Global Sports Betting & Lotteries - Industry Market Research Report

Global Sports Betting & Lotteries - Industry Market Research Report

Global Sports Betting & Lotteries

The Global Sports Betting and Lotteries industry consists of operations providing gambling services, including horse race betting, sports betting and lottery contests. The industry has endured severe turbulence through 2023, especially during the pandemic. Growing demand for betting, easing regulations and rising per capita disposable income buoyed the industry. Even so, the pandemic cratered demand in 2020, causing the industry to drop at an expected CAGR of 0.7% to $242.0 billion through the current period. The industry has recovered, growing 2.8% in 2023 as restrictions subside. Profit will also recover from the downturn, jumping to 14.1%.

Operators in this industry offer legal gambling on lotteries, including draw lotteries, Lotto, Keno and scratch tickets, as well as wagering on official sporting events, including horse racing. The industry also includes noncasino video machines.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market