LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) — The Global Sports Betting Market size accounted for USD 81.7 Billion in 2022 and is expected to reach USD 231.2 Billion by 2032 with a considerable CAGR of 11.1% during the forecast period of 2023 to 2032. Sports betting market is reshaping the gambling industry, providing cutting-edge and entertaining wagering experiences.
The Global Sports Betting Market size is projected to grow to USD 231.2 Billion by 2032, expanding at a CAGR of 11.1% from 2023 to 2032. Europe leads the market globally with around USD 29.4 billion revenue of the market in 2022. The platform online segment captured the largest market share along with 48.1 billion in 2022. By betting type, fixed odds wagering sub-segment held the largest market share of 27% in 2022. The advent of 5G networks, AI, and blockchain technologies in sports betting increase the market value. (Source: