The global sports betting industry reached a market size of 242 billion U.S. dollars in 2022. Within this industry, there were over 200 thousand employees in a total of nearly 25 thousand businesses. Many countries participate in legal sports betting, one of the more recent being the United States in 2019. Despite being a relative newcomer, the revenue of the sports betting industry in the U.S. was predicted to grow to as much as 10 billion U.S. dollars by 2028.
Key industry data on the sports betting sector worldwide as of May 2023
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Included in the definition of the legal gambling industry are lotteries, Lotto, sports betting, non-casino video machines, as well as Keno and scratch tickets.
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IBISWorld. (May 22, 2023). Key industry data on the sports betting sector worldwide as of May 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/
IBISWorld. "Key industry data on the sports betting sector worldwide as of May 2023." Chart. May 22, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/
IBISWorld. (2023). Key industry data on the sports betting sector worldwide as of May 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/
IBISWorld. "Key Industry Data on The Sports Betting Sector Worldwide as of May 2023." Statista, Statista Inc., 22 May 2023, https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/
IBISWorld, Key industry data on the sports betting sector worldwide as of May 2023 Statista, https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/ (last visited July 22, 2024)
Key industry data on the sports betting sector worldwide as of May 2023 [Graph], IBISWorld, May 22, 2023. [Online]. Available: https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/