Sports Betting Market Size, Share & Trends Analysis Report By Platform (Online, Offline), By Betting Type (Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting), By Sports Type, By Region, And Segment Forecasts, 2025 - 2030

Sports Betting Market Size & Trends

The global sports betting market size was estimated at USD 100.9 billion in 2024 and is expected to grow at a CAGR of 11% from 2025 to 2030. The market growth is primarily driven by the increased access to the internet and mobile phones. This access allows users to place bets more conveniently through online platforms. The legalization and regulation of sports betting in several countries have also contributed to market growth by boosting customer confidence and encouraging new entrants into the industry. In addition, the adoption of secure digital payment systems has improved accessibility, especially in emerging markets. The growing popularity of live sports and global tournaments further drives demand, attracting a diverse range of users across various age groups and regions.

One of the key trends influencing the sports betting industry is the rise of in-play or live betting, allowing users to place bets on ongoing matches. This feature is favored for its dynamic nature and high level of interaction, as it enables real-time wagering based on changing odds and game developments. Operators are enhancing these offerings by incorporating live streaming and real-time data analytics to improve user experience. The increasing use of artificial intelligence (AI) and machine learning for personalized recommendations, risk assessment, and automated odds adjustments is also becoming widespread, signifying a shift towards more data-driven, interactive, and tailored betting environments.

Another significant trend is the growing integration between sports betting and media or entertainment platforms. Partnerships between sportsbooks and leading sports leagues, teams, or broadcasters have become more prevalent, resulting in integrated betting features within sports content. This convergence is blurring the lines between watching and betting, particularly through second-screen activities on mobile apps. In addition, esports betting is gaining traction, especially among young adults, driven by the popularity of competitive gaming and streaming platforms. These cross-industry collaborations are creating new channels for user acquisition, engagement, and monetization for both traditional and digital sports audiences.

Major players in the sports betting industry are actively exploring strategies such as partnerships, acquisitions, and product development to strengthen their market positions. Companies such as Flutter Entertainment, Entain, and Bet365 are continually entering newly regulated markets, particularly in North America and Latin America. Other operators, such as 888 Holdings and Betsson, are investing in platform development and localized content to retain their user base. There is also a growing emphasis on responsible gambling solutions and compliance technology, as operators focus on features such as self-exclusion, affordability checks, and real-time behavioral tracking to meet evolving regulatory requirements and enhance consumer protection.

Platform Insights

The offline segment accounts for a significant revenue share in the sports betting industry in 2024, particularly in regions with a mature gambling infrastructure such as Europe and Australia. Traditional betting shops, casinos, and racetracks continue to attract a consistent flow of customers, particularly those who prefer in-person interactions, cash transactions, or a social atmosphere. Regulatory restrictions in certain countries have also limited the growth of online betting, reinforcing the significance of offline platforms. In addition, the cultural familiarity, customer loyalty, and trust associated with physical locations help maintain their relevance, even as digital platforms become more prominent in the global sports betting ecosystem.

The online segment is expected to record the fastest CAGR of nearly 12.9% from 2025 to 2030. This anticipated growth is fueled by increased smartphone usage, wider internet access, and a growing user preference for convenience and immediacy. Online sportsbooks offer flexible access, real-time betting, and engaging features such as live streaming and in-play wagering, attracting a younger, mobile-first audience. Legalization efforts in markets such as the U.S., Canada, and several countries in Latin America are accelerating the adoption of digital betting platforms. Furthermore, advancements in app design, secure payment systems, integration with media content, and personalized promotions are enhancing user experiences and retention. These factors are expected to support the sustained expansion of the online segment in the coming years.

Sports Type Insights

Based on the sports type football segment dominated the sports betting market, holding the largest share due to its vast international fan base and the continuous presence of domestic and international tournaments. Major events such as the FIFA World Cup, UEFA Champions League, and leading national leagues generate high volumes of betting throughout the year. Football's well-organized calendar, extensive media coverage, and widespread accessibility contribute to its status as one of the most wagered-on sports, both online and offline. In addition, the availability of various betting markets-ranging from match outcomes to in-play statistics enhances the overall user experience, solidifying football's leading position in sports betting.

On the other hand, the cricket segment is anticipated to experience the highest growth between 2025 and 2030. This growth is primarily fueled by the sport's increasing popularity in emerging markets such as India, Pakistan, Bangladesh, and Africa. The rise of shorter formats, particularly T20 leagues such as the Indian Premier League (IPL) and other regional tournaments, has significantly boosted betting volumes due to their fast pace and frequent matches. The growing adoption of smartphones and regulatory movements toward legalizing sports betting in South Asia also contribute to the digital growth of cricket betting. Furthermore, improved live data offerings and streaming capabilities enhance cricket's appeal as a high-growth sport in the betting industry.

Betting Type Insights

Live/In-Play Betting emerged as the leading segment in the sports betting market in 2024, thanks to its real-time and interactive nature. This form of betting allows participants to place wagers during a game, enhancing engagement by responding to the dynamics of the match as they unfold. It is particularly popular in football and tennis, where frequent in-game events provide continuous betting opportunities. The incorporation of live data, match streaming, and real-time odds adjustments enhances the user experience, making in-play betting highly appealing to those seeking constant interaction and greater flexibility across various sporting events.

The eSports Betting segment is projected to experience the highest growth during the forecast period. This surge is driven by the increasing popularity of competitive gaming and the rise of online streaming platforms such as Twitch and YouTube Gaming. Younger, digitally savvy consumers, who are comfortable with online gambling interfaces, are at the forefront of this trend. Games such as League of Legends, Dota 2, and Counter-Strike: Global Offensive have garnered massive followings and organized tournaments structured similarly to traditional sports. As eSports continues to professionalize, with more organized leagues and sponsorships, the betting market is expanding. Improved data analytics and a broader range of market offerings are also contributing to the global growth of eSports betting.      

Regional Insights

Europe Sports Betting Market Trends

Europe sports betting market accounts for the largest revenue share of around 48% in 2024. The sports betting market in Europe is continually evolving, bolstered by established regulations in several countries and increasing digital engagement. Online platforms dominate the market, with mobile apps and live betting features becoming widely popular. Football remains the most bet-on sport, followed by tennis and basketball. Regulatory updates, such as advertising restrictions and responsible gambling initiatives, are influencing operator strategies across the region. There is also a trend of consolidation, with companies acquiring local operators to expand their market reach. Demand is rising for features including cash-out options, bet builders, and real-time data, reflecting bettors' preferences for interactive and flexible experiences within regulated environments.

The UK sports betting market stands out as one of the most active and structured in Europe. Betting is available both online and through retail outlets, with online channels generating the majority of revenue. The market is shaped by the UK Gambling Commission's strict regulatory oversight, which includes affordability checks and advertising guidelines. Key sports for betting activity include football, horse racing, and greyhound racing. Major operators have implemented tools for player control and safer gambling in response to ongoing regulatory pressures. UK consumers are showing a strong preference for in-play betting and mobile platforms, emphasizing digital channels as the core driver of growth.

The sports betting market in Germany has transitioned towards stricter regulation with the Interstate Treaty on Gambling, which took effect in mid-2021. This framework allows for the licensing of online sports betting operators under stringent conditions, including advertising rules and deposit limits. Despite offering clarity, high taxes and administrative burdens pose challenges for operators. Football remains the leading choice for bettors, with local leagues such as the Bundesliga driving betting volume. Although obstacles exist, more operators are applying for licenses, and consumers are increasingly shifting from unregulated to licensed platforms. Continuous adaptation by operators to meet local compliance standards is crucial for sustainable operation in Germany.

North America Sports Betting Market Trends

North American sports betting industry is growing at a fast pace, fueled by regulatory reforms, especially in the U.S., where state-by-state legalization is ongoing. Mobile and online channels are at the forefront of growth, with in-play betting, live streaming, and promotions driving user engagement. Collaborations between sportsbook operators and top sports leagues or media firms are prevalent, increasing visibility and integration. The Canadian market is also expanding, with single-event sports betting legalized. Operators are making investments in technology, data analysis, and customer experience to stand out in a competitive environment. Compliance with responsible gambling norms is still a priority throughout the region.

U.S. Sports Betting Market Trends

The U.S. sports betting market continues to grow as additional states legalize and regulate online and retail betting. The bulk of activity has moved to mobile, with operators focusing on app functionality, in-play betting functions, and player-targeted promotions. Strategic alliances between sportsbooks and media organizations or sports leagues are prevalent, heightening brand awareness and merging betting into sporting content. There is also increasing focus on responsible gambling, with operators and states implementing tools for betting limits and self-exclusion. Concurrently, debates over advertising restrictions and consumer protections are shaping the way sportsbooks interact with their audience.

Asia Pacific Sports Betting Market Trends

The Asia Pacific sports betting market is growing at a rapid pace because of rising internet and smartphone penetration, increasing the accessibility of online platforms. Cricket, football, basketball, and esports are favored sports for gambling, and they form a diversified market base. Although digital payments and mobile technology are driving the growth of the market, cultural sentiments and tough regulations in some countries including Japan and India are challenges. In Singapore and Hong Kong, sports betting is regulated to a greater extent, enabling operators to provide legal and organized betting services. Being one of the fastest-growing markets in the world, despite regulatory challenges, the market continues to grow due to the vast population and technology-loving consumers.

China has tight regulations on the growth of its local sports betting industry, with the majority of gambling illegal. Nevertheless, territories such as Macau and Hainan Island enjoy more lenient rules with licensed sports betting. Macau remains the regional hub for sports betting, appealing to local and foreign gamblers. Even though the central government is hesitant to open up sports betting throughout the country owing to fears over gambling addiction and social consequences, overseas operators remain keenly interested in regulatory updates. This small but valuable market in China is still appealing because of its huge population and growth potential.

Australia's sports betting market is mature with a robust regulatory environment that emphasizes consumer protection and responsible gambling. Mobile betting is the dominant form, with most Australians using their mobile phones to bet. The market is also driven by the nation's sports culture, notably in sports such as Australian Rules Football, cricket, and rugby. Nevertheless, the increase in gambling commercials, particularly during live sporting events, has raised concern among the public and prompted stricter regulation calls. In spite of these challenges, the market remains strong, with emphasis on enhanced user experience, safer betting patterns, and further mobile betting options.

Key Sports Betting Company Insights

Some of the key players operating in the market are 888 Holdings Plc, Bet365, Betsson AB, Churchill Downs Incorporated, among others.

• 888 Holdings Plc provides online sports betting products through various brands, including Betfair and 888sport. The company offers both pre-match and live betting services across a wide range of sports, focusing on user experience, digital interaction, and localized products in various regulated markets. In addition, 888 Holdings has expanded its market presence by acquiring William Hill's international business outside the United States, which has allowed it to enhance its sportsbook offerings and customer base in Europe and Latin America.

• Bet365 is a private company that operates an online sportsbook and gaming activities. Its website features an extensive sportsbook that offers thousands of events each week, accompanied by live streaming, in-play markets, and early cash-out options. Bet365 has a significant market presence in Europe, particularly in the UK and Spain, and is actively entering newly regulated markets such as certain U.S. states and Latin America. The firm also invests in proprietary technology to support its multi-device platform.

• Betsson AB operates several brands that provide sports betting products, including Betsson, Betsafe, and NordicBet. Betsson offers fixed-odds betting, live betting, and virtual sports on online platforms tailored to regional preferences. The company is licensed in Sweden, Colombia, and Peru and continues to expand in Latin America and select parts of Europe. Betsson is also investing in new technology to enhance mobile usability and cross-platform integration.

• Churchill Downs Incorporated offers sports betting services under its brands TwinSpires and BetAmerica. Primarily based in the U.S., it operates both online and offline sportsbooks across multiple states, including Pennsylvania and Michigan. Churchill Downs specializes in licensed U.S. markets and integrates sports betting with its well-established horse racing operations. The company also develops market-customized promotional models and co-brands its betting platforms using racing events.

Entain plc, Flutter Entertainment Plc, IGT are some of the emerging market participants in the Vibration Monitoring Market.

• Entain plc owns a portfolio of well-known sports betting brands, including Ladbrokes, Coral, bwin, and Sportingbet. Entain provides online and retail sports betting across markets in the UK, Europe, and the United States through its joint venture with MGM Resorts, BetMGM. Its products feature bet builders, live bets, and customized content for users across various platforms. The company has also invested in responsible gaming technology and real-time player protection as part of its operational strategy.

• Flutter Entertainment Plc owns several prominent sports betting brands, such as Paddy Power, Betfair, FanDuel, and Sportsbet. It offers sportsbook services in Europe, the U.S., Australia, and Latin America, with FanDuel serving as its flagship business in the U.S., commanding a significant market share. Flutter’s brands include a wide array of betting options, live streaming, early payout features, and cross-sport promotions. The company continues to enter new regulated markets and is also acquiring stakes in local operators to gain further market access.

• IGT (International Game Technology) provides sports betting technology solutions through its PlaySports platform. IGT supports retail and mobile sportsbook operations in the U.S. and Canada through partnerships with casinos, racetracks, and tribal operators. The company’s solutions encompass hardware (terminals and kiosks) and software for ticketing, odds management, and risk control. IGT focuses on creating modular systems that seamlessly integrate into casino management systems and meet regulatory needs.

Recent Developments

• In September 2024, Flutter Entertainment Plc made a takeover of Snaitech S.p.A., an Italian omni-channel operator, from Playtech plc for an enterprise value of USD 2.6 billion. The move is strategic in nature and is intended to consolidate Flutter's international market position, especially increasing its market share in Italy's online gambling market to around 30% when added to its current operations.

• In June 2024, a Betsson AB subsidiary secured local licenses for the newly regulated online casino and sports betting business in Peru. The licenses were for the Betsafe and Betsson brands, with additional licenses for the Inkabet brand to follow soon. This growth further solidifies Betsson's focus on the Latin American market, where it also has licenses in Argentina and Colombia.

• In March 2024, Bally's Corporation opened its iGaming platform in Rhode Island, as the state joined the online casino sector. The platform features around 170 slots and table games, including live dealer, through desktop and iOS mobile app. The launch was preceded by a four-day technical test and complemented by an agreement with live casino provider Stakelogic

• In September 2024, Flutter Entertainment announced the purchase of a 56% stake in Brazil's NSX Group, which operates Betnacional, for around $350 million. The move is strategic to build Flutter's strength in Brazil, where sports betting is on the cusp of full regulation by early 2025. Flutter will consolidate Betnacional into its current Betfair Brazil brand and invest heavily to increase market share, employing the same growth strategy it applied in the U.S.

Sports Betting Market Report Scope

Global Sports Betting Market Report Segmentation

This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global sports betting market report based on platform, betting type, sports type, and region:

• Platform Outlook (Revenue, USD Million, 2018 - 2030)

  • Online

  • Offline

• Betting Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Fixed Odds Wagering

  • Exchange Betting

  • Live/In-Play Betting

  • eSports Betting

  • Others

• Sports Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Football

  • Basketball

  • Baseball

  • Horse Racing

  • Cricket

  • Hockey

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • Italy

    • Spain

    • Sweden

  • Asia Pacific

    • China

    • India

    • Australia

    • New Zealand

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • Türkiye

    • South Africa