The Horse And Sports Betting Market is being driven by Increasing digital connectivity
The Horse And Sports Betting Market is expected to grow at a CAGR of 11.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 252 million. In the horse and sports betting market, technology is driving innovation and growth. Vendors are integrating advanced solutions such as artificial intelligence (AI) and machine learning to enhance the customer experience and expand their businesses. Global players are particularly investing heavily in machine learning tools and methods to gain a competitive edge. These technologies enable accurate predictive analysis in sports betting by processing real-time data, including weather conditions, horse and team statistics, fan sentiment, and player performance, to generate informed predictions. By leveraging AI and machine learning, vendors can offer more personalized and reliable betting services to their clients.
Get more information on Horse And Sports Betting Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
203 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 11.4% |
|
Market growth 2025-2029 |
USD 252 million |
|
Market structure |
market_structure.ucfirst |
|
YoY growth 2024-2025(%) |
9.9 |
|
Key countries |
UK, China, Germany, US, Italy, Japan, India, Brazil, Canada, and Saudi Arabia |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The horse and sports betting market is experiencing significant growth, particularly among smartphone users. Digital infrastructure and wireless connectivity, including 5G networks, enable online betting on various athletic events, such as horse racing and basketball, through mobile devices. Pure Win, an Indian gambling site, offers fixed odds wagering on horse racing and eSports betting. DataReportal predicts an increase in internet users engaging in betting, using past performance, track conditions, and betting choices based on predicted results.
In the Horse and Sports Betting Market, digital infrastructure and wireless connectivity play a pivotal role in enabling online betting for the growing number of smartphone users. Internet users engage in athletic events betting, particularly horse racing, through licensed platforms. Regulatory bodies issue various licenses to ensure a fair and crime-free gambling environment. Operating licenses permit casinos to manage specific gambling facilities, while premises licenses authorize the physical location for gambling activities. Personal management and functional licenses are mandatory for individuals holding managerial and operational positions within these establishments. Compliance with these licenses is essential to maintain the integrity and legitimacy of the betting industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
