The emergence of machine learning in sports betting is a key trend shaping the sports betting market.A key trend in the global sports betting market is the growing impact of technology, particularly blockchain, virtual reality, and AI, including machine learning. Also, online and virtual sports betting platforms are equipped with advanced statistics and innovative graphics that attract end-users. Therefore, the digital revolution is expected to increase the popularity of sports betting and eventually drive the global sports betting market during the forecast period. Modern consumers can easily engage in sports betting and conveniently connect with sportsbooks due to easy access to the Internet and the availability of various mobile apps and online platforms. With extensive digitalization, the sports betting landscape has fundamentally changed, and the global sports betting market has shifted toward online or virtual applications and platforms. Also, there has been a significant increase in the consumption of digital content in the last five years, with the growing Internet speed. With the recent global digital revolution, cloud platforms are being preferred for storing data, and there has been a burgeoning increase in online transactions and payments among commercial as well as retail users. The digital revolution is a key factor driving the market growth. In 2021, the global Internet penetration rate was over 63%, with APAC being the leader in terms of the volume of Internet users. Get Additional Information on this Report, Request Free Sample in PDF Sports Betting Market Analysis and Insights The report also includes a thorough analysis of historical market data from 2017 to 2022. Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. Our report offers in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by platform (online and offline), type (basketball, horse riding, football, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The market size is forecast to increase by USD 143.73 million. The sports betting market size is estimated to grow at a CAGR of 10.68% between 20.

International online sports betting