NEW YORK, Feb. 12, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The horse and sports betting market and it is set to grow by USD 252 million from 2025 to 2029. However, the growth momentum will progressing at a CAGR of over 11.4% during the forecast period, according to Technavio. The horse and sports betting market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. 888 Holdings Plc, Abudantia BV, Bet365 Group Ltd., BetOnline, Betsson AB, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, MGM Resorts International, Parimatch, PENN Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc are some of the major market participants -. To know about the vendor offerings – Request a sample report
Horse And Sports Betting Market 2025-2029: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The horse and sports betting market report covers the following areas:
The horse and sports betting market is fragmented, and the degree of fragmentation will accelerate. The increasing digital connectivity will offer immense growth opportunities. However, the Stringent government regulations will hamper the market growth
Horse And Sports Betting Market 2025-2029: Drivers & Challenges
The horse racing and sports betting market is a significant sector in the entertainment industry. Tracks and online platforms offer betting opportunities on various races and sports events. Betting on horses and other events is popular due to the excitement and potential winnings. The choice of tracks and events is vast, including domestic and international races, and various sports. The convenience of online betting has increased the market’s reach and accessibility. The market’s growth is driven by factors like fan base, technological advancements, and the availability of various betting options. The betting industry continues to evolve, with new technologies and betting types, such as in-play betting and mobile applications, attracting a large and diverse customer base.
The horse and sports betting market faces several challenges. Betting on horses and various sports is popular worldwide, with many choosing to place their wagers online. However, the industry deals with regulatory issues in different regions. Predictive technology and trends, such as volumetric data and real-time analytics, are essential for success. Choices are vast, from horse races to football games, making it crucial to offer a wide range of options. Betting on volatility and race conditions is also a challenge. Additionally, customer service and responsiveness are vital to retain clients. Overall, the horse and sports betting market requires continuous innovation and adaptation to meet the evolving needs of consumers.
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Segment Overview
This horse and sports betting market report extensively covers market segmentation by
- Platform
- Offline Betting
- Online Betting
- Fixed Odds Wagering
- Exchange Betting
- Live Betting
- Esports Betting
- Others
- Europe
- APAC
- North America
- South America
- Middle East And Africa
1.1 Offline betting– The offline segment of the global horse and sports betting market remains the largest, driven by customer preference and convenience. In regions like North America and Europe, where offline betting is prevalent, companies like Flutter Entertainment dominate with retail outlets. Government regulations and privacy concerns also contribute to the growth of offline betting, particularly in countries with widespread casinos and licensing systems. Self-service terminals and local bookies offering credit betting further boost this segment.
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Horse And Sports Betting Market 2025-2029: Key Highlights
- CAGR of the market during the forecast period 2025-2029
- Detailed information on factors that will assist horse and sports betting market growth during the next five years
- Estimation of the horse and sports betting market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the horse and sports betting market across Europe, APAC, North America, South America, and Middle East and Africa
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of horse and sports betting market vendors
Horse And Sports Betting Market Scope | |
Report Coverage | Details |
Base year | 2024 |
Historic period | 2017-2021 |
Forecast period | 2025-2029 |
Growth momentum & CAGR | Accelerate at a CAGR of 11.4% |
Market growth 2025-2029 | USD 252 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 9.9 |
Regional analysis | Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution | APAC at 48% |
Key countries | UK, China, Germany, US, Italy, Japan, India, Brazil, Canada, and Saudi Arabia |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | 888 Holdings Plc, Abudantia BV, Bet365 Group Ltd., BetOnline, Betsson AB, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, MGM Resorts International, Parimatch, PENN Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
