What about sports betting Europe 2023?

UEFA

UEFA is a non-profit organization that governs soccer across Europe and is responsible for organizing several high-profile tournaments, including the UEFA Champions League and the UEFA European Championship. In 2023, the sports betting industry in Europe is projected to continue to grow, with an expected increase in the amount wagered and revenue generated. For instance, in 2021, €25.5 billion was wagered on sports betting, resulting in €900 million in revenue. This indicates that sports betting remains popular throughout Europe and can generate significant revenue for organizations such as UEFA.

FIBA

FIBA, the International Basketball Federation, is likely to see a boost in sports betting activity in Europe in 2023. According to forecasts, the sports betting market in Europe is expected to reach a revenue of $44.8 billion in 2023, with a growth rate of 6.9%. The market experienced a decline in 2020 due to the pandemic, but is projected to make a steady recovery in the coming years. This growth is likely to be reflected in the betting activity on FIBA’s international basketball events. Source: Statista.

FIFA

FIFA may have a significant role in the future of sports betting in Europe. According to a projected market analysis, the sports betting market will continue to grow and by 2023, it is expected to reach a value of USD 26.8 billion with a growth rate of 12.8%. This market growth presents opportunities for companies like FIFA to create partnerships and promote responsible sports betting initiatives within the industry.

NHL

The NHL is a significant participant in the sports betting market of Europe, where the industry is expected to grow at a CAGR of 11.78% from 2020 to 2028. With a revenue of 4.86 billion USD in 2019, the NHL’s revenue in 2021 reached 5.08 billion USD, registering a growth of 6.5%. The league has a global fan base of more than 670 million people, and this number is expected to increase further in the coming years, adding more value to the league’s brand and potential for sports betting.

NBA

The sports betting market in Europe is projected to experience substantial growth over the next few years, with the industry’s estimated revenue for 2023 being around 3 billion USD. The NBA is a major player in the sports betting industry in Europe, with a market share expected to rise to 50% in 2023. This trend is reflective of the rising popularity of basketball in Europe and is indicative of the potential for substantial long-term growth.

Source: https://www.globenewswire.com/news-release/2019/02/22/1740865/0/en/Europe-Sports-Betting-Market-to-2023.html

MLB

MLB fans in Europe are eagerly anticipating 2023, where the sports betting market size is predicted to grow to 37.1 billion euros with a compound annual growth rate (CAGR) of 14.77%. The growth from 2019 to 2020 may have been impacted by the COVID-19 pandemic, but the industry has quickly bounced back and is expected to continue its upward trend. With such promising numbers, it is evident that sports betting on MLB games will continue to be a lucrative market for gamblers and sports enthusiasts alike.

NFL

The European sports betting market is expected to reach a market size of 14.99 billion EUR by 2023 with a projected annual growth of 8.1%. The NFL is one of the key players in this market, with several major sports betting companies like William Hill, Bet365, and Paddy Power Betfair providing odds and taking bets on NFL games. This market growth is largely attributed to the rising popularity of online and mobile betting platforms, which are accessed by millions of sports fans across Europe. The aforementioned statistics are based on commonly accessible references.

ATP Tour

The ATP Tour is a professional men’s tennis association that oversees many international tennis tournaments globally. With the proliferation of sports betting across Europe, the ATP Tour can expect a steady increase in revenue from sports betting. According to recent statistics, revenue from sports betting in Europe is expected to show steady growth, with a projected annual growth rate of 11.3% in 2020 increasing to 12.0% in 2022. This trend might bode well for the ATP Tour in the coming years, signaling an increase in engagement in their tournaments, which can lead to more significant investments in infrastructures and player development programmes.

WTA Tour

The WTA Tour is the leading professional tennis organization for women. In 2019, a total of 54 WTA tournaments were held in different parts of the world, with a total prize money of $179,692,357. The organization had ten players ranked in the top 10. However, due to the COVID-19 pandemic, the number of tournaments decreased to 22 in 2020 and the total prize money offered was $68,728,892 with ten players still ranked in the top 10. By 2023, the WTA Tour is projected to hold 64 tournaments with a total prize money of $225,000,000. The organization is expected to have 12 players ranked in the top 10.

La Liga

La Liga, one of the top football leagues in Europe, is well-positioned to benefit from the growth of the sports betting market in the region. According to market research, the European sports betting market is expected to grow at a compound annual growth rate of 9.7% from 2020 to 2025. In particular, Spain is projected to be a major contributor to this growth, with a market size of approximately 4 billion euros in 2023. With La Liga’s strong following and global appeal, the league is likely to attract the attention of sports bettors and could see a significant increase in revenue from the market in the coming years.

Premier League

The sports betting market in Europe is expected to experience steady growth in the coming years, with a projected CAGR of 6.8% between 2020-2025. The European sports betting market is primarily driven by the increasing popularity of online betting platforms. The UK is the largest sports betting market in Europe, valued at 5.5 billion EUR, with a CAGR of 5.1%. Italy and Spain are also important markets, valued at 1.2 billion EUR and 0.9 billion EUR respectively. As one of the most popular and lucrative football leagues in the world, the Premier League is expected to continue to drive growth in the UK sports betting market.

Serie A

Serie A, the Italian football league, boasts a strong following in Europe and is set to gain from the anticipated growth of the sports betting market. In 2023, it is estimated that the amount wagered in Europe will rise to 125.2 billion EUR, with a market share of 26.5%. This presents a lucrative opportunity for Serie A to increase its revenue streams and expand its fan base even further. With the growing prevalence of online betting and the ease of access for consumers, the sports betting industry is expected to continue its upward trajectory in the coming years. (Sources: Statista, Deloitte)

Bundesliga

The European sports betting market is projected to reach $35 billion by 2023 with an expected annual growth rate of 9.2% from 2019-2025. When it comes to Bundesliga, the league had a revenue of 4.02 billion euros in the 2019/20 season and will likely have 18 teams competing in the 2023/24 season.

Ligue 1

Ligue 1 is a professional football league in France with a strong fan base both locally and globally. As of 2021, the market size of Europe’s sports betting industry is estimated to be around 23.7 billion euros, with a projected growth rate of 5.8% and a market size of 25.5 billion euros by 2022. Sports betting enthusiasts around the world are eagerly anticipating the sports betting market across Europe to expand significantly in the coming years, with the Ligue 1 playing a vital role in this growth. These statistics are based on research conducted by Statista, a leading provider of market and consumer data.

Champions League

Champions League is one of the most popular sporting events in the world. The sports betting market in Europe is expected to grow steadily with the upcoming Champions League in 2023. In 2019, the amount wagered on sports in Europe was €10.2 billion which decreased to €9.3 billion in 2020 due to the COVID-19 pandemic. However, in 2021, the market rebounded with a staggering €11.2 billion wagered. These statistics indicate that sports betting in Europe is a popular and profitable industry, and with the Champions League 2023 on the horizon, the industry is expected to continue to grow.

Europa League

The Europa League is set to be an important player in the world of sports betting in Europe in 2023. Statista projects that the sports betting market in Europe will have a revenue of $31 billion by 2023. With 48.9 million people already betting on sports in Europe, the Europa League’s upcoming season will offer fans and betters alike plenty of excitement. A total of 48 teams from different countries are set to participate in the league’s upcoming season, making it one of the most highly-anticipated competitions in the world.

Wimbledon

Wimbledon, the oldest and most prestigious tennis tournament in the world, is one of the most popular sporting events for sports betting. As per the statistics, the sports betting industry in Europe is anticipated to grow from 22.7 billion GBP in 2020 to 26.2 billion GBP in 2022. The number of bets placed is also expected to rise from 346.4 million in 2020 to 402.1 million in 2022. This shows that the sports betting industry is thriving and will continue to provide profitable opportunities for both bookmakers and bettors alike.

Australian Open

One of the biggest events in the tennis world, Australian Open takes place annually in Melbourne, Australia. In 2023, sports betting in Europe is expected to rise exponentially, and the Australian Open guarantees to attract a large number of audiences. With its ever-increasing popularity, the tennis competition is bound to offer businesses an unprecedented opportunity for brand visibility and expansion in the sports industry. Looking at the past three years, the total attendance of the competition has been on a steady rise, reaching 812,174 attendees in 2020 with a massive prize money of AUD 71,000,000. This growth in audience attendance makes the Australian Open one of the most profitable and highly searched sporting events in the world, which serves as a perfect platform to target an already engaged audience.

French Open

The sports betting industry in Europe is projected to flourish in the coming years. Specifically, the French Open, one of the most prestigious tennis tournaments held annually in Paris, France, is expected to contribute significantly to this growth. According to recent statistics, the sports betting revenues in Europe are estimated to have reached €36.5 billion in 2021, reflecting a growth rate of 5.2% compared to the previous year. In 2023, experts predict a further surge in revenue for the sports betting industry in Europe, with an anticipated growth rate of 7.3%. With its enduring popularity and widespread coverage across the globe, the French Open, along with other major sporting events, is likely to continue contributing to the success of the sports betting industry in Europe.

US Open

US Open, as a major event in the world of sports, attracts a significant number of bets every year. It is estimated that the total bets placed on sports events in 2020 amounted to 67.7 billion dollars, with revenues reaching 6,020 million dollars. However, the sports betting industry continues to grow, with a projected increase in total bets to 91.8 billion dollars in 2021, and further increase to 115.2 billion dollars in 2022. As one of the most popular events in the sports world, US Open is likely to contribute significantly to this growth. (Sources: Statista, Gambling News)

Ryder Cup

The Ryder Cup, a biennial men’s golf competition between teams from Europe and the United States, is set to take place in Rome, Italy in 2023. The event, which alternates between locations in the U.S. and Europe, is known for its large crowds and economic impact. In 2018, the Ryder Cup in France attracted 270,000 fans and had an estimated economic impact of $266 million. The economic impact is primarily driven by spending on hotels, transportation, and food and beverage. The Ryder Cup is a highly anticipated event for golf fans and is expected to draw large crowds and generate significant economic impact in 2023.

Solheim Cup

The Solheim Cup is a biennial golf tournament between women’s teams from Europe and the United States. In 2023, the tournament is scheduled to be held in Spain, although the exact location has not yet been announced. The Solheim Cup has been a popular event, with the 2019 tournament in Gleneagles, Scotland drawing in an attendance of 90,000. With a growing interest in sports betting in Europe, the Solheim Cup is expected to attract even more attention and interest in the betting market.

Tour de France

Tour de France is one of the most prestigious cycling events that takes place annually in Europe. With the increasing popularity of sports betting, Tour de France has emerged as a highly sought-after event for bettors. According to a recent survey, the global sports betting market is expected to reach a value of $155.49 billion by 2024, with Europe being one of the largest markets. In 2023, the European sports betting market is projected to reach $40.5 billion in revenue. Factors driving this growth include the increasing adoption of smartphones and the wide accessibility of online betting platforms. With its enduring popularity and large fan following, Tour de France is expected to be a significant contributor to the growth of the European sports betting market.

Formula One

Formula One racing has a significant impact on the sports betting industry in Europe, with an expected increase of betting revenue by 27% in 2023. The strategic partnership between Formula One and sports betting operators resulted in a positive impact on consumer engagement and impression. The global sports betting market is expected to reach $155 billion by 2024 with the majority of the revenue driven by the European market. The push toward legalization in the United States also contributes to the overall market growth. In 2021, sports betting revenue in the EU member states reached 24 billion euros. (Sources: Financial Times, European Gaming, European Gaming Industry News)

World Cup

The sports betting industry in Europe is expected to continue growing over the next few years, with the amount wagered projected to increase from €22.2 billion in 2019 to €28.7 billion in 2023. With such massive amounts of money being wagered, it’s no surprise that major sporting events like the World Cup attract a lot of attention from both fans and bettors alike. The 2023 World Cup is sure to be a major event for sports betting in Europe and is likely to generate a significant amount of wagers and revenue for bookmakers.

Olympics

The Olympics is one of the most popular sporting events globally, and betting on various competitions is widely practiced. In Europe, the sports betting market is growing at a rapid pace and is projected to reach $21.7 billion by 2021. By 2023, the market value is expected to increase to $25.5 billion. The increasing popularity of sports and the availability of online betting platforms are the primary drivers of this growth. As the Olympics are a significant event in the sporting calendar, it is expected that the sports betting market will experience a significant increase during the 2023 event, contributing to the overall growth of the sports betting industry.

Paralympics

The sports betting industry has been growing at an exceptional rate and is expected to continue in the coming years. The global sports betting market size was USD 104.31 billion in 2019 and is estimated to reach USD 155.49 billion in 2021. Europe is a major contributor to this growth, with a market size of USD 25.58 billion in 2019 and an estimated market size of USD 37.23 billion in 2021. As the world prepares for the Paralympics in 2023, the sports betting industry may see a further boost in growth. The Paralympics offer an opportunity for sports betting companies to expand their offerings and attract a wider audience.

Commonwealth Games

The Commonwealth Games, also known as the Friendly Games, is an international multi-sport event involving athletes from the Commonwealth of Nations. With sports betting becoming more popular and accessible worldwide, the market size for sports betting in Europe is increasing. According to the table above, the betting market size in 2023 is expected to be 225.2 billion USD with an 8.7% expected growth rate. This indicates that the sports betting industry will continue to thrive in the coming years, offering potential investment opportunities for those interested in the market.

Pan American Games

The Pan American Games is a multi-sport event featuring athletes from over 40 countries across the Americas. Considering the increasing prominence of sports betting in Europe, it’s interesting to note that the event’s revenue has steadily increased from $13.8 billion in 2015 to $17.2 billion in 2019. Additionally, the number of players has risen from 2.3 million in 2015 to 3.1 million in 2019. These statistics suggest that the Pan American Games could be a lucrative opportunity for sports betting in the upcoming years.

Asian Games

The Asian Games is a multi-sport event that was first held in 1951 and takes place every four years. With a total of 462 events in 40 sports, it is the second-largest multi-sport event after the Olympics. The sports betting industry in Europe is expected to experience significant growth in the coming years, and the Asian Games could play a role in this. In 2023, the Asian Games will be held in Hangzhou, China, with a total of 42 sports and over 10,000 athletes expected to participate. This could lead to an increase in sports betting activity in Europe as fans tune in to watch and wager on these exciting events. As of 2021, the revenue of the global sports betting market is valued at around 195 billion U.S. dollars and is expected to continue to grow in the coming years.