total expenditure on sports betting internationally

These were picked from a careful assessment of the betting industry. For example, the desired outcome results in the one who placed the bet getting paid in an enhanced manner, while if the desired outcome is not achieved, the money on the line is lost in the wager. Generally, bets allow people to put money on the line keeping in sight the outcome of an event. (NASDAQ: CZR), MGM Resorts International (NYSE: MGM ), and Las Vegas Sands Corp. Some of the top firms operating in the betting sector include Caesars Entertainment, Inc. The US typically accounts for more than 40% of total gambling revenue worldwide, mostly as a result of activities concentrated in the betting hub of Las Vegas. The legalization of sports betting in countries like the US, where betting firms offer services in fifty states, is expected to have a huge impact on the global betting market. Overall, the market size for the industry will hit $200 billion within this decade, growing at a scary compound annual growth rate of around 9% from 2022 onwards. The global betting market is expected to grow to $8 billion in revenue over the next few years. The betting sector was hit hard by the pandemic and the prolonged coronavirus lockdowns in China but has started on the road to recovery in the past few months as Macau reopens and online betting trends, with the advent of world sporting events like the NFL, the UEFA Champions League, the NBA, and the FIFA World Cup, continue to grow at a rapid pace. The betting industry comprises sports betting as well as gambling and lottery businesses. If you want to read about some more betting companies, go directly to 5 Biggest Betting Companies In The World. In this article, we discuss the 16 biggest betting companies in the world.

Total expenditure on sports betting internationally