Global Sports Betting Market 2016-2020: Challenges, Trends

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Global Sports Betting Market 2016-2020: Challenges, Trends & Drivers with 888, Betfair, Bwin, Unibet & William Hill Dominating

Dublin, Oct. 12, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Sports Betting Market 2016-2020" report to their offering. The global sports betting market to grow at a CAGR of 4.26% during the period 2016-2020.

Sports betting is a very popular type of gambling that involves predicting sports results and placing a wager on the outcome. There is a wide range of sports betting available in the market. Some of the most popular games that involve high betting are football, horse racing, cricket, basketball, greyhound racing, baseball, and golf. More than 60% of the sports betting done across the world are illegal as the governments are trying to maintain a balance between the world economy and social welfare. In 2015, more than 90% of the sports betting was land-based, which will decrease with the growing shift of preference toward online sports betting platforms. Global Sports Betting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from land-based sports betting, and online sports betting.

According to the report, increased reach of online gambling will be a key driver for market growth. One of the most attractive features of online sports betting is its higher reach among the bettors. This type of betting does not require the physical presence of the bettors at the venue, which eliminates the need for traveling to the venue. In addition, the online sports betting is more popular on computing and mobile devices, which have a higher adoption among youngsters.

Therefore, it has a higher reach in the young population as well. The mobile ads, which are one of the strongest mediums of advertising, reach those untapped groups of the population that refrain from going to the betting venue and encourage them to try the game online. In 2015, the average age of online sports bettor was 38 years, whereas for land-based sports it was 45 years. The reach of the online lottery will be more during the forecast period. Further, the report states that the processing of customer payments through financial institutions remains a big challenge for the vendors. Until 2011, the federal government was liberal in targeting online gaming operators approaching patrons in the US. However, after the implementation of the Unlawful Internet Gaming Enforcement Act of 2006, which prohibits the online gambling platforms from knowingly accepting payments related to a bet or a wager, financial institutions and credit card processors started prohibiting these transactions to avoid becoming the target of federal investigations. Similarly, the increasing instances where the bettors are unable to return the money to the financial institutions is another challenge.

Key vendors

  • 888 Holdings
  • Betfair
  • Bwin.Party Digital Entertainment
  • Unibet
  • William Hill

Other prominent vendors

  • Amaya
  • Bet365
  • bet-at-home
  • BetAmerica
  • Betfred
  • Betsson
  • DraftKings
  • FanDuel
  • Gala Coral
  • Ladbrokes
  • Sportech

Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by platform Part 07: Buying criteria Part 08: Geographical segmentation Part 09: Market attractiveness Part 10: Key leading countries Part 11: Market drivers Part 12: Impact of drivers Part 13: Market challenges Part 14: Impact of drivers and challenges Part 15: Market trends Part 16: Vendor landscape For more information about this report visit http://www.researchandmarkets.com/research/jx...bal_sports

CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Gambling

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Core Lab's Quarterly Grit: Navigating a Turbulent Market

Updated Category News Views 0

Core Lab's Quarter in Review With the kind of resilience that makes a trader's hands shake ever so slightly less over a coffee, Core Laboratories Inc. heads into the fourth quarter of 2026. This isn't your typical Wall Street story, that's for sure. Watching a solid player like Core navigate the bumpy roads of today's volatile market reminds me of a...

Continue Reading
Wendy's Faces Takeover Bid Amid Strategic Focus Shift

Updated Category News Views 87

Behind the Unsolicited Offer Folks, it looks like Wendy's (NASDAQ:WEN) got itself mixed up in some high-stakes shenanigans. An unsolicited, non-binding proposal slammed into them, courtesy of the Investor Group led by Trian Partners, Flynn Group LP, BlueFive Capital, and Sixth Street Partners, itching to scoop up every last piece of Wendy’s stock they ain't already...

Continue Reading
Seasonal Hiring Booms as Firms Eye Long-Term Talent

Updated Category News Views 114

A Strategic Shift in Seasonal Hiring It ain't just about the holiday rush anymore, folks. Companies are waking up to the idea that seasonal gigs are more than a temporary Band-Aid. This year, nearly 2 out of 5 companies are planning to bring more seasonal folks into the fold compared to last year. That means a good dose of them are looking for longer-term value—like...

Continue Reading
BASIS Bellevue Expands with New K-4 Campus

Updated Category News Views 65

A New Era for Young Learners in Bellevue When a community-driven school like BASIS Independent Bellevue makes a move to expand, it doesn't happen in a vacuum. They're not just building another campus—they're aiming to sculpt the future right here in Bellevue, and boy, do they have a plan. The new Lower School campus opening come Fall 2027 is dedicated to kiddos in...

Continue Reading
Royce Global Trust: Insights on RGT's Performance

Updated Category News Views 80

Analyzing Royce Global Trust's Approach When you dig into the Royce Global Trust portfolio, what emerges is a tapestry woven through decades of grit and determination in the investing world. This closed-end fund, trading under the symbol NYSE: RGT, is no stranger to the ebbs and flows of global markets. With every tick of the clock, speculation dances around this fund's...

Continue Reading
Raleigh's Auction Direct Stresses Oil Changes

Updated Category News Views 50

Keeping Engines Humming in Raleigh There's nothing quite like keeping an engine running like clockwork, especially in a place like Raleigh where folks rely on their rides day in and day out. That's where Auction Direct USA steps in, offering professional oil change services aimed at preserving the performance and reliability of used cars. A simple yet crucial service:...

Continue Reading
Caylent's Strategic Moves Gain Eyeballs in ISG Report

Updated Category News Views 103

Big Moves in the Contact Center Game There’s a buzz in the tech trenches, folks. Caylent just climbed onto the radar with its prominent mention in the 2026 ISG Provider Lens® Amazon Connect Ecosystem Report. Being dubbed a Product Challenger is no small feat when you’re pitted against some of the giants in tech. What’s their edge? An AI-first strategy, of course,...

Continue Reading
Long March Reflections: Lesson of Adaptation Endures

Updated Category News Views 22

Ever stood in a place where history feels so heavy you can almost touch it? That's Lazikou, a gorge in southern Gansu, where ninety years ago, young soldiers of China's Red Army faced a seemingly impassable barrier. Yet, they managed to climb, transform a military retreat into legend, and essentially shape the nation's path ahead. It's a feat that still sends ripples...

Continue Reading
OLX Rolls Out New AI Tools Amid Trust Issues

Updated Category News Views 78

A Grounded Approach to AI-Driven Market Evolution OLX Group's stepping into some turbulent waters, folks. They've dropped two new AI-assisted tools, Agentic Selling and DealFinder, while users are still trying to wrap their heads around trusting AI. Now, don't get me wrong, there's potential here—but the road ahead isn't paved with gold just yet. AI-Powered Tools Ready...

Continue Reading
TransCode Pursues Strategic Moves for TTX-MC138 Value

Updated Category News Views 56

A New Chapter for TransCode? Every once in a while, you find companies taking bold steps that make the market look twice. Today, that’s TransCode Therapeutics (NASDAQ: RNAZ) putting their chips on the table, determined to find the best route forward for their oncology efforts. Now, I’ve seen outfits talk plans without substance, but getting Tungsten Advisors on board...

Continue Reading

Top 5 Most Recently Viewed Articles

Cliquall Enhances Global Access with Language Support Update

Updated Category News Views 176

Cliquall Expands Global Access Through Multi-Language Support In an exciting development, Cliquall has unveiled its multi-language website and customer support system, aimed at enhancing accessibility and inclusivity for traders around the world. This innovative update now supports languages including Simplified Chinese, Traditional Chinese, Japanese, Korean, and English,...

Continue Reading
Understanding Riksbank's Auction Process for Government Bonds

Updated Category News Views 233

Riksbank's Auction Process for Government Bonds The Riksbank, Sweden's central bank, plays a crucial role in managing the country's monetary policy and influences the national economy. One of the key aspects of its operations is the auctioning of government bonds. This process is designed to facilitate the financing of government activities and provide crucial liquidity...

Continue Reading
Sony's IMX742: Revolutionizing Endoscopic Imaging

Updated Category News Views 60

Sony's Bold Move into Medical Tech You wouldn't expect a company like Sony to make waves in the medical field, but there they go again, shaking things up with their latest announcement. Lurking past the shiny consumer electronics, they've got the IMX742, a sensor designed for single-use endoscopes. A humble 1 mm square powerhouse, boasting about 0.51 megapixels of digital...

Continue Reading
Investigating Key Mergers: ACA, APGE, BOLD, GBCS

Updated Category News Views 7

Probing the Potential Pitfalls of Corporate Mergers Well, here's a situation where the lawyers are having a field day. Monteverde & Associates, perched up in the Empire State Building of all places, is nudging investors with a firm elbow as they dig into a quartet of mergers that involve Arcosa, Apogee Therapeutics, Boundless Bio, and Selectis Health. When legal eagles...

Continue Reading
Market Trends: Analyzing Recent Momo Stock Movements and Nvidia

Updated Category News Views 512

Understanding Recent Momo Stock Movements In today's dynamic market, it's crucial to grasp the ongoing trends that could significantly impact investing. Recently, a noticeable sell-off in momo stocks has taken place, influenced by an interplay of expectations and reality. Investors are encouraged to sharpen their focus on these movements and understand their implications....

Continue Reading