Europe Online Sports Betting Market Size, Trends and Insights By Type (Line-In-Play, Fixed Old Betting, Daily Fantasy Sports, E-Sports, Sports Exchange, Spread Betting, Others), By Sports Type (Football, Cricket, Tennis, Baseball, Volleyball, Basketball, Hockey, Horse Riding, Boxing, Golf, Racing, Others), By Leagues (Cricket, MLB, NBA, NFL, NHL, LOL), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI39543

Published Date: January 2024

Pages: 320+

Category: Europe

Report Snapshot

CAGR: 12.3%
17.90B
2022
19.55B
2023
55.50B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Europe
Largest Market: Europe

Major Players

  • Bet365 Group Limited
  • Flutter Entertainment plc
  • GVC Holdings PLC
  • Entain plc
  • Kindred Group plc (Unibet)
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the Europe Online Sports Betting Market is expected to record a CAGR of 12.3% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 19.55 Billion. By 2032, the valuation is anticipated to reach USD 55.50 Billion.

The Europe Online Sports Betting Market represents a dynamic landscape where individuals engage in wagering on various sports through digital platforms. Influenced by factors such as regulatory developments, technological innovations, and strategic partnerships, the market has experienced significant growth.

Key players like Bet365, Flutter Entertainment, and GVC Holdings have driven advancements, offering diverse betting options, user-friendly interfaces, and attractive promotions. The market’s resilience is evident in its ability to adapt to changing consumer behaviors and navigate challenges such as the COVID-19 pandemic. Overall, it reflects a vibrant and competitive ecosystem in the realm of digital sports wagering across Europe.

Europe Online Sports Betting Market – Significant Growth Factors

The Europe Online Sports Betting Market presents significant growth opportunities due to several factors:

  • Regulatory Developments: The ongoing evolution of regulatory frameworks for online sports betting across European countries is a key driver. Governments’ increasing acceptance and regulation of the industry provide a stable and legally supported environment, fostering market growth.
  • Innovations in User Experience: Continuous advancements in user interfaces, mobile applications, and live streaming technologies enhance the overall user experience. Sports betting operators investing in cutting-edge technology attract and retain customers by providing seamless and engaging platforms.
  • Strategic Market Entry: The trend of strategic market entry through partnerships, mergers, and acquisitions drives growth. Collaboration between online sports betting platforms and established entities, such as sports leagues and media outlets, expands market reach and diversifies offerings, creating a competitive advantage.
  • Cultural Shifts and Sports Enthusiasm: Changing cultural attitudes towards online sports betting, coupled with a robust sports culture, contribute to market expansion. The enthusiasm for sports events, combined with a growing acceptance of betting as a form of entertainment, fuels increased participation.
  • Personalized Marketing Strategies: Implementing personalized marketing strategies based on user preferences and behaviors offers an opportunity for operators. Tailored promotions, bonuses, and targeted advertising can enhance user engagement, attract new customers, and increase brand loyalty.
  • Integration of Cryptocurrency: The potential integration of cryptocurrency as a payment option provides an opportunity for market differentiation. Embracing digital currencies can appeal to tech-savvy users, offering a secure and efficient transaction method, thereby expanding the customer base for online sports betting operators.

Europe Online Sports Betting Market – Mergers and Acquisitions

The Europe Online Sports Betting Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Europe Online Sports Betting Market include:

  • In 2022, Bingo World collaborates with Rush Street Interactive to introduce the BetRivers retail sportsbook in Maryland. Eligible bettors, aged 21 and over, can access a range of betting options, including parlays and in-game bets, via 12 self-service kiosks and three over-the-counter machines at the new retail sportsbook.
  • In 2022, Betway extended its partnership with CSGO esports series BLAST Premier for two more years, securing the collaboration until the conclusion of BLAST Premier’s 2023 season. This renewal underscores Betway’s commitment to the esports sector and enhances its presence in the rapidly growing esports betting market.
  • In 2021, BetRivers signed an exclusive partnership with the Field of 68 Media Network, expanding into college football with the Field of 12. The collaboration involves five weekly podcasts featuring former college football stars, covering Power Five conferences, and a live Saturday night broadcast reacting to the day’s biggest games and stories.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Europe Online Sports Betting Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Europe Online Sports Betting Market US Online Gambling and Betting Market Online Sports Betting Market
CAGR 12.3% (Approx) CAGR 12.2% (Approx) CAGR 14.2% (Approx)
USD 55.50 Billion by 2032 USD 29,245.7 Million by 2032 USD 116,787 Million by 2032

Europe Online Sports Betting Market – Significant Threats

The Europe Online Sports Betting Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Regulatory Challenges: Evolving and varying regulations across European countries pose a significant threat. Inconsistencies in legal frameworks can lead to compliance issues, impacting market accessibility and creating uncertainties for online sports betting operators.
  • Intense Market Competition: The highly competitive nature of the European online sports betting market poses a threat to operators. Increased competition may result in pricing pressures, reduced profit margins, and challenges in differentiating services, affecting overall market share and profitability.
  • Cybersecurity Risks: The online nature of sports betting exposes operators to cybersecurity threats. The potential for data breaches, hacking incidents, or other cybersecurity vulnerabilities could compromise user trust, leading to legal and financial repercussions.
  • Problem Gambling Concerns: Growing concerns about problem gambling and the societal impact of excessive betting pose regulatory and reputational risks. Increased scrutiny from regulators and public backlash may result in stricter regulations and advertising restrictions, affecting market operations.
  • Unforeseen External Factors: Unpredictable external factors, such as economic downturns, natural disasters, or global events, can impact the Europe online sports betting market. These unforeseen events may disrupt live sports schedules, reduce consumer spending, and pose challenges to the overall stability of the market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 19.55 Billion
Projected Market Size in 2032 USD 55.50 Billion
Market Size in 2022 USD 17.90 Billion
CAGR Growth Rate 12.3% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Sports Type, Leagues and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope Europe
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type

  • Line-In-Play: Line-In-Play refers to live, real-time betting on ongoing sports events. In Europe, this dynamic type allows bettors to place wagers during matches, adjusting to changing circumstances and enhancing the interactive experience, driven by the demand for immediate engagement and excitement in online sports betting.
  • Fixed Odds Betting: Fixed Odds Betting involves placing bets on predetermined odds before an event begins. In Europe, this traditional form remains popular, offering simplicity and clarity. Trends show a continuous integration of innovative features to enhance user experience and attract a diverse audience.
  • Daily Fantasy Sports: Daily Fantasy Sports (DFS) involves creating virtual teams and competing based on real players’ performance. In Europe, the DFS segment is gaining traction, driven by its strategic and skill-based nature. Platforms are incorporating diverse sports and refining scoring systems to attract a broader user base.
  • E-Sports: E-Sports betting involves wagering on competitive video gaming. In Europe, the E-Sports segment has seen substantial growth, with an increasing number of events and diverse game titles. The trend leans towards live streaming integration, innovative betting options, and partnerships with E-Sports leagues.
  • Sports Exchange: Sports Exchange allows users to bet against each other by setting odds. In Europe, this type fosters a peer-to-peer betting environment. The trend involves technological advancements, providing efficient and transparent platforms, as well as partnerships with sports entities for a comprehensive offering.
  • Spread Betting: Spread Betting involves predicting the outcome’s range rather than a specific result. In Europe, this type offers a unique approach to wagering. Trends include an increasing variety of spread betting options, particularly in niche sports, and the integration of risk management tools for users.
  • Others: The “Others” category in Europe includes innovative and emerging betting formats, such as virtual sports, novelty betting, and social betting platforms. Operators are experimenting with diverse offerings to cater to evolving consumer preferences, contributing to the dynamism of the online sports betting market in the region.

Europe Online Sports Betting Market 2023–2032 (By Billion)

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By Sports Type

  • Football: Football betting in Europe involves wagering in various football leagues and tournaments. A major trend is the rise of in-play betting, diverse prop bets, and an increased focus on emerging talent.
  • Cricket: Cricket betting encompasses wagers on international and domestic cricket matches. The trend includes the growth of live betting options, prop bets, and a focus on popular T20 leagues, fostering a dynamic betting environment.
  • Tennis: Tennis betting involves wagering on matches from global tournaments. Trends include increased in-play betting options, prop bets, and a focus on major Grand Slam events, with data analytics influencing betting strategies.
  • Baseball: Baseball betting revolves around MLB and other leagues. Trends feature live betting popularity, player-specific prop bets, and the impact of advanced statistics on wagering decisions, creating an analytical approach.
  • Volleyball: Volleyball betting includes wagers on both indoor and beach volleyball events. Growing trends involve in-play betting, set-specific bets, and increased coverage of international competitions, expanding betting options.
  • Basketball: Basketball betting encompasses wagers on various leagues globally. Trends include the prominence of in-play betting, player prop bets, and the impact of three-pointers on betting dynamics, adding excitement to the market.
  • Hockey: Hockey betting involves wagers in ice hockey leagues. Trends include live betting options, period-specific bets, and an emphasis on major international tournaments like the IIHF World Championship, enhancing global engagement.
  • Horse Riding: Horse riding betting covers horse racing events. Trends include a shift toward online platforms, live streaming of races, and an increase in exotic bets like trifectas, providing an immersive betting experience.
  • Boxing: Boxing betting involves wagering on professional boxing matches. Trends include the rise of prop bets, in-play betting, and an emphasis on major title fights, creating heightened anticipation for big matchups.
  • Golf: Golf betting includes wagers on professional golf tournaments. Trends feature in-play betting, player-specific bets, and the impact of course conditions on betting decisions, adding strategic depth to the market.
  • Racing: Racing betting covers various motorsports, including Formula 1. Trends involve live betting during races, driver-specific prop bets, and the increasing popularity of virtual racing events, bringing innovation to the market.
  • Others: Betting on niche sports and events falls under the “Others” category. Trends include increased coverage, live betting options, and unique prop bets, catering to diverse interests and expanding the Europe online sports betting market’s breadth.

By Leagues 

  • Cricket: Cricket betting in the Europe Online Sports Betting Market involves wagering on various formats, with a focus on international and domestic leagues. The trend includes a surge in live betting options and the popularity of T20 leagues, enhancing the overall betting experience for cricket enthusiasts.
  • MLB (Major League Baseball): MLB betting in Europe centers around American baseball leagues. The trend includes a rise in live betting, prop bets, and an expanding selection of in-game wagers, contributing to increased user engagement.
  • NBA (National Basketball Association): NBA online sports betting encompasses wagering on basketball events. The trend involves a growing interest in live betting, player prop bets, and an expanded array of betting options, enhancing the overall appeal of NBA betting in Europe.
  • NFL (National Football League): NFL betting involves wagering on American football events. The trend features a significant focus on live betting, Super Bowl-related wagers, and an increasing array of player performance prop bets, creating a dynamic market for NFL enthusiasts in Europe.
  • NHL (National Hockey League): NHL online sports betting revolves around ice hockey events. The trend includes a rise in live betting options, prop bets related to player statistics, and an expanding selection of parlays, providing a diverse and engaging experience for NHL enthusiasts in Europe.
  • LOL (League of Legends): LOL betting involves wagering on esports, specifically the popular game League of Legends. The trend showcases a growing interest in esports betting, with a focus on innovative in-game prop bets and a variety of betting options, contributing to the evolving landscape of esports betting in Europe.

Europe Online Sports Betting Market 2023–2032 (By Leagues)

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Competitive Landscape – Europe Online Sports Betting Market

The Europe Online Sports Betting Market is highly competitive, with a large number of manufacturers and retailers operating. Some of the key players in the market include:

  • Bet365 Group Limited
  • Flutter Entertainment plc
  • GVC Holdings PLC
  • Entain plc
  • Kindred Group plc (Unibet)
  • 888 Holdings plc
  • William Hill plc
  • Betsson AB
  • LeoVegas AB
  • Betway Limited
  • Sisal Group
  • Betfair International
  • STS Gaming Group
  • Betfred
  • Napoleon Sports & Casino
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players adopting innovation in the Europe Online Sports Betting Market include names like Betway, STS Gaming Group, and Napoleon Sports & Casino. These entrants focus on cutting-edge technology, user-friendly interfaces, and strategic collaborations to gain a foothold. Established leaders dominating the market include Bet365, Flutter Entertainment, and GVC Holdings.

These key players leverage strong brand presence, advanced technological solutions, and strategic partnerships. Bet365, for instance, continues to invest in user experience, offering a vast array of betting options and promotions, solidifying its dominance in the competitive European online sports betting landscape.

Europe Online Sports Betting Market 2023–2032 (By Type)

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The Europe Online Sports Betting Market is segmented as follows:

By Type

  • Line-In-Play
  • Fixed Old Betting
  • Daily Fantasy Sports
  • E-Sports
  • Sports Exchange
  • Spread Betting
  • Others

By Sports Type

  • Football
  • Cricket
  • Tennis
  • Baseball
  • Volleyball
  • Basketball
  • Hockey
  • Horse Riding
  • Boxing
  • Golf
  • Racing
  • Others

By Leagues

  • Cricket
  • MLB
  • NBA
  • NFL
  • NHL
  • LOL

Regional Coverage:

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Europe Online Sports Betting Market, (2023 – 2032) (USD Billion)
    • 2.2 Europe Online Sports Betting Market: snapshot
  • Chapter 3. Europe Online Sports Betting Market – Industry Analysis
    • 3.1 Europe Online Sports Betting Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Regulatory Developments
      • 3.2.2 Innovations in User Experience
      • 3.2.3 Strategic Market Entry
      • 3.2.4 Cultural Shifts and Sports Enthusiasm
      • 3.2.5 Personalized Marketing Strategies And Integration of Cryptocurrency.
      • 3.2.6 Regulatory Developments
      • 3.2.7 Innovations in User Experience
      • 3.2.8 Strategic Market Entry
      • 3.2.9 Cultural Shifts and Sports Enthusiasm
      • 3.2.10 Personalized Marketing Strategies
      • 3.2.11 Integration of Cryptocurrency.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Sports Type
      • 3.7.3 Market Attractiveness Analysis By Leagues
  • Chapter 4. Europe Online Sports Betting Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Europe Online Sports Betting Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Europe Online Sports Betting Market – Type Analysis
    • 5.1 Europe Online Sports Betting Market Overview: By Type
      • 5.1.1 Europe Online Sports Betting Market Share, By Type, 2022 and 2032
    • 5.2 Line-In-Play
      • 5.2.1 Europe Online Sports Betting Market by Line-In-Play, 2023 – 2032 (USD Billion)
    • 5.3 Fixed Old Betting
      • 5.3.1 Europe Online Sports Betting Market by Fixed Old Betting, 2023 – 2032 (USD Billion)
    • 5.4 Daily Fantasy Sports
      • 5.4.1 Europe Online Sports Betting Market by Daily Fantasy Sports, 2023 – 2032 (USD Billion)
    • 5.5 E-Sports
      • 5.5.1 Europe Online Sports Betting Market by E-Sports, 2023 – 2032 (USD Billion)
    • 5.6 Sports Exchange
      • 5.6.1 Europe Online Sports Betting Market by Sports Exchange, 2023 – 2032 (USD Billion)
    • 5.7 Spread Betting
      • 5.7.1 Europe Online Sports Betting Market by Spread Betting, 2023 – 2032 (USD Billion)
    • 5.8 Others
      • 5.8.1 Europe Online Sports Betting Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Europe Online Sports Betting Market – Sports Type Analysis
    • 6.1 Europe Online Sports Betting Market Overview: By Sports Type
      • 6.1.1 Europe Online Sports Betting Market Share, By Sports Type, 2022 and 2032
    • 6.2 Football
      • 6.2.1 Europe Online Sports Betting Market by Football, 2023 – 2032 (USD Billion)
    • 6.3 Cricket
      • 6.3.1 Europe Online Sports Betting Market by Cricket, 2023 – 2032 (USD Billion)
    • 6.4 Tennis
      • 6.4.1 Europe Online Sports Betting Market by Tennis, 2023 – 2032 (USD Billion)
    • 6.5 Baseball
      • 6.5.1 Europe Online Sports Betting Market by Baseball, 2023 – 2032 (USD Billion)
    • 6.6 Volleyball
      • 6.6.1 Europe Online Sports Betting Market by Volleyball, 2023 – 2032 (USD Billion)
    • 6.7 Basketball
      • 6.7.1 Europe Online Sports Betting Market by Basketball, 2023 – 2032 (USD Billion)
    • 6.8 Hockey
      • 6.8.1 Europe Online Sports Betting Market by Hockey, 2023 – 2032 (USD Billion)
    • 6.9 Horse Riding
      • 6.9.1 Europe Online Sports Betting Market by Horse Riding, 2023 – 2032 (USD Billion)
    • 6.10 Boxing
      • 6.10.1 Europe Online Sports Betting Market by Boxing, 2023 – 2032 (USD Billion)
    • 6.11 Golf
      • 6.11.1 Europe Online Sports Betting Market by Golf, 2023 – 2032 (USD Billion)
    • 6.12 Racing
      • 6.12.1 Europe Online Sports Betting Market by Racing, 2023 – 2032 (USD Billion)
    • 6.13 Others
      • 6.13.1 Europe Online Sports Betting Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Europe Online Sports Betting Market – Leagues Analysis
    • 7.1 Europe Online Sports Betting Market Overview: By Leagues
      • 7.1.1 Europe Online Sports Betting Market Share, By Leagues, 2022 and 2032
    • 7.2 Cricket
      • 7.2.1 Europe Online Sports Betting Market by Cricket, 2023 – 2032 (USD Billion)
    • 7.3 MLB
      • 7.3.1 Europe Online Sports Betting Market by MLB, 2023 – 2032 (USD Billion)
    • 7.4 NBA
      • 7.4.1 Europe Online Sports Betting Market by NBA, 2023 – 2032 (USD Billion)
    • 7.5 NFL
      • 7.5.1 Europe Online Sports Betting Market by NFL, 2023 – 2032 (USD Billion)
    • 7.6 NHL
      • 7.6.1 Europe Online Sports Betting Market by NHL, 2023 – 2032 (USD Billion)
    • 7.7 LOL
      • 7.7.1 Europe Online Sports Betting Market by LOL, 2023 – 2032 (USD Billion)
  • Chapter 8. Europe Online Sports Betting Market – Regional Analysis
    • 8.1 Europe Online Sports Betting Market Regional Overview
    • 8.2 Europe Online Sports Betting Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. Europe
      • 8.3.1 Europe Europe Online Sports Betting Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 Europe Europe Online Sports Betting Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 Europe Europe Online Sports Betting Market, by Type, 2023 – 2032
      • 8.4.1 Europe Europe Online Sports Betting Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 Europe Europe Online Sports Betting Market, by Sports Type, 2023 – 2032
      • 8.5.1 Europe Europe Online Sports Betting Market, by Sports Type, 2023 – 2032 (USD Billion)
    • 8.6 Europe Europe Online Sports Betting Market, by Leagues, 2023 – 2032
      • 8.6.1 Europe Europe Online Sports Betting Market, by Leagues, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Bet365 Group Limited
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Flutter Entertainment plc
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 GVC Holdings PLC
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Entain plc
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Kindred Group plc (Unibet)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 888 Holdings plc
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 William Hill plc
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Betsson AB
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 LeoVegas AB
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Betway Limited
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Sisal Group
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Betfair International
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 STS Gaming Group
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Betfred
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Napoleon Sports & Casino
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 37

List Of Tables

Tables No 1 to 5

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Bet365 Group Limited
  • Flutter Entertainment plc
  • GVC Holdings PLC
  • Entain plc
  • Kindred Group plc (Unibet)
  • 888 Holdings plc
  • William Hill plc
  • Betsson AB
  • LeoVegas AB
  • Betway Limited
  • Sisal Group
  • Betfair International
  • STS Gaming Group
  • Betfred
  • Napoleon Sports & Casino
  • Others

FAQs

The key factors driving the Market are Regulatory Developments, Innovations in User Experience, Strategic Market Entry, Cultural Shifts and Sports Enthusiasm, Personalized Marketing Strategies And Integration of Cryptocurrency.

The key players in the market are Bet365 Group Limited, Flutter Entertainment plc , GVC Holdings PLC, Entain plc, Kindred Group plc (Unibet), 888 Holdings plc, William Hill plc , Betsson AB, LeoVegas AB, Betway Limited, Sisal Group, Betfair International , STS Gaming Group, Betfred, Napoleon Sports & Casino, Others.

The “Line-In-Play” category dominated the market in 2022.

The market is projected to grow at a CAGR of 12.3% during the forecast period, 2023-2032.

The Europe Online Sports Betting Market size was valued at USD 19.55 Billion in 2023.

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