Enormous Is the Sports Betting Market?
It is important to recognize that the overall size of the sports betting market is difficult to estimate since regulations and record keeping are inconsistent. There is not any resource, from nation to nation, that researchers can rely on. Records are too jarring to paint an entirely accurate picture.
That said, it doesn’t signify that there aren’t reliable quotes. International sports gambling is estimated to have a market capitalization of $250 billion. According to Statistica, a highly-reputable firm, accredited online sportsbooks (like those we review) account for upwards of $39.7 billion of this revenue.
The rest of these sports bets are staked at venues like casinos, at horse tracks, or other worldwide conduits.
The Fastest Growing Sports Betting Market: The United States of America
In 2009, the sports gaming market has been valued at $20 billion. 2016, it valued at $40 billion. Having a current market capitalization of (conservatively) between $60-73 billion, the marketplace has conservatively grown at a rate of $10 billion each year. American sports will occupy an increasingly important share of the world industry if this pace continues.