It’s estimated that residents falling in the APAC region are responsible for 47% of the world’s sports wagers. With a population of more than 4 billion people, it’s of little surprise that the APAC region occupies the most significant percentage of market share in the sports betting industry. APAC (Asia-Pacific): The Biggest Sports Betting Market Given the stigma that still hovers around sports betting in the US, it’s possible that some of those polled in the survey weren’t entirely forthcoming on whether they’d bet on sports. If this pace continues, American sports betting will occupy an increasingly significant share of the world market.Īccording to a recent Statista survey, over 50% of US citizens admitted to placing a bet on a sporting event at least once in their life. With a present market capitalization of (conservatively) between $60-73 billion, the market has conservatively grown at a rate of $10 billion per year. In 2009, the sports betting market was valued at $20 billion.

The Fastest Growing Sports Betting Market: The United States The rest of these sports bets are staked at venues like casinos, at horse tracks, or other global conduits. According to Statista, a highly-reputable data firm, licensed online sportsbooks (like the ones we review) account for upwards of $39.7 billion of this revenue. International sports betting is estimated to have a market capitalization of $250 billion. That said, it doesn’t mean that there aren’t reliable estimates. Records are too disparate to paint an entirely accurate picture. There is no definitive resource, from nation to nation, that researchers can solidly rely on. It’s important to recognize that the overall size of the sports betting market is difficult to estimate because regulations and record-keeping are inconsistent. How Massive Is the Sports Betting Market? In this article, we’ll lay out the overall size of the global sports betting market, explore some projections for its future growth, and try to pin down the root causes of this rapid market expansion. With the digital revolution in full swing, the sports betting industry continues to undergo dynamic changes, expanding in established markets and forging its way into new ones. In fact, it’s one of the fastest-growing sectors in the world, offering tremendous potential for both sportsbooks and bettors. The global sports betting market continues to surge in popularity.

Sports betting industry trends