Enormous Is the Sports Betting Market?
It is important to recognize that the overall size of the sports betting market is difficult to estimate because regulations and record keeping are inconsistent. There is no resource, from nation to nation, that investigators can rely on. Records are too jarring to paint an accurate picture.
Nevertheless, it doesn’t signify there aren’t reliable quotes. International sports betting is projected to have a market capitalization of $250 billion. In accordance with Statistica, a highly-reputable company, licensed online sportsbooks (like the ones we review) accounts for upwards of $39.7 billion of the revenue.
The remainder of the sports bets are staked at places like other global conduits, at horse tracks, or casinos.
The Fastest Growing Sports Betting Market: The United States
In 2009, the sports gaming market has been valued at $20 billion. By 2016, it had been valued at $40 billion. With a current market capitalization of (conservatively) involving $60-73 billion, the market has conservatively increased at a rate of $10 billion per year. If this pace continues sports will occupy an increasingly significant share of the world industry.