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

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

Market Overview:

The latest research study on the global Table Tennis Betting market finds that the global Table Tennis Betting market reached a value of USD 1891.76 million in 2022. It’s expected that the market will achieve USD 3217.48 million by 2028, exhibiting a CAGR of 9.26% during the forecast period.

Influence of COVID-19 Outbreak on Table Tennis Betting Industry Development

The coronavirus pandemic forced most sports to stop at the beginning of 2020, but table tennis is in a unique position. As one of the only competitive games still running, table tennis betting began to heat up in the spring of 2020. The NBA, NHL, MLB and all other major sports leagues have been closed, and related sports cannot be carried out. However, the reason why professional table tennis can continue during the epidemic period is that it has the unique ability to provide proper spacing for contestants. This enables some professional table tennis associations to continue to hold competitions with relatively few modifications to the competition system or venue. Take Moscow Liga Pro as an example. At the beginning of the pandemic, ITTF and ETTU cancelled their competitions, but La Liga professional athletes continued to compete. At the same time, bettors are looking for something to bet on. As one of the only available sports, table tennis is welcomed by gambling audiences. Therefore, the market of table tennis betting expanded rapidly during the epidemic.
However, with the return of NBA and NFL leagues, the number of people participating in table tennis betting market may decrease, but table tennis is still a popular and feasible choice for sports gamblers.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Flutter Entertainment is one of the major players operating in the Table Tennis Betting market, holding a share of 4.09% in 2021.

Flutter is the holding company for a range of international sports betting and gaming brands; Paddy Power, Betfair, Sportsbet, FanDuel, TVG and Adjarabet.

Entain plc is a sports betting and gambling company operating in the online and retail sector. The Company owns brands such as Bwin, Coral, Ladbrokes, PartyPoker, and Sportingbet.

Segmentation Overview:

Among different product types, Singles segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Online segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Table Tennis Betting market covered in Chapter 3:

Entain plc
Bet365
Bet Victor
BetUS
Betway
Dafabet
888 Holdings
MyBookie
William Hill PLC
Kindred Group
Betsson AB
Flutter Entertainment

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

Singles
Doubles

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

Online
Offline

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)