GITNUX MARKETDATA REPORT 2024

Must-Know Betting Statistics [Recent Analysis]

Highlights: The Most Important Betting Statistics

  • The global online gambling market is predicted to reach $66.7 billion by 2020.
  • The United States sports betting market is expected to hit $8 billion by 2025.
  • About 50% of people in the US have participated in sports betting.
  • Approximately 2.5% of people worldwide experience a gambling problem.
  • 5.5% of Australians aged 18+ had participated in sports betting in 2017.
  • The UK’s gross gambling yield (GGY) in 2020 was £14.2 billion, with £5.9 billion coming from online gambling.
  • In 2019, the global sports betting market was worth an estimated $203 billion.
  • In 2017, revenue from sports betting reached over €9.3 billion in the European Union.
  • Sports betting accounted for approximately 42.5% of the global gambling market in 2018.
  • In-play betting represents approximately 49% of the UK online sports betting market.
  • The overall gross win margin for the European sports betting market was 12.6% in 2018.
  • Around 9% of French adults participated in online betting in 2018.
  • The Nigerian sports betting market is expected to reach over $1.1 billion by 2023.
  • Live sports betting (in-play) contributed 30% of European sports betting GGR in 2018.

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Sports betting has become a popular pastime for many people around the world. With its increasing popularity, it is no surprise that there are now numerous statistics available about sports betting and its impact on different markets. From global online gambling market predictions to revenue generated in specific countries, this blog post will explore 20 of the most interesting facts and figures related to sports betting from across the globe.

The Most Important Statistics
The global online gambling market is predicted to reach $66.7 billion by 2020.

This statistic is a powerful indicator of the potential of the online gambling market. It shows that the industry is growing rapidly and is expected to continue to do so in the coming years. This is an important point to consider when discussing betting statistics, as it demonstrates the potential for growth and profitability in the industry. Additionally, it highlights the importance of staying up-to-date with the latest trends and developments in the online gambling market, as this could be a key factor in determining success.

The United States sports betting market is expected to hit $8 billion by 2025.

This statistic is a testament to the immense potential of the United States sports betting market. It highlights the immense growth potential of the industry, and serves as a reminder of the lucrative opportunities that exist for those who are willing to take advantage of them. As such, it is an important statistic to consider when discussing betting statistics, as it provides a glimpse into the future of the industry.

Betting Statistics Overview

About 50% of people in the US have participated in sports betting.

This statistic is a telling indication of the prevalence of sports betting in the US. It demonstrates that a significant portion of the population has engaged in this activity, making it a noteworthy topic for discussion. It also serves as a reminder that sports betting is a popular pastime and should be taken seriously. This statistic is an important piece of information to consider when discussing betting statistics in a blog post.

Approximately 2.5% of people worldwide experience a gambling problem.

This statistic is a stark reminder of the potential risks associated with gambling. It serves as a warning to those who may be tempted to engage in betting activities, as it highlights the fact that gambling can lead to addiction and other serious problems. It is important to be aware of this statistic when considering the potential consequences of betting, and to take the necessary precautions to ensure that gambling remains a safe and enjoyable activity.

5.5% of Australians aged 18+ had participated in sports betting in 2017.

This statistic is a telling indication of the prevalence of sports betting in Australia. It shows that a significant portion of the adult population has engaged in this activity, demonstrating the popularity of sports betting in the country. This statistic is important to consider when discussing betting statistics, as it provides a snapshot of the current state of sports betting in Australia.

The UK’s gross gambling yield (GGY) in 2020 was £14.2 billion, with £5.9 billion coming from online gambling.

This statistic is a telling indication of the immense popularity of gambling in the UK. It highlights the fact that gambling is a major source of revenue for the country, with a significant portion of it coming from online gambling. This statistic is important to consider when discussing betting statistics, as it provides a comprehensive overview of the industry’s financial impact.

In 2019, the global sports betting market was worth an estimated $203 billion.

This statistic is a testament to the sheer size and scope of the sports betting market. It highlights the immense potential of the industry and the immense profits that can be made from it. It also serves as a reminder of the importance of staying informed about the latest betting trends and statistics in order to make the most of the opportunities available.

In 2017, revenue from sports betting reached over €9.3 billion in the European Union.

This statistic is a testament to the immense popularity of sports betting in the European Union. It highlights the sheer amount of money that is being wagered on sports in the region, and serves as a reminder of the potential for growth in the industry. It is an important piece of information to consider when discussing the betting landscape in the EU, and provides a valuable insight into the current state of the market.

Sports betting accounted for approximately 42.5% of the global gambling market in 2018.

This statistic is a powerful indicator of the immense popularity of sports betting in the global gambling market. It highlights the fact that sports betting is one of the most popular forms of gambling, and that it is a major source of revenue for the gambling industry. This statistic is important to consider when discussing the current state of the gambling industry, and it can be used to inform decisions about how to best approach the industry in the future.

In-play betting represents approximately 49% of the UK online sports betting market.

This statistic is a telling indication of the importance of in-play betting in the UK online sports betting market. It highlights the fact that in-play betting is a major factor in the success of the industry, and that it is a key component of the overall betting landscape. This statistic is important to consider when discussing the current state of the betting industry, as it provides insight into the trends and preferences of bettors in the UK.

The overall gross win margin for the European sports betting market was 12.6% in 2018.

This statistic is a crucial indicator of the success of the European sports betting market in 2018. It provides insight into the profitability of the market, and can be used to compare the performance of the market to previous years. Additionally, it can be used to identify trends in the market, such as which sports are most popular and which betting strategies are most successful. This information can be invaluable for those looking to make informed decisions when it comes to betting.

Mobile sports betting is predicted to have a 15.8% CAGR between 2020 and 2027.

This statistic is a powerful indicator of the potential of mobile sports betting in the coming years. It suggests that the industry is set to experience a significant growth in the near future, making it an attractive option for those looking to get involved in the betting world. This statistic is especially relevant for a blog post about betting statistics, as it provides readers with an insight into the potential of the industry and the opportunities that may be available in the near future.

Around 9% of French adults participated in online betting in 2018.

This statistic is a telling indication of the prevalence of online betting in France. It demonstrates that a significant portion of the French adult population is engaging in this activity, which is an important factor to consider when discussing the overall betting landscape in the country.

The Nigerian sports betting market is expected to reach over $1.1 billion by 2023.

This statistic is a testament to the immense potential of the Nigerian sports betting market. It highlights the fact that the market is growing rapidly and is expected to reach a staggering $1.1 billion by 2023. This is a clear indication that the Nigerian sports betting industry is on the rise and is set to become a major player in the global betting market. This statistic is a great reminder of the potential of the Nigerian sports betting industry and should be taken into consideration when discussing the future of the industry.

Live sports betting (in-play) contributed 30% of European sports betting GGR in 2018.

This statistic is a powerful indicator of the growing popularity of live sports betting in Europe. It demonstrates that in-play betting is becoming increasingly popular among European bettors, and that it is a major source of revenue for the sports betting industry. This statistic is important to consider when discussing the overall landscape of sports betting in Europe, as it provides insight into the current trends and preferences of European bettors.

Conclusion

The global online gambling market is predicted to reach $66.7 billion by 2020, and the United States sports betting market is expected to hit $8 billion by 2025. Approximately 50% of people in the US have participated in sports betting, with 79% being male aged between 26 and 50 years old. In 2020, New Jersey’s sports betting industry generated a revenue of $332.9 million while approximately 2.5% of people worldwide experience a gambling problem due to their involvement in this activity during the COVID-19 pandemic when European sport betting revenues decreased 45%.
In Australia 5.5%, France 9%, Nigeria over 70%, Kenya over 70%, and Europe 30% are involved in some form or another with Sports Betting activities as well as other countries around the world that contribute significantly towards its estimated worth at 203 Billion USD for 2019 alone; making it one of today’s most popular forms entertainment globally despite potential risks associated with it such as addiction issues which affect about 2-3 %of those who participate regularly on these platforms . With mobile devices becoming increasingly more accessible across all markets , live (in play) bets now account for almost half (49%) of UK online Sports Betting Market GGR whilst Mobile Sports Bets CAGR has been projected at 15 8 % from 2020 – 2027 ; indicating an ever growing trend within this sector .

References

0. – https://www.stanford.edu

1. – https://www.egba.eu

2. – https://www.statista.com

3. – https://www.legalsportsreport.com

4. – https://www.bettingresource.com

5. – https://www.goldennugget.com

6. – https://www.afjv.com

7. – https://www.ncbi.nlm.nih.gov

8. – https://www.techjury.net

9. – https://www.thestatszone.com

10. – https://www.knowledge.wharton.upenn.edu

11. – https://www.grandviewresearch.com

FAQs

What is the concept of odds in betting?

In betting, odds represent the probability of an event occurring along with the potential winnings one can gain. They are presented as a ratio or fraction (e.g., 31 or 1/4) and are used to determine the payouts for bets placed. Higher odds indicate less probability of an event occurring, but higher potential winnings.

What's the difference between a favorite and an underdog in betting?

In betting, the favorite is the team or competitor expected to win the event, while the underdog is the one expected to lose. Odds for bets on the favorite typically yield lower returns because its chances of winning are higher. On the other hand, bets placed on an underdog yield higher payouts due to their lower chances of winning.

What are the three common formats of presenting odds in sports betting?

The three common formats used to present odds in sports betting are fractional (e.g., 5/1), decimal (e.g., 6.0), and American or moneyline (e.g., +500). Each format is used to determine how much one can win by placing a bet on a specific outcome, with variations depending on the region and preference.

What does "even odds" (11 or 2.0) mean in betting?

Even odds, represented as 11 in fractional notation or 2.0 in decimal notation, mean that the chances of an event occurring are about equal to its chances of not occurring. With even odds, the amount of money a bettor can potentially win is equal to the amount they've staked. For example, a $100 bet at even odds will yield a $100 profit if the bet is successful.

What is the concept of "over/under" bets in sports betting?

Over/under bets, also known as totals, are wagers where bettors predict whether a specified combined score, such as the total number of points or goals scored in a game, will be higher or lower than a predetermined value set by the bookmaker. Payouts depend on the accuracy of the bettor's prediction, with odds usually being close to even for each side of the bet.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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