Study Estimates $144B Global Sports Betting Market Growth By 2027

  • 📰 Covers
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

TechNavio’s research found that a key aspect in the future of sports betting growth will be machine learning and AI, which are affecting businesses and markets around the world.

TechNavio predicts 42% of the market growth will come throughout Asia because of the digital revolution and increased interest in wagering.The sports betting market is expected to grow by an estimated $143.73 billion from 2021 until 2027, according to a

The study's results found a fragmented market that will go through consolidation through mergers and acquisitions, fueling sports betting’s growth. The study highlighted China and Australia as robust regions for faster sports betting surges. Online games and fantasy sports platforms will fuel demands in those markets. The study said sports bettors understanding predictive models and machine-learning algorithms will increase interest globally during the forecasted period.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 341. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paramount+ Hits 63 Million Subscribers As Parent Company Tops Q3 EstimatesParamount Global beat Wall Street analysts’ estimates in the third quarter, thanks in large part to streaming flagship Paramount+, which added 2.7 million subscribers to hit 63 million global…
Source: DEADLINE - 🏆 109. / 63 Read more »