Sports Betting Market To Grow $28 Billion By 2025

Sports betting shows no signs of slowing down within the States.

Ark Invest estimates the U.S. sports card-playing market can hit $37 billion by 2025 — a major jump from the present $9.5 billion worth.

Eleven states have already passed the $1 billion wager mark. So far, Virginia has reached the milestone quickest, in mere four months. within the 1st 3 months of this year, sports card-playing revenue reached $961.1 million within the U.S., in step with the Yankee play Association.

Roughly half of all states have legalized card-playing in some capability, and sportsbooks do what they’ll to hide the remainder of the country. DraftKings and FanDuel contributed $20 million to legitimize sports card-playing in FL.

Fans and card-playing operators aren’t the sole ones raking it in:

Nielsen according to that the net gambling trade, primarily sports card-playing, spent $154 million on native TV advertisements within the half-moon of 2021.

BIA consultatory Services estimates that over $587 million are going to be spent on online gambling within the local-spot TV market by 2024.

$11.5 million was spent on out-of-home sports card-playing advertising in 2020.

In line with the U.S., Technavio expects the worldwide sports card-playing market to grow by $134 billion from 2020-2024.

See also  Top 10 Biggest Sports Betting Wins of All the Time

Leave a comment