysis 4.4. Industry Value Chain Analysis.
5. Sports Betting Market Analysis, By Platform 5.1. Introduction 5.2. Online 5.3. Offline.
6. Sports Betting Market Analysis, By Sport 6.1. Introduction 6.2. Cricket 6.3. FIFA 6.4. Horse Racing 6.5. Others.
7. Sports Betting Market Analysis, By Geography 7.1. Introduction 7.2. North America 7.3. South America 7.4. Europe 7.5. Middle East & Africa 7.6. Asia-Pacific.
8. Competitive Environment and Analysis 8.1. Major Players and Strategy Analysis 8.2. Emerging Players and Market Lucrativeness 8.3. Mergers, Acquisitions, Agreements, and Collaborations 8.4. Vendor Competitiveness Matrix.
9. Company Profiles 9.1. the 888 Group 9.2. Kindred Group plc 9.3. William Hill plc 9.4. Churchill Downs Incorporated 9.5. Sportech plc 9.6. The Stars Group Inc. 9.7. Webis Holdings plc 9.8. Flutter Entertainment plc.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Globe International Limited (GLB.AX)
Previous Close 5.62 Open 5.55 Bid 5.52 x 0 Ask 5.60 x 0 Day's Range 5.55 - 5.68 52 Week Range 1.05 - 5.75 Volume 5,037 Avg. Volume 12,043.
Market Cap 232.197M Beta (5Y Monthly) 0.38 PE Ratio (TTM) 38.10 EPS (TTM) 0.15 Earnings Date N/A Forward Dividend & Yield 0.12 (2.14%) Ex-Dividend Date Sep 03, 2020 1y Target Est N/A.
Should You Be Impressed By Globe International's (ASX:GLB) Returns on Capital?
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to.
Globe International Limited's (ASX:GLB) Stock Is Going Strong: Is the Market Following Fundamentals?
Globe International's (ASX:GLB) stock is up by a considerable 64% over the past three months. Given that the market.
Shareholders Of Globe International (ASX:GLB) Must Be Happy With Their 104% Total Return.
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks.
Is It Smart To Buy Globe International Limited (ASX:GLB) Before It Goes Ex-Dividend?
Readers hoping to buy Globe International Limited (ASX:GLB) for its dividend will need to make their move shortly, as.
Globe International Limited (ASX:GLB) Screens Well But There Might Be A Catch.
Globe International Limited's (ASX:GLB) price-to-earnings (or "P/E") ratio of 7.7x might make it look like a strong.
Are Insiders Buying Globe International Limited (ASX:GLB) Stock?
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are.
Globe International Limited (ASX:GLB) Will Pay A AU$0.05 Dividend In 3 Days.
It looks like Globe International Limited (ASX:GLB) is about to go ex-dividend in the next 3 days. This means that.
Globe International Limited (ASX:GLB): Should The Recent Earnings Drop Worry You?
In this commentary, I will examine Globe International Limited's (ASX:GLB) latest earnings update (30 June 2019) and.
People Also Watch.
Company Profile.
Sector(s) : Consumer Cyclical Industry : Apparel Manufacturing Full Time Employees :
Globe International Limited, together with its subsidiaries, designs, produces, and distributes purpose-built apparel, footwear, and skateboard hard goods for the board sports, street fashion, and work wear markets in Australia, North America, Europe, and internationally. The company markets its products under various proprietary brands, such as Globe, Salty Crew, FXD, Almost, enjoi, Girl, Flip, Chocolate, Thrasher, Lakai, and Impala Rollerskates. It also licenses and distributes third party brands, such as StГѓВјssy, Obey, M/SF/T, XLarge, Pro-Tec, and Hardcore. The company offers its products directly and through third party distributors, as well as through retail stores. Globe International Limited was founded in 1984 and is based in Port Melbourne, Australia.

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