Esports Betting Market

Growing the number of sporting events to promote is driving the market growth

Market CAGR for Esports Betting is being driven by the rising number of sporting events. Video game players compete in organized events called electronic sports, or esports. Numerous factors, such as growing e-sport popularity and more awareness of video games, are contributing to the e-sport market's expansion. Furthermore, throughout the course of the forecast period, long-term investment initiatives from major competitors as well as a higher percentage of contests and events with substantial prize money would create lucrative market opportunities. It is expected that the growing popularity of video games would drive the size of the esports sector.

Additionally, the demand for sports betting is being driven by the proliferation of connected devices, the evolving legal environment governing the entire betting sector, and the advancement of digital infrastructure. Furthermore, millennial and older citizens worldwide are becoming more and more interested in sports betting due to the growth in sports leagues and tournaments. Sports gambling are any type of wagering that involves placing a wager on the importance of a scheduled athletic event. People wager on games to increase their money based on two possible outcomes.

Sports betting have become more popular since people may now wager on a variety of sports from the comfort of their own homes. This is contributing to increase gambling everywhere. Teams from video games will participate in competitive events called electronics sports. It mimics the sensation of viewing.

The proliferation of connected devices, the growing digital infrastructure, and the significant change in the regulatory environment of the worldwide gambling industry are some of the factors driving demand for sports betting. The COVID-19 epidemic has had a significant impact on the global sports industry since it has restricted sports worldwide. Nonetheless, an increase in eSports and other related betting activities during the epidemic contributed to the rise in popularity of online sports betting. Additionally, the widespread availability and accessibility of sports betting due to rising smartphone usage has propelled the global business.

For instance, The worldwide eSports betting industry is expected to be valued US$ 10030 million in 2021 due to the COVID-19 epidemic, and due to a CAGR of 13.1% during the review period, it is projected to grow to a readjusted size of USD 23760 million by 2028. By 2028, the eSports betting market worldwide, which in 2021 accounted for % of the total market, is expected to be valued USD million, with a compound annual growth rate of % over the next six years., demand for Esports Betting supplements will increase due to the rising sporting events.

Thus, result in driving the Esports Betting market revenue.

The Global Esports Betting Market Industry benefits from the diversification of betting options available to consumers. With various formats such as match winner, in-game betting, and fantasy esports, bettors have multiple avenues to engage with their favorite games. This variety caters to different preferences and increases the likelihood of participation among potential bettors. Additionally, the introduction of live betting options allows users to place bets in real-time, enhancing the excitement of esports events. As the market continues to evolve, the availability of diverse betting options is likely to attract a wider audience, contributing to the anticipated growth of the Global Esports Betting Market Industry.

Regulatory frameworks play a crucial role in shaping the Global Esports Betting Market Industry. As governments worldwide recognize the potential economic benefits of regulated betting, they are increasingly establishing legal frameworks to govern esports betting activities. This regulatory clarity can foster a safer betting environment, attracting more participants and legitimizing the industry. Countries that have embraced esports betting regulations are likely to see a rise in market participation, contributing to the overall growth of the industry. The establishment of responsible gambling measures within these regulations may also enhance consumer trust, further driving engagement in the Global Esports Betting Market Industry.

The Global Esports Betting Market Industry is on a trajectory of remarkable growth, with projections indicating a market size of 12.9 USD Billion in 2024 and an anticipated increase to 49.3 USD Billion by 2035. This growth reflects a compound annual growth rate of 12.96% from 2025 to 2035, underscoring the expanding interest in esports and betting activities. The increasing integration of technology, coupled with rising viewership, suggests a robust future for the industry. As more stakeholders enter the market, the competitive landscape is likely to evolve, presenting both opportunities and challenges for existing operators within the Global Esports Betting Market Industry.

Technological innovations significantly influence the Global Esports Betting Market Industry, enhancing user experience and engagement. The advent of mobile betting applications allows users to place bets conveniently from their devices, thereby broadening the market's reach. Furthermore, advancements in data analytics enable operators to offer personalized betting experiences, which may attract a wider audience. The integration of virtual reality and augmented reality into esports events could also transform the betting landscape, creating immersive experiences for users. As technology continues to evolve, the Global Esports Betting Market Industry is likely to witness substantial growth, with projections indicating a market size of 49.3 USD Billion by 2035.

The Global Esports Betting Market Industry experiences a surge in popularity, driven by the increasing viewership of esports events. In 2024, the market is projected to reach 12.9 USD Billion, reflecting a growing audience that engages with competitive gaming. This trend is further supported by the proliferation of streaming platforms, which facilitate access to esports content. As more individuals, particularly younger demographics, gravitate towards esports, the betting market expands to accommodate this interest. The integration of betting options into live-streaming platforms enhances user engagement, potentially leading to increased revenue streams for operators within the Global Esports Betting Market Industry.

The influx of investment from traditional sports organizations into the Global Esports Betting Market Industry signifies a convergence of interests. Major sports leagues and teams are increasingly partnering with esports entities, recognizing the potential for cross-promotion and revenue generation. This trend not only legitimizes esports but also attracts a broader audience, including traditional sports fans. The collaboration between esports and traditional sports can lead to innovative betting options, enhancing the overall betting experience. As these investments continue to grow, the Global Esports Betting Market Industry is poised for expansion, with a projected compound annual growth rate of 12.96% from 2025 to 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Esports Betting market area will dominate this market, owing to Interest in eSports betting is fueled in part by this increasing legitimacy and visibility will boost market growth in this region.

Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure 3: ESPORTS BETTING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Europe Esports Betting market has the second-largest portion of the market due to the increased visibility and investment in eSports betting have resulted from collaborations between eSports organizations, Further, the German Esports Betting market had the biggest market share, and the UK Esports Betting market was the fastest growing market in the European region

The Asia-Pacific Esports Betting Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is due to the growing percentage of people in the Asia Pacific region engaging in various sports betting activities. Moreover, China’s Esports Betting market had the biggest market share, and the Indian Esports Betting market was the fastest growing market in the Asia-Pacific region.

Leading market players are putting a lot of money on R&D to expand their product lines, which will help the market for weight reduction products grow. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. to grow and endure in an increasingly cutthroat and dynamic market, Esports Betting industry must provide reasonably priced goods.

Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the global Esports Betting industry to help customers and expand the market segment. In recent years, the Esports Betting industry has provided some of the biggest benefits to medicine. Major players in the Esports Betting market, including Betcris, Luckbox, Bet365,Betfred, Kindred Group, Draft Kings, Esports Entertainment and others, are Trying to achieve to grow market demand by investing in research and development operations.

Using more than 20 online gaming brands, such as Betsson, Betsafe, and NordicBet, Betsson AB is an online gambling corporation that creates websites for casinos, poker, bingo, sports betting, and scratch cards. The Nasdaq Stockholm Large Cap List includes Betsson Abate establishment of AB Restaurang Rouletter by Bill Lindwall and Rolf Lundström in 1963—later renamed Cherryföretagen AB (Cherry)—which supplied slot machines to Swedish eateries, is where Betsson AB got its start.

In 1998, Cherry purchased a minority stake in Net Entertainment; a business that it co-founded with Investment AB Kinnevik.In May 2021, with the introduction of the new Europebet brand and a new office in Minsk, Belarus, Betsson increased the scope of its business in Eastern Europe.Betsson is set to provide casino, sportsbook, and poker services under the Europobet name.

Previously known as GVC Holdings, Entain plc is global sports betting and gaming enterprise. It is a component of the FTSE 100 Index and is listed on the London Stock Exchange. It is the owner of brands like Sportingbet, PartyPoker, Ladbrokes, Coral, and bwin. Under the name Gaming VC Holdings, the business was incorporated in Luxembourg in 2004. A group of four American businessmen led by Steve Barlow launched it [4] with the intention of acquiring Casino-Club, an online casino that had been operating since 2001 and was purportedly the biggest online gambling operator in German-speaking nations.

In January 2021, Segev is set to become co-CEO of DAZN, the billionaire Len Blavatnik's OTT subscription video streaming firm, it was reported. John Skipper, the chairman of DAZN, stated that Segev will contribute "a wealth of technology and operations expertise to the position.