As the US Supreme Court ruled to legalize sports betting in all 50 states and with the growth of sports betting in the APAC region, expect the global sports betting industry to keep growing at stellar rates. Led by the top 10 largest sports betting companies in the world, the future for sports betting looks promising. Global sports betting market expected to reach nearly $155.49 B by 2024. The sports betting market revenue is projected to expand past USD 134.5 Billion by 2027, according to data provided by Transparency Market Research. It is boosted by the stronger presence of online betting.

The Athletic's betting hub will feature sports betting content with integrated live odds and exclusive offers powered by BetMGM. This includes betting analysis and original reporting across its. Global Sports Betting Market: Overview As the effective sports betting landscape initiates carrying real value to the economies of numerous countries, the idea of sports betting, as considered illegal. Global Sports Betting Market: Overview As the effective sports betting landscape initiates carrying real value to the economies of numerous countries, the idea of sports betting, as considered illegal by regulatory bodies, is observing an epochal scale of change. Growing penetration of smartphones along with the acceptance of video streaming and instant messaging services have boosted the growth of online sports betting through mobile devices during the forecast period.

LONDON--(BUSINESS WIRE)--The sports betting market is expected to grow by USD 144.44 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

The popularity of sports events such as NFL, FIFA, UEFA Champions League, and others has grown significantly over recent years. High-profile sports such as soccer, baseball, and cricket attract massive consumer and media interest, which is increasing sponsorship deals for players, clubs, associations, and owners. Besides, sports organizations are increasing their spend on marketing and promotional activities to attract viewers. Also, several sports betting companies rank among top sponsors of sports teams in the world. This is crucial in developing the brand equity of vendors. Therefore, increasing commercialization of sports events will have a positive influence on the growth of the global sports betting market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40575

As per Technavio, the legalization of sports betting will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Sports Betting Market: Legalization of Sports Betting

Sports betting is legal in a few states of the US, the UK, Denmark, Italy, and other European countries. Several governments across the world are also legalizing online gambling and sports betting, which is providing new growth opportunities for market vendors. For instance, in September 2016, the Government of Singapore relaxed laws related to online gambling, after which the popularity of sports betting increased significantly in the country. Similarly, in November 2019, the Government of California announced its plans to legalize sports betting throughout the state. This trend is expected to boost the growth of the global sports betting market during the forecast period.

“Emergence of machine learning in sports betting and the increasing popularity of e-sports tournaments will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Sports Betting Market: Segmentation Analysis

This market research report segments the sports betting market by Platform (Offline and Online) and Geography (North America, APAC, Europe, South America, and MEA).

The APAC region led the sports betting market in 2019, followed by Europe, North America, MEA, and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing presence of digital platforms and the adoption of online betting.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Platform

• Offline
• Online

Geographic Segmentation

Global Sports Betting Market

• North America
• APAC
• Europe
• South America
• MEA

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

The Athletic And BetMGM Announce Exclusive Sports Betting Partnership

The Athletic And BetMGM Announce Exclusive Sports Betting Partnership

Partnership Features In-Depth Content, Product Integration and Cross-Marketing Opportunities

PR Newswire

SAN FRANCISCO, Jan. 28, 2021

SAN FRANCISCO, Jan. 28, 2021 /PRNewswire/ -- The Athletic, a leading digital sports media company, and BetMGM have agreed to a partnership in which BetMGM has become The Athletic's exclusive sports betting partner in the United States. Key details of the agreement include the creation of The Athletic Betting Hub, a new content vertical for The Athletic, as well as further in-depth content and product integrations between the two companies.

'BetMGM has pioneered the online gaming industry and as we sought to establish The Athletic as a home for great betting content, we knew there would be no better partner,' said Evan Parker, The Athletic's General Manager of Content Operations. 'As we collaborate on this new venture, we share a joint vision for how to seamlessly blend media, analysis and betting into unique, premium experiences for The Athletic subscribers.'

With more than one million subscribers around the world, The Athletic's readers have access to coverage of nearly 300 professional sports and collegiate teams and clubs in the U.S., Canada and the UK. An editorial team of more than 400 full-time writers has produced thousands of articles and contributes to more than 100 podcasts.

Matt Prevost, BetMGM's Chief Revenue Officer, said, 'The Athletic has an incredibly engaged and loyal readership and we look forward to introducing their fans to the BetMGM sports betting brand. They also have an outstanding product and, through integrations and collaboration, this partnership complements The Athletic's premium offering.'

The Athletic's betting hub will feature sports betting content with integrated live odds and exclusive offers powered by BetMGM. This includes betting analysis and original reporting across its written, audio and video platforms. BetMGM and The Athletic will also collaborate across digital and social platforms to create an immersive betting experience for sports fans.

Global Sports Betting

The BetMGM mobile app is currently live in 10 states and is available for download on both iOS and Android, as well as accessible via desktop at www.betmgm.com. BetMGM offers user-friendly sports betting experiences, making it easy to customize pre-game, live in-play, futures and parlay wagers. BetMGM's integration with MGM Resorts' M life Rewards program allows BetMGM users, in legal playing states, the opportunity to redeem their gameplay for world-class experiences at MGM Resorts properties nationwide. Those resorts include Bellagio and MGM Grand in Las Vegas, Borgata in New Jersey, Beau Rivage in Mississippi and MGM National Harbor in Maryland. For more information, follow @BetMGM on Twitter.

About The Athletic
The Athletic is a direct-to-consumer digital sports media company committed to helping subscribers experience storytelling in a whole new way. Founded in 2016, The Athletic has more than 600 full-time employees and covers nearly 300 professional sports and collegiate teams and clubs in the US, Canada, and the UK. The Athletic's newsroom has produced thousands of in-depth articles and is home to more than 100 podcasts. The Athletic is headquartered in San Francisco, with offices in New York, London and Melbourne.

Global Sports Betting Software Market

The Athletic was advised by Bettor Capital, an online gaming focused investment and consulting firm headquartered in New Jersey.

About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM Resorts' U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.

Global Sports Betting Pretoria Central

Statements in this release that are not historical facts are 'forward-looking' statements and 'safe harbor statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including BetMGM's ability to grow in new or existing jurisdictions. Management has based forward-looking statements on current expectations and assumptions and not on historical facts. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the effects of economic and market conditions in the jurisdictions in which BetMGM operates, competition with other iGaming and sports betting platforms, the timing and costs of expanding in new jurisdictions as well as obtaining and maintaining the required permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions. In providing forward-looking statements, BetMGM is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If BetMGM updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

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Sports Betting Websites

SOURCE BetMGM