Business Challenges
Online sports betting market is also poised to grow on account of the rising popularity of international sports events worldwide combined with the increasing popularity of high-end sports like basketball, soccer, baseball, football, golf, hockey, cricket etc, that has gained quite a lot of traction in the past years, which has led to a decent boost in sponsorships for clubs, teams, and players.
Our Solution
The sports betting market was valued at US$85.047 billion in 2019 and is expected to witness considerable growth at a CAGR of 11% with revenue of US$144.44 billion during the forecast period 2021-2024, primarily on account of the governments of numerous countries towards legalization of sports betting. Moreover, the widespread penetration of various legal online platforms in some countries will supplement the sports betting market growth in the near future.