GITNUX MARKETDATA REPORT 2024

Must-Know Sports Betting Statistics [Latest Report]

Highlights: The Most Important Sports Betting Statistics

  • The global sports betting market is expected to be valued at $155.49 billion by 2024.
  • 50% of the sports betting market is accounted for by football.
  • In 2020, 61.6% of online gambling revenue came from sports betting.
  • The United States sports betting market size was valued at $20 billion in 2019.
  • In 2020, 13% of surveyed online sports bettors in the US admitted to placing bets at least once a month.
  • 41 US states have had sports betting related legislation introduced as of 2021.
  • Mobile sports betting accounted for almost 70% of the global sports betting market in 2020.
  • 19.2% of sports bettors in the United States were aged between 18 and 29 years old.
  • The Asia Pacific region holds the largest share of the sports betting market, with a 47% share in 2020.
  • In 2020, up to 46% of Australian regular sports bettors experienced one or more gambling-related problems.
  • In 2020, mobile sports betting had a global market share of 48.9%.
  • In 2020, the global sports betting market CAGR was projected to be 11.50% during the period 2020-2025.
  • Nearly 3.5% of global sports betting revenue comes from eSports.
  • The online sports betting market was predicted to grow at a CAGR of 14.6% during the forecast period 2020-2030.

Table of Contents

Sports betting has become a popular form of entertainment and gambling around the world. According to recent statistics, the global sports betting market is expected to be valued at $155.49 billion by 2024 with football accounting for 50% of this market share.

In 2020, 61.6% of online gambling revenue came from sports betting while mobile sports betting accounted for almost 70%. The United States’ legal sports betting market generated $920 million in 2019 and 13% of surveyed US bettors admitted to placing bets at least once a month that same year. 41 states have had legislation introduced related to legalizing or regulating some form of sport wagering as well as 19 other countries across Europe, Asia Pacific and Australia who are also taking part in this growing industry trend.

The American Gaming Association expects the US’s annual revenues from its own regulated markets will reach up to 8 billion dollars by 2025 due largely in part because 56 percent of all global revenue comes from online platforms alone which saw an 11-percent CAGR growth rate between 2020-2025 according to Mordor Intelligence reports; nearly 3 percent coming directly from eSports gaming itself.

With 46 percent experiencing one or more problems associated with regular sporting activities among Australian adults, it’s clear why governments are looking into ways they can regulate these industries better, so everyone involved can benefit safely without any risks attached – something we should all strive towards achieving together.

The Most Important Statistics

The global sports betting market is expected to be valued at $155.49 billion by 2024.

This statistic is a powerful indicator of the potential of the sports betting market. It shows that the industry is growing rapidly and is expected to reach a staggering value of $155.49 billion by 2024. This is a clear indication that sports betting is becoming increasingly popular and is likely to continue to grow in the coming years. This statistic is an important piece of information for anyone interested in the sports betting industry and provides a valuable insight into the potential of the market.

50% of the sports betting market is accounted for by football.

This statistic is a telling indication of the immense popularity of football in the sports betting market. It speaks to the fact that football is the most bet-upon sport, and that it is the driving force behind the sports betting industry. This statistic is important to consider when discussing the overall landscape of sports betting, as it provides insight into the preferences of bettors and the trends that are shaping the industry.

Sports Betting Statistics Overview

In 2020, 61.6% of online gambling revenue came from sports betting.

This statistic is a powerful indicator of the growing popularity of sports betting. It shows that more and more people are turning to online gambling to place their bets, and that sports betting is becoming an increasingly important part of the online gambling industry. This statistic is a valuable insight into the current state of the sports betting industry, and can be used to inform decisions about how to best capitalize on the growing trend.

The United States sports betting market size was valued at $20 billion in 2019.

This statistic is a testament to the immense popularity of sports betting in the United States. It shows that the market is thriving and that people are willing to invest their money in this form of entertainment. It also serves as a reminder that sports betting is a major industry and should not be taken lightly. This statistic is a great starting point for anyone looking to learn more about the sports betting industry and its potential.

In 2020, 13% of surveyed online sports bettors in the US admitted to placing bets at least once a month.

This statistic is a telling indication of the prevalence of sports betting in the US. It shows that a significant portion of online sports bettors are actively engaging in the activity on a regular basis, suggesting that sports betting is becoming increasingly popular. This is an important piece of information for anyone interested in the sports betting industry, as it provides insight into the current state of the market.

41 US states have had sports betting related legislation introduced as of 2021.

This statistic is a testament to the growing popularity of sports betting in the United States. With 41 states having introduced legislation related to sports betting, it is clear that the activity is becoming increasingly accepted and embraced by the public. This is an important development for the sports betting industry, as it indicates that the activity is becoming more mainstream and accepted by the public. This could lead to more people engaging in sports betting, which could lead to increased revenue for the industry.

Mobile sports betting accounted for almost 70% of the global sports betting market in 2020.

This statistic is a testament to the power of mobile sports betting in the global sports betting market. It highlights the fact that mobile sports betting has become an increasingly popular way to bet on sports, with more and more people turning to their phones and tablets to place their bets. This statistic is a clear indication that the sports betting industry is rapidly evolving and that mobile sports betting is becoming an increasingly important part of the industry.

19.2% of sports bettors in the United States were aged between 18 and 29 years old.

This statistic is significant in the context of a blog post about Sports Betting Statistics because it reveals that a large portion of sports bettors in the United States are young adults. This indicates that sports betting is becoming increasingly popular among younger generations, and that it is important to consider the needs and preferences of this demographic when discussing sports betting.

The Asia Pacific region holds the largest share of the sports betting market, with a 47% share in 2020.

This statistic is a testament to the immense popularity of sports betting in the Asia Pacific region. It highlights the fact that the region is a major player in the sports betting market, and that it is likely to remain so in the future. This is an important point to consider when discussing the global sports betting industry, as it shows that the Asia Pacific region is a major contributor to the industry’s success.

In 2020, up to 46% of Australian regular sports bettors experienced one or more gambling-related problems.

This statistic is a stark reminder of the potential risks associated with sports betting. It highlights the fact that a significant portion of regular sports bettors are facing gambling-related problems, which can have serious consequences for their financial, emotional, and physical wellbeing. It is a reminder that sports betting should be approached with caution and that responsible gambling practices should be adopted.

In 2020, mobile sports betting had a global market share of 48.9%.

This statistic is a telling indication of the growing popularity of mobile sports betting. It shows that more and more people are turning to their phones to place bets on their favorite sports teams and events. This is a trend that is likely to continue in the future, as mobile technology continues to improve and become more accessible. As such, this statistic is important to consider when discussing the current state of sports betting.

In 2020, the global sports betting market CAGR was projected to be 11.50% during the period 2020-2025.

This statistic is a powerful indicator of the potential of the sports betting market. It indicates that the market is growing at a rapid rate, and that it is likely to continue to do so in the coming years. This means that sports betting is becoming increasingly popular, and that more people are taking part in it.

This is important information for anyone interested in the sports betting industry, as it shows that there is a great potential for growth and profit. It also serves as a reminder that sports betting is a lucrative business, and that it is worth investing in.

Nearly 3.5% of global sports betting revenue comes from eSports.

This statistic is a testament to the growing popularity of eSports and its potential to become a major player in the sports betting industry. It shows that eSports is already making a significant contribution to the global sports betting market, and that its influence is likely to continue to grow in the future. This statistic is an important reminder that the sports betting industry is constantly evolving, and that eSports is an important part of that evolution.

The online sports betting market was predicted to grow at a CAGR of 14.6% during the forecast period 2020-2030.

This statistic is a powerful indicator of the potential of the online sports betting market. It shows that the market is expected to experience significant growth over the next decade, making it an attractive option for those looking to invest in the industry. This statistic is especially relevant for a blog post about sports betting statistics, as it provides readers with an insight into the potential of the market and the opportunities it presents.

Conclusion

The global sports betting market is expected to be valued at $155.49 billion by 2024, with football accounting for 50% of the total market share. In 2020, 61.6% of online gambling revenue came from sports betting, and mobile platforms accounted for almost 70%. The United States’ legal sports betting industry generated $920 million in 2019 while the UK’s gross gambling yield exceeded £2 billion in 2020. Additionally, 41 US states have had legislation introduced related to sports betting as of 2021 and 13% of surveyed online bettors admitted to placing bets at least once a month that same year.

In terms of regional market share, Asia Pacific holds 47%, Europe 23%, North America 19%, Latin America 8%, Middle East & Africa 3%. Mobile has become increasingly popular among bettors worldwide, with 48.9% global market share in 2020 and retail segment growth rate projected at 5.2%. eSports also plays an important role, contributing up to 3-5 % globally, while the overall online sector was predicted to grow 14-15 % CAGR during the forecast period (2020 – 2030).

Overall, it can be seen that Sports Betting continues its rapid expansion across all regions due largely thanks to technological advancements such as mobile apps which are making it easier than ever before for people around the world to access this form of entertainment safely and securely .

References

0. – https://www.usbets.com

1. – https://www.aifs.gov.au

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

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

4. – https://www.futuremarketinsights.com

5. – https://www.researchandmarkets.com

6. – https://www.mordorintelligence.com

7. – https://www.statista.com

8. – https://www.technavio.com

9. – https://www.financemagnates.com

FAQs

What is the concept of sports betting?

Sports betting refers to the activity of predicting and placing a wager on the outcome of sports events. It involves placing bets on different aspects such as winner, score, or performance of players.

What are the most popular types of sports bets?

The most popular types of sports bets include moneyline, point spread, over/under, futures, and prop bets. Moneyline bets involve choosing a winner, point spreads consider the winning margin, over/under bets focus on total points scored, futures are bets on future outcomes, and prop bets involve specific occurrences or events during a game.

How do betting odds work?

Betting odds provide the probability of a specific outcome and determine potential winnings. In general, higher odds imply lower chances of winning but higher potential payouts, while lower odds signify higher chances of winning but lower payouts. Odds are commonly presented as fractions, decimals, or American (moneyline) formats.

What is the role of a bookmaker in sports betting?

A bookmaker, or sportsbook, serves as an intermediary between bettors and the sports event. They offer betting markets, set the odds, accept bets, provide payouts, and handle the financial transactions involved in sports betting. Bookmakers also profit by charging a margin or commission on each bet placed.

How do professional bettors increase their chances of making a profit in sports betting?

Professional bettors utilize various strategies such as statistical analysis, sports knowledge, and risk management to increase their chances of profit. They research and analyze vast amounts of data to identify betting opportunities with value, manage their betting bankrolls wisely, and diversify their bets to spread risks. They also use betting exchanges or multiple bookmakers to take advantage of the best odds and promotions available.

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.

Table of Contents