Sports Betting Market Gaining Huge Acceptance with 12.4% Annual Growth, Current Market at $84.6 billion: Says Market Decipher – QNT Press Release

PUNE, India, Sept. 22, 2022 /PRNewswire/ — The New Report “Global Sports Betting Market SizeStatistics, Trend Analysis, and Forecast Report, 2022 – 2032” estimates the Global Sports Betting Market size at US $84.6 Billion in 2022 (year-end adjusted data) and forecasting to reach US $288.2 Billion by 2032. The fastest growing regions include the North American and Asia-Pacific with Asia-Pacific accumulating around 30% of the total revenue. Global Sports Betting Market is set to grow at a fast pace promoting companies like NoLimit City and Nuvei Corporation.

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“The global digital revolution has boosted the Sports Betting market as there has been a surge in commercial and retail online transactions due to growth in digital infrastructure. Market Decipher has completely revised the huge database on the Global Sports Betting market covering all major regions and companies . The latest insights and forecasts have revealed new areas of profitability. Asia Pacific (holding 30%) is showing the fastest growth during the forecast period 2022-2032. Football makes for more than 23% of the Global Sports Betting Market and is anticipated to grow in the future.”

Chandradeep Singh

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Massive Revenue Crunch & Need for New Income Sources during COVID to Drive Market Growth

The lockdown imposed as a result of Covid-19 had severely affected economic activities. It had played havoc on earning sources as well as the GDP of several countries. Countries across the world found sports betting as their new source of income that increases sponsorships & data sales, driving the sports betting market trends. Besides this, the sports betting market can also assist in aiding indirect revenue for the government with a surge in sports fan engagement, merchandise …

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