Line-in-play was the largest segment of the Turkish online sports betting market, with a revenue of nearly 121 million U.S. dollars in 2019. Fixed old betting, also known as fixed-odds betting, had the second-highest revenue in that year, at around 86 million U.S. dollars. The online e-sports betting segment was forecast to grow to 123.5 million U.S. dollars in 2026.
Market size of online sports betting in Turkey from 2018 to 2026, by segment
(in million U.S. dollars)
* Forecast.
The source provided the following definitions:
"Line-in-play or live/in-game online sports betting refers to live betting while the game is still running, and bettors are open to place their bets. Bettors can put on their wagers as the game progresses, attracting those impulsive bettors, posing a high risk of volatility of losing money, creating a series of bad-line opportunities. Fixed old betting is also known as fixed-odds betting. It offers potential profit or loss in multiples of odds offered by the bookmaker. The returns will be a multiplication of your stake times the odds-on offer. Daily fantasy involves a team of professional players with a fixed salary cap (amount of money a team can spend on the players’ salaries) and earns points based on the real-life statistics for each player. This type of competition is held for a short period (say a day or a week). Fanduel is the top player in this segment. E-sports: Online gaming platforms are flourishing with the rapid technological developments in hardware and software components. Additionally, the live streaming of gaming events and tournaments nowadays has gained traction in eSports betting. Players compete over their computers and the gaming consoles, playing over the internet, attracting a huge audience and online betting platforms to operate in. Some of the eSports games include Battlefield, Dota2, Call of Duty, Counter-Strike Global Offensive, PUBG, and World of Tanks. Exchange betting allows bettors to compete against each other using an online tool, allowing customers to set their own odds over the outcomes in any of the sports events. Spread betting enables bettors to place their bets before or while the game progresses and can be closed early to book profits and minimize losses before the game comes to an end. Spreadex is one of the top players operating in this segment.
The other types of online sports betting include Pari-mutuel betting."
The source specified that the figures were based on company websites, annual reports, secondary research, press releases, paid databases, expert interviews, white papers, journals, case studies, and MRFR analysis.
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MRFR. (March 1, 2021). Market size of online sports betting in Turkey from 2018 to 2026, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1278527/turkey-online-sports-betting-revenue-by-segment/
MRFR. "Market size of online sports betting in Turkey from 2018 to 2026, by segment (in million U.S. dollars)." Chart. March 1, 2021. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1278527/turkey-online-sports-betting-revenue-by-segment/
MRFR. (2021). Market size of online sports betting in Turkey from 2018 to 2026, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1278527/turkey-online-sports-betting-revenue-by-segment/
MRFR. "Market Size of Online Sports Betting in Turkey from 2018 to 2026, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 1 Mar 2021, https://www.statista.com/statistics/1278527/turkey-online-sports-betting-revenue-by-segment/
MRFR, Market size of online sports betting in Turkey from 2018 to 2026, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/1278527/turkey-online-sports-betting-revenue-by-segment/ (last visited November 05, 2024)
Market size of online sports betting in Turkey from 2018 to 2026, by segment (in million U.S. dollars) [Graph], MRFR, March 1, 2021. [Online]. Available: https://www.statista.com/statistics/1278527/turkey-online-sports-betting-revenue-by-segment/