The Online Sports Betting market in CIS is experiencing significant growth and development due to various factors.
Customer preferences: Customers in the CIS region have shown a strong preference for online sports betting due to its convenience and accessibility. With the rise of smartphones and the increasing availability of high-speed internet, more people are turning to online platforms to place their bets. The ability to bet on a wide range of sports and events from the comfort of their own homes has also contributed to the popularity of online sports betting in the region.
Trends in the market: One of the key trends in the Online Sports Betting market in CIS is the increasing popularity of live betting. This allows customers to place bets on sporting events in real-time, adding an extra level of excitement and engagement. The availability of live streaming services has further enhanced this trend, as customers can watch the events they are betting on and make more informed decisions. Another trend in the market is the growing number of online sports betting operators entering the CIS region. This has led to increased competition, which has in turn resulted in better odds and promotions for customers. The market is becoming more saturated, with both local and international operators vying for a share of the growing customer base.
Local special circumstances: One of the unique aspects of the CIS region is its passion for sports, particularly football. Football is the most popular sport in the region, and this has a direct impact on the online sports betting market. Customers in the CIS region are particularly interested in betting on football matches, and operators have responded by offering a wide range of betting options and promotions for football events.
Underlying macroeconomic factors: The growing economy in the CIS region has also contributed to the development of the online sports betting market. As disposable incomes increase, more people have the means to participate in online betting activities. Additionally, the relatively young population in the region, combined with a high internet penetration rate, has created a favorable environment for the growth of the online sports betting market. In conclusion, the Online Sports Betting market in CIS is experiencing growth and development due to customer preferences for convenience and accessibility, as well as the increasing popularity of live betting. The market is becoming more competitive, with a growing number of operators entering the region. The passion for sports, particularly football, and the favorable macroeconomic factors in the CIS region further contribute to the development of the online sports betting market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.Modeling approach:
Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
