Global Sports Betting Market Size Is Expected To Grow By USD 144 Billion By 2025
E
ven the pandemic could not prevent the Global Sports Betting Market to thrive and continue to grow.
The global sports betting market had been pent-up for about a year. However, sports gambling statistics in the U.S. suggested strong, record growth with $387 million in revenue being attributed to January alone, per the American Gaming Association (AGA). As a record month for nationwide sports betting, it signified a 174% year-over-year surge in revenue from 2020. In addition to the 11 states that reported record-setting wager amounts from sports betting in January, there were also two new legal jurisdictions, in Virginia and Michigan, which contributed to those statistics. Tennessee and South Dakota are among a few other states looking to finalize legislation to legalize sports betting within their borders before starting the next football season, September 2021. According to an article in the European Business Review, domestic sports betting revenue in the U.S. is projected to be valued at $7 billion by 2025... and it continued saying that, according to a report by Technavio, the global sports betting market size is expected to grow by $144.44 billion between 2020-2025. Active gaming and tech companies in the markets today include Esports Technologies (NASDAQ EBET), Esports Entertainment Group's (NASDAQ GMBL), Skilz (NYSE SKLZ), Golden Nugget Online Gaming, Inc. (NASDAQ GNOG), FansUnite Entertainment Inc. (OTCQX FUNFF) (CSE FANS).
The article said Gross gambling revenue (GGR) in Europe was forecasted to be worth 24.7 billion Euros, in 2020, including online lottery, online casinos, and sports betting. Italy, the U.K, Germany, France, and Spain had the highest GGRs, respectively. In 2019, forty-one percent of online gambling revenue in Europe came from sports betting. The region's online gambling market was expected to be valued at $94 billion by 2024. While Europe leads the way internationally for online gambling, many sportsbooks throughout Latin America remain available through traditional, land-based casinos. However, online wagering is becoming an unstoppable force.
Esports Technologies (NASDAQ EBET) - BREAKING NEWS - Esports Technologies to Showcase Proprietary Technology and Brands to iGaming Industry as Platinum Sponsor at SiGMA Europe - Global provider of advanced esports wagering products and technology to exclusively sponsor Esports Tournament at prestigious event - Esports Technologies, a leading global provider of advanced esports wagering products and technology, is proud to announce that it will be a Platinum Sponsor at the upcoming SiGMA Europe expo.
SiGMA Europe has become one of the key gaming industry events on the calendar bringing together operators, suppliers, affiliates, regulators and other industry stakeholders. This year's expo anticipates an attendance of more than 15,000 delegates.
The event (billed as The World´s Gaming Festival) runs from 15-19 November at the Malta Fairs and Conventions Centre and will provide a platform for Esports Technologies to showcase their cutting-edge proprietary technologies, brands and product development.
As a Platinum Partner, Esports Technologies will be the exclusive sponsor of the esports Tournament taking place during the prestigious industry event. The tournament will see Counter Strike Global Offensive legends team up and take on some of the next generation of players making their mark on the popular game in what promises to be a fiercely competitive battle.
Esports Technologies will also be running an Esports workshop during the event where delegates can learn more about the future of Esports and the key trends impacting the fast-growing sector, which according to thebusinessofesports.com is expected to be valued at more than $20.7 billion by 2027. The workshop will be co-hosted by industry leaders.
Mark Thorne, Chief Marketing Officer at Esports Technologies, said SiGMA Europe is one of the biggest events on the calendar and a must-attend expo for many key stakeholders across the industry. We're especially excited that this event is taking place in Malta, where Esports Technologies has recently established its European headquarters.
We are proud to be a Platinum Partner and to be sponsoring the Esports Tournament during the event as we look to illustrate just how popular esports has become whilst also discussing our technology, brands and product offerings with partners and affiliates.
The SiGMA Europe agenda is packed with panels, presentations and workshops, and we are looking forward to contributing to the learnings and discussions that will take place. CONTINUED... READ THIS AND MORE NEWS FOR EBET BY VISITING https//esportstechnologies.com/news/
✔️ Global Sports Betting Market Size Is Expected To Grow By USD 144 Billion By 2025
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