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

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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.

 

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