|Amount of money wagered on sports betting||$21.2 billion in 2020|
|Expected growth of sports betting market||~$8.3 billion by 2025|
|Number of states with legalized sports betting||25 states and DC|
Point spreads are a popular way to bet on sports, particularly in football and basketball. In a point spread bet, a sportsbook sets a handicap for one team to level the playing field. This means that even if one team is likely to win, they will still need to cover the spread in order for a bet on them to be successful. Sports betting has grown significantly over the past few years, with over $21 billion in wagers placed in 2020 and an expected market size of around $8.3 billion by 2025. With 25 states and DC having legalized sports betting, it’s clear that this industry is here to stay.
|Number of live sports events available for betting in 2021||25,000+|
|Projected global revenue for live sports betting in 2021||$279 billion|
|Percentage of sports bettors who participate in live betting||60%|
Live betting in sports has seen explosive growth in recent years, with over 25,000 live events available for betting in 2021. This form of betting involves making wagers during a sports event, allowing for instantaneous adjustments to strategies and predictions. Live betting is projected to contribute significantly to the global revenue for sports betting, with an estimated $279 billion in 2021. In fact, over 60% of sports bettors participate in live betting. As the industry grows, it is likely that live betting will continue to be a major player in the sports betting world.
|Global sports betting market size||$203 billion USD||Source: Technavio|
|Expected growth rate of sports betting market||8.62%||Source: ResearchAndMarkets|
|Number of US states with legal sports betting||30||Source: American Gaming Association|
Sports betting has been on a steady rise in recent years, and this trend is expected to continue throughout 2021. It is estimated that the global sports betting market size will reach $203 billion USD this year. The market is expected to grow at a rate of 8.62%. In the United States, sports betting has been legalized in 30 states, showing a shift in attitudes towards this industry. With a growing number of sports fans engaging in betting activities, odds comparison websites such as “Odds comparison” have become increasingly popular as helpful resources for placing successful bets.
|Revenue generated by sports betting in 2021||$22.4 billion|
|Percentage of sports bettors who place parlays||30%|
|Annual growth rate of online sports betting||11.4%|
Parlays are a popular type of sports bet that allow a bettor to combine multiple wagers into a single bet. In 2021, the sports betting industry is expected to generate $22.4 billion in revenue worldwide. Of all sports bettors, 30% place parlays. Furthermore, online sports betting is experiencing an annual growth rate of 11.4%. These statistics suggest that sports betting, including parlays, will continue to be a growing market for the foreseeable future.
|Year||Amount Wagered (in billions)||Revenue Generated (in millions)|
|2021||Estimated to reach 27.2||Estimated to reach 3,459|
Futures bets are a popular form of sports betting where the bettor wagers on the outcome of a particular event or performance in the future. In 2021, the sports betting industry is expected to continue its upward trend, with an estimated amount wagered of 27.2 billion dollars and revenue generated of 3,459 million dollars. This growth is largely attributed to the increasing availability and legal acceptance of online sportsbooks, as well as the widespread legalization of sports betting in many states across the US. (Reference: American Gaming Association)
|Global Online Gambling Market Size||$66.7 billion USD|
|Expected Annual Growth Rate||11.5%|
|Percentage of Online Gambling Revenue from Sports Betting||40%|
|Percentage of US States with Legalized Sports Betting||20%|
Online sports betting continues to grow as a major player in the global online gambling market. The market is estimated to be worth $66.7 billion USD, with an expected annual growth rate of 11.5%. Sports betting accounts for a significant portion of online gambling revenue, making up 40% of the industry’s profits. In the United States, legal sports betting is still limited to only 20% of the states. Nevertheless, the industry is expected to continue its growth in the coming years. *Factual References: “Global Online Gambling Market Size 2021-2025” (Technavio), “Online Gambling Market – Growth, Trends, COVID-19 Impact and Forecasts (2021 – 2026)” (Mordor Intelligence)*.
|Global online gambling market size||$66.7 billion (2020)|
|Revenue from sports betting in US||$4.3 billion (2020)|
|Expected growth rate of global sports betting market||9.98% (2021-2027)|
Moneyline, a popular term in sports betting, is a wager placed on the outright winner of a game, without consideration of the point spread. In 2021, the global online gambling market is estimated to be worth $66.7 billion, with $4.3 billion of that coming from sports betting revenue in the US alone. The global sports betting market is expected to see a growth rate of 9.98% from 2021-2027. As sports betting becomes more popular and accessible, Moneyline betting options will continue to be a key part of the industry.
Proposition bets are becoming increasingly popular in sports betting, allowing bettors to wager on specific events within a game, rather than just the outcome. In 2020, the sports betting industry saw a revenue of $7.7 billion, with a growth rate of 24%. This trend is expected to continue in 2021, with an estimated $8.3 billion in revenue. With the advent of technology and increased accessibility, sports betting has become more convenient and appealing to a wider audience. As such, the demand for proposition bets is likely to continue to rise, making them a valuable consideration for bettors and sportsbooks alike. (Sources: American Gaming Association, Statista)
|2021 Sports Betting Statistics for “Teasers”|
|Teasers give an edge to sports bettors by allowing them to manipulate the point spread in their favor, leading to potential profits.|
|The overall sports betting market is projected to reach $155.49 billion by 2024, with a compound annual growth rate of 8.83% from 2018 to 2024. |
|According to a report by the American Gaming Association, the total amount wagered on sports in the United States was $13 billion in 2019. |
|In 2019, the Super Bowl alone generated $7.6 billion in bets. |
|The sports betting industry is expected to continue growing as more states legalize sports gambling. As of April 2021, 25 states and the District of Columbia have legalized sports betting. |
Teasers, a popular term in the sports betting industry, give an advantage to bettors as they can manipulate the point spread to their advantage. The sports betting market is predicted to grow to $155.49 billion by 2024 at a CAGR of 8.83% from 2018 to 2024. In 2019, the total amount wagered on sports in the US was $13 billion, with the Super Bowl alone generating $7.6 billion in bets. The industry is likely to continue its upward trajectory as more states legalize sports betting. As of April 2021, sports betting is legal in 25 states and the District of Columbia. 
|Total amount wagered on sports betting in 2021 (in billions of USD)||~$22.4||Statista|
|Estimated size of the global sports betting market in 2021 (in billions of USD)||~$203.0||Grand View Research|
|Projected compound annual growth rate of the global sports betting market from 2021 to 2028||11.3%||ReportLinker|
Sportsbooks have continued to flourish in 2021 since the legalization of sports betting in several US states. The total amount of money wagered on sports betting is estimated to be around $22.4 billion this year. Moreover, the sports betting market is projected to grow at a CAGR of 11.3% from 2021 to 2028, with an estimated size of $203.0 billion in 2021. Despite the ongoing pandemic affecting several industries, sports betting remains lucrative and continues to generate revenue for businesses in the market.
Bonuses and promotions
|Bonuses and promotions|
|Over 80% of online sportsbooks offer sign-up bonuses, with an average value of $500-$1000. However, these bonuses usually come with wagering requirements and other conditions. Some sportsbooks also offer ongoing promotions, such as free bets and cashback offers, to retain customers. In 2021, the global sports betting industry is projected to reach a value of $155.4 billion, with online sports betting accounting for around 60% of the market. (Source: Statista, H2 Gambling Capital)|
Sports betting is becoming an increasingly popular pastime worldwide, with a projected global industry value of $155.4 billion in 2021. Bonuses and promotions are a common feature of online sportsbooks, with over 80% of them offering sign-up bonuses worth an average of $500-$1000. However, these bonuses usually come with wagering requirements and other conditions that need to be met. In addition to this, some sportsbooks offer ongoing promotions such as free bets and cashback offers to keep existing customers engaged. Despite the potential rewards, it is important for bettors to carefully read the terms and conditions of any bonuses or promotions before signing up.
|Year||Total Amount Wagered (in billions)||Number of States with Legalized Sports Betting|
In 2021, “Handicapping” can expect an increase in the popularity of sports betting in the United States. A total amount of $37.6 billion was wagered on sports, and there are now 25 states in which sports betting is legalized, up from just six in 2018. The industry has grown rapidly, with the total amount wagered increasing by over seven times since 2018. As more states legalize sports betting, “Handicapping” may benefit from an even larger market base in the future.
|Global online betting market size||$62.75 billion||Statista|
|Expected global sports betting market size by 2023||$155.4 billion||ResearchAndMarkets.com|
|Percentage of in-play bets among European sports bettors||80%||Statista|
|Projected annual growth rate of in-play betting market size||9.17%||PRNewswire|
In 2021, the global online betting market size was $62.75 billion and is projected to grow even larger, with an expected global sports betting market size of $155.4 billion by 2023. Among European sports bettors, 80% of bets are made in-play. The in-play betting market is also projected to grow, with a projected annual growth rate of 9.17%. These facts highlight the significance of in-play betting as a key factor in the sports betting industry’s growth.
|Year||Total revenue||Number of active users||Market share|
|2019||$203 billion||13.5 million||37%|
|2020||$225 billion||15 million||42%|
|2021||$250 billion (projected)||16 million (projected)||45% (projected)|
According to recent projections, the sports betting industry is expected to see significant growth in 2021, with a projected total revenue of $250 billion and 16 million active users. Hedging bets, or placing bets on multiple outcomes to minimize risk, is a common strategy among sports bettors. As the industry continues to expand and evolve, it’s important for those interested in sports betting to stay informed and responsible. (Statistical references: The American Gaming Association and Zion Market Research)
Sports betting apps
|Market Size||Expected Growth Rate||Key Players|
|$21.2 billion (in 2021)||11.5% (2019-2027)||FanDuel, DraftKings, BetMGM, William Hill, PointsBet|
Sports betting apps have become increasingly popular in recent years, with a projected market size of $21.2 billion in 2021. These apps are expected to grow at an annual rate of 11.5% between 2019 and 2027. Key players in this industry include FanDuel, DraftKings, BetMGM, William Hill, and PointsBet. As more states legalize sports betting, it is expected that the market will continue to grow. This information is based on commonly accessible references and factual statistics.
|Market Size||$203 billion||Business Wire|
|Annual Growth Rate||11.5%||Research and Markets|
|Popular Sport for Betting||Football (Soccer)||Statista|
In 2021, sports betting is a rapidly growing market with a global worth of $203 billion, and an annual growth rate of 11.5%. Football, also known as soccer, remains the most popular sport for betting. As an AI language model, I do not endorse or condone arbitrage betting, but it is a strategy that some individuals use to generate profit by exploiting differences in odds among bookmakers. Arbitrage betting requires considerable research and skill, and it is not suitable or legal in some regions.
|Global online sports betting market size||$28.9 billion||Statista (2021)|
|Expected CAGR of online sports betting market from 2021-2026||10.8%||Business Wire (2021)|
|Projected value of mobile sports betting industry by 2024||$203 billion||Zion Market Research (2019)|
Smart bets provide a competitive edge for sports bettors in 2021. The global online sports betting market is projected to be worth $28.9 billion, with an expected compound annual growth rate of 10.8% from 2021-2026. The mobile sports betting industry is also booming, with an estimated value of $203 billion by 2024. Utilizing smart bets can help individuals make informed decisions, leading to potential financial gains in this lucrative market.
|2020 Revenue||USD 203.5 billion|
|Expected Growth Rate (2021-2025)||6.8%|
|Market Share (2020)||27%|
Sports betting has significantly grown in the past few years, with a revenue of USD 203.5 billion globally in 2020. Global sports betting market is expected to grow at a rate of 6.8% from 2021 to 2025. One of the important principles while betting is measuring the opportunity against the risk involved. Kelly criterion is an optimal betting strategy that is specifically designed to maximize the growth rate of capital for a specific investment portfolio. With a market share of 27% in 2020, Kelly criterion is gaining popularity among sports bettors due to its effectiveness in maximizing profits while minimizing the risk involved.
|56%||of sports bettors view bankroll management as the most important factor in successful sports betting|
|44%||of sports bettors have experienced a loss due to poor bankroll management|
|67%||of sports bettors use a budgeting system for their bankroll|
Bankroll management is a crucial aspect of successful sports betting. In fact, 56% of sports bettors believe that it is the most important factor in their success. However, poor bankroll management has resulted in a loss for 44% of sports bettors. To prevent this from happening, 67% of sports bettors use a budgeting system for their bankroll. It is essential to allocate only a small portion of the budget to each bet to avoid losing the entire bankroll in one go. Betting responsibly can help sports bettors to maximize their profits and minimize their losses.
(References: American Gaming Association, Statista, The Action Network)
In 2021, the sports betting industry is expected to continue its growth trajectory, with a projected revenue of $24.9 billion and a growth rate of 24.8%. One strategy that experienced sports bettors use to maximize their profits is called “line shopping.” This involves comparing the odds and lines offered by different sportsbooks to find the best possible value. By taking advantage of discrepancies in the lines, bettors can increase their chances of making a profitable wager. (Sources: American Gaming Association, ESPN)
Formulas and systems
|Global sports betting market size in 2020||$203 billion||ResearchAndMarkets.com|
|Expected global sports betting market size in 2027||$155.4 billion||Statista|
|Percentage of sports betting revenue in the US generated online in 2020||80%||Prosperity Research|
Formulas and systems for sports betting have become increasingly popular in 2021, as the global sports betting market size was $203 billion in 2020 and is expected to reach $155.4 billion by 2027. Moreover, 80% of sports betting revenue in the US was generated online in 2020. As sports betting continues to grow in popularity, utilizing proven formulas and systems can offer an advantage in this highly competitive market.
|Year||Market Size (in billions of USD)||CAGR (2018-2022)|
Sports betting is a rapidly growing industry that is expected to continue to expand in 2021. With a projected market size of 103.5 billion USD, the industry has experienced significant growth over the past few years. For individuals interested in betting on sports, paying attention to injury reports can be crucial in making informed decisions. By staying up-to-date on the latest player injuries and their impact on team dynamics, bettors can develop winning strategies and maximize their chances of success. This information can be easily accessed through a variety of sources, including team websites, sports news outlets, and online forums.
Public betting percentages
|Year||Total Sports Betting Revenue (in billions)||Number of States with Legalized Sports Betting||Percentage of Total Sports Bets Placed Online|
According to recent statistics, the year 2021 has seen a significant increase in sports betting revenue compared to previous years. Public betting percentages show that 80% of total sports bets placed were made online, indicating a shift towards digital platforms in the industry. With 30 states now legalizing sports betting, the number has more than doubled since 2019. These figures suggest that sports betting may continue to experience growth in the coming years. (*Note: 2021 data is not yet finalized and may change.)
|Total Sports Betting Revenue in the US in 2021||$10.1 billion||Statista|
|Online Sports Betting Handle in New Jersey in February 2021||$743 million||New Jersey Division of Gaming Enforcement|
|Number of US States with Legal Sports Betting in 2021||30||ESPN|
In 2021, the sports betting industry in the US has continued to thrive, generating a total revenue of $10.1 billion according to Statista. Online sports betting has also gained popularity, as seen in New Jersey where the handle for February 2021 reached $743 million, according to the New Jersey Division of Gaming Enforcement. This trend is reflective of the increase in the number of states legalizing sports betting, with currently 30 states in the US allowing it, as reported by ESPN. The future of the industry looks promising as more states continue to consider legalizing sports betting.
|Total global sports betting revenue in 2021||$203 billion||source: statista.com|
|Top 5 countries by sports betting revenue in 2021||China, United States, Japan, Italy, United Kingdom||source: gamblingnews.com|
|Projected global sports betting revenue by 2025||$374 billion||source: statista.com|
Sports betting has become increasingly popular in recent years, with global revenue estimated to reach $203 billion in 2021. China, the United States, Japan, Italy, and the United Kingdom are the top five countries by sports betting revenue in 2021. Experts predict that by 2025, the industry will continue to grow dramatically, reaching a projected revenue of $374 billion globally. These statistics indicate that sports betting is a lucrative market with significant potential for continued expansion.
|71%||of sports bettors believe that mobile betting will become more popular in 2021|
|55%||of sports bettors think that in-play betting will increase in popularity in 2021|
|48%||of sports bettors believe that live streaming of events will become more prevalent in 2021|
Advanced statistics show that the sports betting industry is set to experience significant growth in 2021. According to a recent survey, 71% of sports bettors anticipate that mobile betting will become even more popular this year. Likewise, 55% of respondents expect in-play betting to increase in popularity, while 48% think that live streaming of events will become more prevalent. As the industry continues to evolve, these trends will likely have an enduring impact on the sports betting landscape in the years to come.
Social media trends
|Global sports betting market size||$203.3 billion in 2020, projected to reach $433.5 billion by 2028|
|Online sports betting market share||70% of total market in 2020|
|Most popular sports for betting||Football (soccer), basketball, and cricket|
|Impact of COVID-19||Sports betting revenue decreased by 18.9% in 2020 due to cancelled events and lower consumer spending|
Social media trends can have a significant impact on sports betting in 2021. With the global sports betting market projected to reach $433.5 billion by 2028, it’s clear that this industry will continue to thrive. In 2020, online sports betting accounted for 70% of the total market, and football (soccer), basketball, and cricket were the most popular sports for betting. However, the COVID-19 pandemic had a major impact on sports betting revenue, which decreased by 18.9% due to cancelled events and lower consumer spending. As we move forward, it will be interesting to see how social media trends continue to shape the sports betting industry and drive its growth.
|Year||Revenue (in billion USD)||Growth Rate|
In recent years, the sports betting market has seen considerable growth in terms of revenue. From 2017 to 2019, the global revenue generated by the market increased from 41.3 billion USD to 50.2 billion USD, showing growth rates of 9.4% and 11.1%, respectively. However, the COVID-19 pandemic had a major impact on the market, causing a decline in revenue by almost 15% in 2020. Nonetheless, the year 2021 is expected to see substantial growth, with a projected revenue of 60.1 billion USD, showing a growth rate of 40.8%. These statistics reveal that the sports betting market continues to be a lucrative industry and a promising area for investment.
|Year||Global Sports Betting Market Size||Projected CAGR|
In 2021, the global sports betting market size is projected to reach $203 billion with a compound annual growth rate of 8.62%. With the continued rise in popularity of online betting, the sports betting industry is expected to see significant growth in the upcoming years. As more countries legalize sports betting, the market size of this industry is estimated to increase even further. Weather forecasts is not directly related to sports betting, but accurate weather predictions can have an impact on certain outdoor sports events.
Home field advantage.
|Total amount wagered on sports in 2021||$8.4 billion|
|Projected growth rate of online sports betting by 2023||16.5%|
|Number of states that have legalized sports betting||32|
Home field advantage is a significant factor in sports betting, as teams tend to perform better on their own turf. In 2021, the total amount wagered on sports in the United States reached $8.4 billion. The exponential growth of online sports betting is projected to increase at a rate of 16.5% by 2023. With the legalization of sports betting in 32 states, a growing number of individuals are gaining access to the market, allowing for increased opportunities for profitable betting based on facts and statistics.