How large is the e-sports betting market, and what is its growth trajectory?
The E-sports betting market size has grown rapidly in recent years. It will grow from $11.22 billion in 2024 to $12.66 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to the popularity of esports, acceptance of online gambling, increased prize pools, youth engagement, sponsorship and investment.
The E-sports betting market size is expected to see rapid growth in the next few years. It will grow to $20.39 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to the expansion of esports titles, global market penetration, regulatory changes, partnerships and collaborations, and growing infrastructure. Major trends in the forecast period include cross-platform integration, adoption of blockchain, enhanced user experience, technological advancements, and integration of AI and machine learning.
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What have been the primary factors driving the e-sports betting market’s growth?
The growing popularity of online games is expected to propel the growth of the E-sports betting market. Online games are interactive digital games played over the internet, connecting players from various locations in a shared virtual environment. The growing popularity of online games is driven by advancements in technology, widespread internet access, engaging and immersive gameplay experiences, social connectivity, and the availability of diverse game genres catering to various interests and age groups. E-sports betting boosts online gaming popularity by increasing viewer engagement, attracting a wider audience, and generating revenue for the e-sports industry. For instance, in May 2023 according to the American Gaming Association, US-based trade group, in 2022, total U.S. consumer spending on commercial casino gaming and sports betting reached a record $60.46 billion, reflecting a significant increase of 14.0 percent compared to the previous year. Therefore, the growing popularity of online games drives the growth of the E-sports betting market.
What are the key segments within the e-sports betting market?
The E-sports betting market covered in this report is segmented –
1) By Betting Types: Pre-Match Betting, Live Or In-Play Betting
2) By Platform Types: Online Betting Platforms, Offline Betting Locations
3) By Application: Ages 18-25, Ages 26-30, Ages 31 And Above
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Which key players are shaping the e-sports betting market?
Major companies operating in the E-sports betting market are Flutter Entertainment Plc, Entain Plc, Bet365, DraftKings Inc., Pinnacle Group Inc., Super Group Ltd., William Hill Plc, Kindred Group Plc, Paddy Power Betfair Plc, Betsson AB, Betfred, SBOBET, Parimatch, 888 Holdings Plc, Bet-at-home.com AG, Betvictor Ltd., Esports Entertainment Group, BetWinner, Intertops, Betcris, Bovada, Unikrn, GVC Group, GG.BET, Real Luck Group Limited
How will emerging trends drive the e-sports betting market throughout the forecast period?
Major companies operating in the E-sports betting market are focusing on developing innovative technology, such as odds and modeling feed technology, to enhance betting accuracy, improve user experience, and offer more competitive and dynamic betting options. Odds and modeling feed technology involve using statistical models and algorithms to predict outcomes and optimize decision-making in various applications. For instance, in April 2022, Esports Technologies Inc., a US-based provider of esports products, platforms, and marketing solutions, launched its innovative Odds and Modeling Feed Technology. This cutting-edge technology enables the company to deliver real-time odds and modeling data to its clients, enhancing their ability to make informed betting decisions. The Odds and Modeling Feed Technology leverages advanced algorithms and machine learning techniques to analyze vast amounts of data, providing accurate and up-to-date insights on esports events.
How do regional factors impact the e-sports betting market, and which region is the largest contributor?
Europe was the largest region in the e-sports betting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the E-sports betting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The E-Sports Betting Market Report 2025 Offer?
The e-sports betting market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
E-sports betting refers to the practice of placing wagers on the outcome of competitive video gaming events. These events, known as e-sports, feature professional gamers and teams competing in various video games, and bettors can place bets on aspects such as match winners, tournament outcomes, and in-game events.
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