Global Sports Betting & Lotteries Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sports Betting & Lotteries Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sports betting is the activity of predicting the outcome of a sports game and placing bets on the result. Sports betting can be used for football, basketball, baseball and so on. Sports betting can also be extended to non-sports events and non-human competitions, such as horse racing, Greyhound racing and so on. Lottery is a form of gambling that involves randomly drawing numbers to obtain prizes.

Market Overview:

The latest research study on the global Sports Betting & Lotteries market finds that the global Sports Betting & Lotteries market reached a value of USD 180972.39 million in 2022. It’s expected that the market will achieve USD 238529.04 million by 2028, exhibiting a CAGR of 4.71% during the forecast period.

The COVID-19 epidemic has brought a huge impact to all countries and industries all over the world, and the sports betting and lottery industries are not immune. The global sports betting and lottery industry is facing huge challenges under the influence of the epidemic.

The outbreak of COVID-19 and the measures taken have led to a slowdown in the economies of various countries and a recession in the global macro economy. Sports betting and lotteries are affected by consumer purchasing power, and the industry is mainly driven by economic conditions. Therefore, the macroeconomic recession has led to a decline in sports betting and lottery sales.

At the same time, in view of the continued spread of the COVID-19 virus, the World Lottery Association (WLA) announced an indefinite suspension of all seminars and events, including all seminars held in cooperation with the five regional chapters (ALA, APLA, CIBELAE, EL and NASPL) .

Lack of resources for global quiz games

Affected by the epidemic, mainstream sports events with global influence have been suspended, including the five major European leagues and the American professional basketball league. This has also led to the unfavorable situation of quiz-type sports lotteries, including national online single-game quiz games, where no quiz matches can be used as the betting schedule.

The legalization of online lottery sales has become a new opportunity for market development

In recent years, with the rapid development of mobile payment, e-commerce has entered a new stage of development, and the market demand for online lottery purchases has gradually increased. With the widespread popularity of electronic products in various countries, the game industry has also developed new products to meet the development trend of smart phones and tablet computers. With the advancement of technology and the increase in Internet penetration and smartphone ownership, online gambling will become a more important aspect of the industry.
At the same time, the regulation of lottery sales on the Internet has become more and more stringent. There are also regions that prohibit online lottery sales. For example, on April 3, 2015, the Ministry of Finance and other eight ministries and commissions jointly issued the Announcement on Online Lottery Sales (2015 No. 18), stipulating that no unit may conduct online lottery sales without the approval of the Ministry of Finance. But the legalization of online lottery sales is a market trend. The legalization of online lottery sales has become a new opportunity for market development.

Strict government regulations and supervision are still obstacles to the market

Although in recent years, the sports betting industry has achieved obvious effects in attracting tourists, increasing employment rates, and increasing taxation, and it has received attention from many countries. As the legalization of sports betting has increased, the corresponding national regulatory policies have become more stringent.
Because lottery belongs to the category of gambling, its gambling color is daunted by governments and societies of various countries. Therefore, continuous strengthening of government control has become a common practice in drawing countries (regions). From the situation of the countries (regions) where lottery draws around the world are concerned, although the ways of lottery issuance may be different in each country, the lottery legislation is almost the same in all lottery-issuing countries, and they all have similarities in lottery issuance, management and use of public welfare funds. And strict specifications.

Region Overview:

In 2021, the share of the Sports Betting & Lotteries market in Asia Pacific stood at 38.02%.

Company Overview:

China Welfare Lottery is one of the major players operating in the Sports Betting & Lotteries market, holding a share of 9.94% in 2020.

China Welfare Lottery

The China Welfare Lottery started in 1987 to unite people from all walks of life who are enthusiastic about social welfare, carry forward the spirit of socialist humanitarianism, raise social welfare funds, establish welfare services for the disabled, the elderly, orphans, and help people in difficulties, namely Helping the elderly, helping the disabled, saving the orphans and helping the poor is the purpose. Subsequently, the China Welfare Lottery Distribution Center was established as the issuing agency. At present, the types of China's welfare lottery are: scratch off, two-color ball, 3D, local lucky lottery, colorful lottery, 7 of 35, 7 of 29, Oriental 6+1, 5 of 15 of East China, and new 3D.

China Sports lottery

China Sports Lottery is managed by the Sports Lottery Management Center of the General Administration of Sports of China. It provides sports lottery games related content such as Live China Sports Lottery, Big Lotto, 7 Star Lottery, Arrangement 3, Arrangement 5, Stakes, and Traditional Football Lottery. The Chinese sports lottery refers to a written certificate issued to raise funds for the development of sports undertakings, printed with numbers, graphics or text, for people to voluntarily purchase and obtain the right to win prizes in accordance with specific rules.

Segmentation Overview:

As for product types, the Physical Retail Outlets segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Lottery Tickets, with a market share of 76.27% in 2021.

Key Companies in the global Sports Betting & Lotteries market covered in Chapter 3:

SAZKA Group
China Welfare Lottery
Flutter Entertainment plc
Entain Plc (GVC)
William Hill plc
Betsson AB
888 Holdings plc
Camelot Group
DraftKings
Churchill Downs Incorporated
China Sports lottery
Bet365 Group Limited
La Francaise des Jeux
Kindred Group plc

In Chapter 4 and Chapter 14.2, on the basis of types, the Sports Betting & Lotteries market from 2018 to 2029 is primarily split into:

Online Channels
Physical Retail Outlets

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sports Betting & Lotteries market from 2018 to 2029 covers:

Football
Horse Racing
Cricket
Basketball
Greyhound Racing
Baseball
Golf
Lotteries
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)