NEW YORK, March 4, 2021 /PRNewswire/ -- The global sports betting market is poised to grow by USD 134.06 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the sports betting market.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. 888 Holdings Plc, bet365, Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and William Hill Plc are some of the major market participants. Digital revolution will offer immense growth opportunities for the market vendors. In a bid to help players strengthen their market foothold, this sports betting market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Sports Betting Market 2020-2024: Segmentation
Sports Betting Market is segmented as below:
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Sports Betting Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sports betting market report covers the following areas:
This study identifies the increasing commercialization of sports events as one of the prime reasons driving the Sports Betting Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Sports Betting Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Platform
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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