Enormous Is the Sports Betting Market?
It is important to recognize that the overall size of the sports betting market is difficult to estimate because regulations and record keeping are inconsistent. There is not any definitive resource, from nation to nation, that researchers can rely on. Records are too jarring to paint an accurate picture.
Nevertheless, it doesn’t mean that there are quotes. International sports is estimated to have a market capitalization of $250 billion. In accordance with Statistica, a highly-reputable firm, licensed online sportsbooks (such as the ones we examine ) account for upwards of $39.7 billion of this revenue.
The remainder of the sports stakes are staked at venues like at casinos horse tracks, or global conduits.
The Fastest Growing Sports Betting Market: The United States
In 2009, the sports betting market was valued at $20 billion. By 2016, it was 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 rate continues.
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