The global online sports betting market will reach $146 billion by 2032, driven by mobile device growth and expanding legalization! (Photo by Johann Walter Bantz on Unsplash)
There are many forms of sports betting available worldwide; one of these is online sports betting, which involves betting on the development of football matches and betting on sports results.
The foremost online gambling website platforms include tips, techniques, tools, and other gambling resources. These vary and can be unreliable. A safer betting option is an online sportsbook, a reference book that monitors bets, payments, and debts. This offers a fantastic experience for online football betting. The sportsbook offers a reliable platform to gamble and win money safely.
Global online gambling is driven by the growth of high-speed internet
Straits research states that the international sports gambling market was valued at $56,650.3 million in 2023, with an estimated $1,46,363.8 million by 2032. That is a growth rate of 11.2% from 2024-2032.
With the massive global growth in the ownership of mobile devices such as smartphones and tablets with internet connection, online betting is predicted to increase dramatically—the attraction of possible big profits with quick decisions on these devices from anywhere in the world.
This is a significant influence on the potential growth of the online betting industry. Bookmakers offer many incentives for online gamblers, such as bonuses if a player signs up and funds their account. With live screening, improved odds and promotions also assist in increasing the growth in this sector.
Sports betting is a growing business across the globe, especially with the large number of new states in the USA legalising sports betting. The consumer market in the US is over 300 million people, however, not all states allow online sports betting, so market access right now is lower than the population. The largest states such as Texas and California are still yet to introduce legal mobile sports betting.
Live E-Sports Coverage
The increased investment and income within the E-Sports sector is a result of the growing popularity in the industry due to the social aspect of live broadcasting. Fans of sites such as YouTube Gaming are able to contact directly with players and teams. Certain E-Sports teams are moving outside E-Sports and into, for example, the products business to assist with the growth of brand awareness. This E-Sports expansion assists in developing growth in the global online sports betting business.
Where to find E-sports betting? Most online sports books today include E-sports as part of their betting markets. There is a table below with some of the top sites offering markets to bet on League of Legends, Counterstrike, and Dota 2. Some sites even offer FIFA and racing E-sport competitions. We also have a guide to E-sports where you can find more information.
| Market Value (in million USD) | Growth Rate |
|---|---|
| (2023) 56,297.69 | N/A |
| (2032) 1,46,363.80 | 11.2% CAGR |
Regional Analysis
A 12.3% growth within the European online gambling industry is predicted during the period of the forecast. The attraction of watching sports and the addition of new forms of games and play modes result in a daily increase across Europe. Europe has been active in the gambling and betting business since the 1800s. It has reached a far higher level recently due to the growth of the popularity of mobile internet-connected devices. Investment has been made by gambling companies such as Bet 365, William Hill, etc., to ensure their platforms are safe and secure for users. Due to these actions, almost 43,000 jobs have been created within the online gambling industry.
A 14.9% growth in the Asia-Pacific region is predicted during the forecast period. An increase in athletic events amongst a growing population of over 4.6 billion is the reason behind this predicted growth. Some regions within Asia-Pacific either prohibit or tightly regulate the gambling industry, resulting in the rise in popularity of the online gambling business.
| Casino Website | Available Countries |
|---|---|
| 888Sport / 888Casino | IN, UK, CA, IE, SA |
| 888Starz | IN, AU, CA, IE, SA, NZ |
| Leon Casino | IN, AU, CA, IE, SA, NZ |
VPN software has greatly assisted with this growth in popularity meaning a greater access to online gambling sites that offer casino, live casino, sports betting, virtual sports, lottery, bingo, and E-sports betting. The VPN casinos guide here offers information about casinos offering VPN access. However, you should check legality of using VPN software to gamble from your country to make sure you are not breaking any laws.
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