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The Size and Increase of the Global Sports Betting Market

Massive Is the Sports Betting Market?

It’s important to recognize the general size of the sports betting market isn’t easy to estimate since regulations and record keeping are inconsistent. There is no resource that is definitive, from nation to nation, that researchers can rely on. Records are too jarring to paint a completely accurate picture.

That said, it doesn’t mean there are quotes. International sports betting is projected to have a market capitalization of $250 billion. According to Statistica, a highly-reputable company, accredited online sportsbooks (such as those we review) account for upwards of $39.7 billion of the revenue.

The rest of these sports stakes are staked at places like global conduits, at horse tracks, or casinos.

The Fastest Growing Sports Betting Market: The United States

In 2009, the sports betting market was valued at $20 billion. By 2016, it had been valued at $40 billion. Having a present market capitalization of (conservatively) involving $60-73 billion, the market has conservatively grown at a rate of $10 billion per year. If this pace continues, American sports will occupy an increasingly significant share of the world market.

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