Press Releases
Straits Research Forecasts the Global Online Sports Betting Market Revenue to Expand at a CAGR of 11.2%, Reaching an Estimated Size of USD 1,46,363.8 Million by 2031
Online sports betting is only one of the many sports wagering methods available worldwide. Online sports betting involves forecasting sports outcomes and making bets on the development of football games. Online football betting services offer the most incredible experience with a safe and secure online sportsbook (a reference book used to monitor wagers, payments, and debts), giving a trustworthy and dependable platform to gamble and win money. The leading online betting website platforms include tools, tips, techniques, and other betting resources, although their offers vary somewhat.
Growth of High-Speed Internet Services Drives the Global Market
According to Straits Research, “The global online sports betting market was valued at USD 56,650.3 million in 2023. It is anticipated to reach USD 1,46,363.8 Million by 2032, growing at a CAGR of 11.2% over the forecast period (2024-2032).” Due to the rapid proliferation of internet-connected devices such as smartphones and tablets, online betting is a global increase. Those who observe live betting can make quick decisions that, if made correctly, might result in big profits. Therefore, live betting streaming on mobile devices such as smartphones and tablets will significantly influence the future sports betting business. The rise of internet betting is anticipated to substantially raise demand in the worldwide sports betting market during the projected period. Bookmakers provide a variety of incentives for online sports betting. These consist of bonuses for players who sign up and fund their accounts. In addition, players have access to enhanced odds, live streaming, and continuing promos. This should hasten the growth of the online sports betting industry throughout the forecast period.
Growth of Live E-Sports Coverage Platform Creates Tremendous Opportunities
E-sports investment and revenue have increased as a result of the popularity of the industry. E-sports’ appeal is largely attributable to the social component of live broadcasting and gameplay. Through video game-specific streaming sites such as Twitch and YouTube Gaming, fans can contact directly with players and teams. At the same time, more popular social networks have helped to foster these relationships. Some e-sports teams, like FaZe Clan, are branching aggressively outside of e-sports, such as into the products business, which helps build brand awareness. Thus, the expansion of live e-sports coverage platforms is projected to generate profitable chances for developing the worldwide online sports betting industry.
Regional Analysis
European online sports betting industry share is anticipated to grow at a CAGR of 12.3% during the forecast period. As a result of new game forms and play modes, sports enthusiasm and the desire to watch sports are increasing daily across Europe. It has been a significant market for players and sectors such as gaming and betting to make wagers and enjoy themselves. Europe has had gambling and betting since the 1800s, but it has reached a new level recently. With the proliferation of smartphones and technological advancements, it is now simple to run and play on the platforms provided by gambling companies. In addition, Bet365, Betsson Group, Entain, Kindred, and William Hill are a few of Europe’s most prominent players. Due to this business, almost 43,000 employments have been created in Europe. The corporations have also invested in their platforms to keep them secure and dependable for users.
Asia-Pacific is estimated to grow at a CAGR of 14.9% over the forecast period. The region is home to a growing population of more than 4.6 billion people, and an increasing number of athletic events attract individuals from various cultures. In nations where sports betting is tightly regulated or prohibited, the opportunity to access internet betting services has grown. Those who previously could not gamble can now do so securely due to the rising use of VPN software. This has proven a popular means for gamers to access localized sites and enabled them to access and play on worldwide sites.
Key Highlights
- Based on type, the global online sports betting market is divided into line-in-play, fixed old betting, daily fantasy, e-sports, exchange betting, spread betting, and others. The line-in-play segment is responsible for the largest market share and is anticipated to grow at a CAGR of 12.0% over the forecast period.
- Based on sports type, the global online sports betting market is segmented into football, cricket, tennis, baseball, volleyball, basketball, hockey, horse riding, boxing, golf, racing, and others. The football segment owns the highest market share and is expected to grow at a CAGR of 12.20% over the forecast period.
- Europe is the highest contributor to the market and is anticipated to grow at a CAGR of 12.3% during the forecast period.
Competitive Players
The key players in the global online sports betting market are Bet365, GVC Holdings PLC, William Hill Inc., Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Betsson AB, The Stars Group Inc., Sky Betting and Gaming, 888 Holdings PLC, and Kindred Group PLC.
Market News
- In January 2023, Kentucky lawmakers introduced a new bill to legalize sports betting and online poker.
- In January 2023, SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, signed a deal to integrate its offering onto the platform of leading global provider BetConstruct, starting with its 24/7 Live Racing Content.
Global Online Sports Betting Market: Segmentation
By Type
- Line-In-Play
- Fixed Old Betting
- Daily Fantasy
- E-Sports
- Exchange Betting
- Spread Betting
- Others
By Sports Type
- Football
- Cricket
- Tennis
- Baseball
- Volleyball
- Basketball
- Hockey
- Horse Riding
- Boxing
- Golf
- Racing
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
SolutionsHub is pleased to announce the appointment of James O’Kelly as Head of Corporate Development, a newly established role that underscores the company’s commitment to strategic growth, innovation, and excellence in client service.
Since joining SolutionsHub, James has been instrumental in driving key initiatives across the organization. Over the past 18 months, James has headed high-impact growth intiatives, managed treasury and led sucessful licensing for clients. His contributions have also extended to representing SolutionsHub on the international stage, enhancing the company’s global presence.
In his new role, James will take the lead on a range of high-impact strategic initiatives in close collaboration with the Board of Directors. His primary focus will be on identifying and cultivating key partnerships, as well as spearheading the development of innovative product lines that align with the company’s long-term vision. To fully dedicate his efforts to these forward-looking priorities, James will be transitioning responsibility for day-to-day operations and compliance to other senior members of the leadership team. This shift will enable him to concentrate on shaping the company’s future growth trajectory and ensuring its continued success.
“James has consistently demonstrated outstanding leadership and a deep understanding of our business and industry,” said Lee Hills, CEO of SolutionsHub. “His appointment as Head of Corporate Development is a natural evolution that aligns with our long-term strategic goals and further reinforces the strength of our leadership team.”
James will continue to play a pivotal role in advising and supporting clients through increasingly complex regulatory, licensing, and jurisdictional considerations. Leveraging his extensive experience and strong track record of delivering innovative, compliant, and forward-thinking solutions.
The post James O’Kelly Appointed Head of Corporate Development at SolutionsHub appeared first on European Gaming Industry News.
The studio is shortlisted for the “Brand of the Year – B2B” category
ELA Games, an innovative game development studio, has been shortlisted for the “Brand of the Year – B2B” category at the upcoming EGR Marketing & Innovation Awards 2025.
The EGR Marketing & Innovation Awards is an event that celebrates key figures and innovative brands within the iGaming industry. The ceremony recognises companies that demonstrate commercial success through game-changing creativity and contributions to the improvement of the industry. It gathers the brightest and most influential minds to reward those who have helped the online gaming sector grow.
ELA Games’ nomination for the “Brand of the Year – B2B” category highlights the company’s efforts in creating a portfolio that balances operator-centric growth with player-friendly gaming experiences. The studio has demonstrated a commitment to helping operators improve player acquisition and retention metrics through data-backed performance, making it a beneficial partner.
Marharyta Yerina, ELA Games’ Managing Director, commented on the nomination, “The ELA Games team is proud to receive a nomination for a significant category at a prestigious event. We’ve made considerable strides in 2025 to develop our portfolio and create games that both help operators grow and provide fun for players. We look forward to networking with all our peers at the ceremony, and congratulations to all nominees!”
The EGR Marketing & Innovation Awards 2025 will take place on June 19, 2025, at The Mermaid, London. The ELA Games team will attend the ceremony for a night of excitement, networking, and celebration.
The post ELA Games Receives Key Nomination at EGR Marketing & Innovation Awards appeared first on European Gaming Industry News.
Giorgia Kasat
Reals Appoints Giorgia Kasat as New Head of HR, Strengthening Organizational Strategy in the Betting Industry
Leading Brazilian Betting Brand Reals Welcomes Former Itaú and Votorantim Executive to Drive Human Capital Development
Reals, one of Brazil’s leading regulated online betting and gaming platforms, has announced the appointment of Giorgia Kasat as its new Head of Human Resources. With over 20 years of experience in strategic people management, organizational transformation, and leadership development, Giorgia brings a wealth of expertise from her roles at major corporations such as Votorantim, Banco Itaú, Duratex, Capgemini, and Munksjö.
Recognized as a finalist in the 2024 “Most Admired CEOs and HR Leaders” awards by Grupo Gestão RH, Giorgia also holds an Executive Business degree from Fundação Dom Cabral, an MBA in Business Management from Fundação Getúlio Vargas (FGV), and certification in Group Psychodrama from PUC-SP.
“We believe that a company’s success is directly linked to its ability to foster the best in its people within a healthy, growth-oriented environment. Giorgia’s human-centered leadership style drives engagement and positive results. As a serious and regulated company, professionalism is a core value for us, and her arrival is a strategic step in our organizational growth,” said Hilton Andrade, CFO of Reals.
Giorgia expressed enthusiasm about joining Reals at a pivotal moment for the company and the industry: “I’m excited to take on this new challenge with a major player in the betting and online gaming industry. My passion lies in developing people who go on to inspire and empower others. Together, we’ll build a strong culture of growth, diversity, and performance in a sector that is rapidly consolidating in Brazil and globally.”
Reals Expands Workforce and Strengthens Market Presence
Amid rapid expansion, Reals is in the process of hiring approximately 1500 new employees and preparing to move into a new 6,000 m² headquarters in São Paulo. Already a standout in the market, Reals made headlines earlier this year by becoming the first Brazilian betting operator to sponsor a major European football club, AC Milan, as its Official Regional Betting Partner for Latin America.
Reals also holds a master sponsorship with Coritiba Foot Ball Club in Brazil and boasts an all-star ambassador roster led by TV personality Rodrigo Faro, alongside popular influencers Ítalo Sena, Edu Primitivo, and Gabi Nery.
With a 9.5 rating on Reclame Aqui, Reals is among the top-rated licensed betting operators in Brazil, reinforcing its reputation for reliability and customer trust.
The post Reals Appoints Giorgia Kasat as New Head of HR, Strengthening Organizational Strategy in the Betting Industry appeared first on Gaming and Gambling Industry in the Americas.
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