The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.7% over the forecast period. The Global Sports Betting Market was valued at USD 74.2 Billion in the year 2021 and is forecast to reach a value of USD 129.3 Billion by the year 2028. However, the market is expected to recover and continue growing as more countries legalize and regulate sports betting. The market is highly competitive, with major players The COVID-19 pandemic has also had a significant impact on the sports betting industry, as many live sporting events were canceled or postponed, leading to a decline in revenue. Online and mobile betting platforms have also made it easier for customers to place bets and access real-time odds and betting information. The sports betting market has seen significant growth in recent years, driven by the legalization and deregulation of sports betting in many countries.
