Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR43681

  • Latest News- Horse And Sports Betting Market: Offline betting is expected to lead the Platform segment during 2025-2029

    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. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Platform
      • Offline betting
      • Online betting
    • Type
      • Fixed odds wagering
      • Exchange betting
      • Live betting
      • esports betting
      • Others
    • Geography
      • Europe
        • Germany
        • UK
        • Italy
      • APAC
        • China
        • India
        • Japan
      • North America
        • Canada
        • US
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Increasing digital connectivity
      • Legalization of horse and sports betting
      • Increasing disposable incomes

      However, the market also witnesses some limitations, which are as follows:

      • Stringent government regulations
      • Illegal practices associated with sports betting
      • Negative socioeconomic impact

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      Market Scope in Horse And Sports Betting Market Research Report

      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

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      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.

      Market Research Overview

      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.


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      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/

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