Online Sports Betting - Benelux | Statista Market Forecast

Revenue in the Online Sports Betting market is projected to reach US$1.05bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.42%, resulting in a projected market volume of US$1.30bn by 2028.
In the Online Sports Betting market, the number of users is expected to amount to 1.9m users by 2028.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
The average revenue per user (ARPU) is expected to amount to US$685.40.
In global comparison, most revenue will be generated Australia (US$9.76bn in 2024).
With a projected rate of 0.0, the user penetration in the Online Sports Betting market is highest 0.0.

Definition:

The online sports betting market refers to the segment of the online gambling industry that involves placing bets on various sports events over the internet. This includes a wide range of sports, such as football, basketball, baseball, horse racing, tennis, and many others. Online sports betting allows customers to place bets on the outcome of sporting events in real-time, either before or during the event. These bets can be placed through various online platforms, including websites and mobile apps, which are often operated by licensed online sportsbook operators.

Additional Information

Data includes revenue figures in Gross Gambling Revenue (GGR), which is the total amount of bets placed by customers minus the amount paid out in winnings, Users, average revenue per user (ARPU), user penetration rate, and a breakdown of revenue shares of the total betting market. User and revenue figures represent B2C services.

Online sports betting on various sports such as football, basketball, tennis, cricket, golf, etc.
Esports betting on sports simulation games such as FIFA, NBA 2K, and Madden NFL
Proposition betting on specific events or outcomes in a sports game

Offline or land-based sports betting establishments such as sportsbooks and race tracks
Betting on non-sporting events such as politics, entertainment, and reality TV shows
Illegal or unlicensed online sports betting websites or apps.

The Online Sports Betting market in Benelux is experiencing significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Benelux region have shifted towards online sports betting due to its convenience and accessibility. With the advancement of technology and the widespread use of smartphones, customers are now able to place bets on their favorite sports events from the comfort of their own homes or on the go. This has led to an increase in the number of online sports betting platforms and a higher demand for digital betting options. Trends in the market also contribute to the development of the Online Sports Betting market in Benelux. The popularity of sports betting has been on the rise globally, and the Benelux region is no exception. The excitement and thrill of placing bets on sports events have attracted a large number of customers, leading to an increase in the overall market size. Additionally, the availability of a wide range of sports and betting options, such as live betting and virtual sports, has further fueled the growth of the market. Local special circumstances in the Benelux region have played a role in the development of the Online Sports Betting market. The region has a strong sports culture, with a significant number of people actively participating in and following various sports. This has created a favorable environment for online sports betting, as customers are already engaged and interested in sports events. Furthermore, the Benelux region has a well-developed internet infrastructure, making it easier for customers to access online sports betting platforms. Underlying macroeconomic factors have also contributed to the growth of the Online Sports Betting market in Benelux. The region has experienced steady economic growth, which has increased disposable incomes and discretionary spending. As a result, customers have more financial resources to allocate towards leisure activities such as online sports betting. Additionally, the legal framework surrounding online gambling in the Benelux region has become more favorable, providing a regulated and secure environment for customers to engage in online sports betting. In conclusion, the Online Sports Betting market in Benelux is developing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online sports betting, coupled with the region's strong sports culture and favorable economic conditions, have contributed to the increasing popularity of this market. As the market continues to grow, it is expected to attract more customers and generate higher revenues for online sports betting platforms operating in the Benelux region.

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. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Digital market, in a PDF format.

Sports betting is a type of gambling that refers to the activity of placing a wager on the outcome of a sporting event. Events on which wagers are made could be anything from more traditional activities like horse or dog racing to sports such as soccer and American football. Bets are typically made through bookmakers, also known as sportsbooks. These operate both as land-based establishments, for example, at casinos or betting shops, and online. The total amount of money wagered by bettors is known as a handle, while the amount of money earned by a sportsbook after paying out the winners is revenue. In 2022, the sports betting and lottery market size worldwide amounted to 235.46 billion U.S. dollars.