The Future Of The Sports Betting Industry In The World

The sports betting industry has one of the brightest futures in the world.

Many sportsbooks that allow online betting continued to operate during the COVID-19 pandemic. Sports have returned alongside mass inoculation campaigns. Online sports betting can continue to expand.

How Big Is the Sports Gambling Industry?
Estimated to be worth $218.5 billion in 2019, the sports betting market size grew for four years. With a slight dip to an estimated $203 billion in 2020, according to Statista.

Valued at around about $211 billion, the forecast for 2021 again looks bright.

Online sports betting market size in 2018 saw Europe as the dominant regional player. The U.K., Germany, and Spain were among the top countries in the region.

Italy collected under €703 million for basketball. €2.1 billion for tennis, and €9.1 billion for football (in Euros).

In 2019, the Asia-Pacific (APAC) region became the world leader. With a 49% share of the global sports betting market.

A 2018 Supreme Court decision paved the way for sports betting legalization in New Jersey in the U.S.

Several other states soon followed suit.

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