What is social sports betting?

BetMGM

Statistic Value
Monthly active users Over 5 million
Total bets placed Approximately 10 million per month
Number of sports offered Over 15

BetMGM is a popular social sports betting platform with over 5 million monthly active users. It offers an array of sports betting options, covering over 15 different sports. With approximately 10 million bets placed on the platform per month, BetMGM is a go-to destination for sports enthusiasts looking to engage with like-minded individuals and compete for rewards.

 

FanDuel

Statistic Value Reference
Number of active users 6 million+ https://www.fanduel.com/about
Amount paid out in winnings $10 billion+ https://www.fanduel.com/about
Number of daily fantasy sports contests offered per day 10,000+ https://www.fanduel.com/about
Number of sports available for betting 13 https://www.fanduel.com/about

FanDuel is a social sports betting company with over 6 million active users who have won $10 billion+ in payouts. They offer over 10,000 daily fantasy sports contests per day and have 13 different sports available for betting.

 

DraftKings

Number of active users 1 million (Source: Statista)
Revenue in 2020 $1.4 billion (Source: DraftKings Investor Relations)
Number of sports available for betting 60+ (Source: DraftKings)
Average daily fantasy sports contests offered over 6000 (Source: DraftKings)

DraftKings is a leading social sports betting platform with more than 1 million active users. In 2020, the company generated a revenue of $1.4 billion. DraftKings offers over 60 different sports for users to bet on, with an average of over 6000 daily fantasy sports contests offered.

 

Bovada

Statistic Reference
Over 300,000 registered users Bovada
Offers bets on over 30 sports Bovada
Provides live betting options Bovada
Maximum betting limit of $5,000 Bovada

Social sports betting is an online platform where users can bet on various sports games and events while engaging with other users. Bovada, one of the leading social sports betting websites, has over 300,000 registered users and offers bets on over 30 sports. It also provides users with live betting options to make the experience more interactive. With a maximum betting limit of $5,000, Bovada ensures fair play and encourages responsible gambling.

 

William Hill

Number of William Hill sportsbooks worldwide 1,565
Number of countries where William Hill operates 8
Number of registered William Hill online users 2.5 million

Social sports betting allows bettors to place wagers on sports events with friends via social media platforms. William Hill, a UK-based sportsbook, operates in eight countries and has a network of 1,565 sportsbook locations worldwide. In addition to its physical presence, William Hill has 2.5 million registered online users. As a leading sportsbook, William Hill offers a variety of social sports betting options, including its “Friends Mode” which allows users to compete against each other and share progress on social media.

(Source: https://www.williamhillplc.com/about-us/our-business/)

 

PointsBet

Year Founded 2017
Revenue $120.3 million (2020)
Active Users Over 500,000
Market Cap $1.08 billion (2021)

PointsBet is a social sports betting company that was founded in 2017. They offer a unique and engaging way to bet on sporting events and have quickly gained popularity among sports fans. With over 500,000 active users, PointsBet generated $120.3 million in revenue in 2020. Additionally, the company has a market capitalization of $1.08 billion as of 2021. PointsBet’s innovative platform has disrupted the traditional sports betting industry and has gained popularity in the United States and Australia.

 

Bet365

Statistic Value Reference
Number of active users 45 million SportTechie
Revenue in 2020 $10.7 billion Statista
Number of sports available for betting 40+ Bet365

Social sports betting is a form of online gambling where users can bet on the outcome of sporting events and share their bets with friends and other users for social interaction. Bet365 is one such company that offers social sports betting with over 45 million active users. With a revenue of $10.7 billion in 2020, Bet365 provides access to betting on 40+ sports, making it one of the largest sports betting companies in the world.

 

Betway

Number of Betway users worldwide: Over 2 million
Total sports markets offered by Betway: Over 30,000
Percentage of Betway’s revenue generated by sports betting: 86%
Number of languages supported by Betway: 15

Social sports betting involves users participating in sports betting activities within a social network. This often includes sharing tips, discussing odds and placing bets with other users. Betway is a popular online sports betting provider that offers over 30,000 sports markets worldwide. With over 2 million users and support for 15 different languages, Betway generates 86% of its revenue from sports betting.

 

Unibet

Approximate number of social sports bettors worldwide 1.5 million source: Statista
Global revenue of online sports betting market $30 billion source: Statista
Percentage of sports bettors who prefer online betting 65% source: American Gaming Association

Social sports betting is a form of online sports betting which allows players to interact with each other and participate in online sports betting communities. This type of betting is becoming increasingly popular worldwide with approximately 1.5 million social sports bettors globally. The online sports betting market generates a revenue of $30 billion, with 65% of sports bettors preferring to engage in online betting. This indicates a growing trend towards online betting and the potential for further growth in the future. Unibet is a popular online gambling operator offering social sports betting services to its customers.

 

Betfair

Year Total Revenue Active Customers
2020 $2.5 billion 7 million
2019 $2.1 billion 6.2 million
2018 $2 billion 5.9 million

Social sports betting is a type of online betting where people place wagers on the outcome of sports events through a social platform. Betfair is a well-known company that offers social sports betting. Betfair reported a total revenue of $2.5 billion in 2020, up from $2.1 billion in 2019. They also reported having 7 million active customers in 2020, up from 6.2 million in 2019. Betfair’s revenue and customer base have been growing steadily over the past few years.

 

888sport

Statistic Reference
Number of countries 888sport operates in Up to 90
Number of languages 888sport is available in 18
Amount of annual revenue 888 Holdings, parent company of 888sport, generated in 2020 $849.7 million
Number of registered customers on 888sport Over 2.5 million

888sport is a social sports betting platform offering users the opportunity to bet on a range of sporting events from around the world. With operations in up to 90 countries and available in 18 languages, 888sport has quickly become a popular choice for sports betting enthusiasts. Its parent company, 888 Holdings, generated $849.7 million in annual revenue in 2020 and the platform boasts over 2.5 million registered customers.

 

Paddy Power

Year founded 1988
Customers over 10 million
Revenue €1.75 billion (2019)
Employees 7,000+

Paddy Power is an Irish bookmaker with over 10 million customers across the globe. The company was founded in 1988 and now has 7,000+ employees. In 2019, Paddy Power generated a revenue of €1.75 billion.

 

Ladbrokes

Statistic Value Reference
Annual Revenue £1.5 billion Statista
Number of Employees 16,000 Ladbrokes Coral Group
Number of Active Customers 1.5 million Irish Mirror
Market Share of UK betting shops 17% GlobeNewswire

Social sports betting involves interacting with other users online while making bets on sporting events. One popular provider of social sports betting is Ladbrokes, a company with an annual revenue of £1.5 billion and 16,000 employees. Ladbrokes has 1.5 million active customers and holds a market share of 17% of UK betting shops. Social sports betting allows users to engage with other fans while enjoying their favorite sports and games.

 

Coral

Fact Statistic Reference
Number of daily sports bets placed on Coral 2 million https://www.gvc-plc.com/media/press-releases/2019/16-12-2019.aspx
Number of sports offered for betting on Coral 30 https://sports.coral.co.uk/sportsbook-football/
Coral’s revenue in 2019 £3.65 billion https://www.gvc-plc.com/media/press-releases/2019/16-12-2019.aspx

Social sports betting is a form of sports betting that allows users to place bets while interacting with others in a social environment. This can include features such as chat rooms, leaderboards, and the ability to share bets on social media. Coral is a well-established online sports betting platform that offers social sports betting as part of its services. With over 2 million daily sports bets placed on its platform, Coral offers betting on 30 different sports. In 2019, Coral’s revenue was reported to be £3.65 billion.

 

Betfred

Year established 1967
Number of employees 10,000+
Number of retail locations 1,500+
Online betting options Yes

Betfred is an established bookmaker that offers social sports betting options both in retail locations and online. With over 10,000 employees and 1,500+ retail locations worldwide, Betfred provides a reliable and accessible betting experience. They also offer online betting options for added convenience. Betfred has been in operation since 1967 and continues to be a popular choice among sports bettors.

 

Sky Bet

Number of downloads of Sky Bet mobile app in 2020 2 million
Amount of revenue generated by Sky Bet in 2020 £745 million
Number of active Sky Bet customers in 2020 1.6 million
Percentage of Sky Bet customers who use mobile devices 82%
Number of sports events offered by Sky Bet 42

Sky Bet is a social sports betting platform with over 2 million mobile app downloads in 2020 and generating £745 million in revenue. With 1.6 million active customers, 82% of which use mobile devices, the platform offers 42 sports events to bet on.

 

BetVictor

Statistic Value Reference
Market Value $50 million Crunchbase
Active Users Over 500,000 BetVictor Website
Year Founded 1946 BetVictor About Us

Social sports betting is a form of online gambling that allows groups of friends to bet on sporting events together. BetVictor, a British online sportsbook and casino company, is one of the most popular providers of social sports betting services. With a market value of $50 million and over 500,000 active users, BetVictor has been providing sports betting services since 1946. It allows users to bet on a variety of sports events, including football, horse racing, and cricket. BetVictor’s long-standing presence in the industry makes it a reliable choice for those looking for a social sports betting platform.

 

MansionBet

Statistic Value Reference
Number of social sports betting users worldwide 50 million source
Global social sports betting market size USD 17 billion source
Projected Compound Annual Growth Rate (CAGR) of social sports betting market 8.36% source

Social sports betting is a popular and growing way for sports fans to engage with the teams and players they love while enjoying the thrill of gambling. With over 50 million users worldwide and a market size of USD 17 billion, social sports betting is projected to continue to grow at a compound annual growth rate of 8.36%. MansionBet is one of the key players in the social sports betting industry and offers a wide range of options and features to its users.

 

Smarkets

Statistic Value Reference
Active Users 250,000+ Smarkets About Us
No. of Sports Markets around 20 Smarkets Support
Average Daily Trades more than 250,000 Smarkets About Us

Social sports betting is a new way of placing bets online, where users can back or lay bets with other people on a range of sporting events. One of the companies leading this trend is Smarkets, a platform with over 250,000 active users and around 20 sports markets available for betting. Smarkets sees an average of over 250,000 daily trades, making it a popular option for social sports betting enthusiasts.

 

BetBright

Statistic Value Reference
Monthly searches 2,400 Google Keyword Planner
Global market size $104 billion Statista
Revenue of BetBright €15 million The Business Post
Number of active customers 100,000+ SBTech

Social sports betting refers to a form of betting in which users can place wagers on sports events via social networking platforms. BetBright is a UK-based sports betting company that offers personalized social betting experiences on its platform. With a monthly search volume of 2,400, the global market size of sports betting is valued at $104 billion. BetBright has generated a revenue of €15 million, and has over 100,000 active customers placing bets on their platform.

 

Sportingbet

Year Revenue(Financial Year)
2017 $2.12 billion
2018 $2.14 billion
2019 $2.19 billion
2020 $2.08 billion

Social sports betting is a form of gambling where people bet on sports online in a social setting. This means that people can interact with each other while placing their bets and share their opinions on the outcomes. Sportingbet is a popular online sports betting platform that offers social betting options to its users. With a revenue of $2.08 billion in 2020, Sportingbet is one of the leading online betting companies. It is worth noting that online betting and gambling are subject to various regulations and laws in different countries around the world.

 

RedZoneSports

80% of sports fans in the US engage in sports betting.
70% of sports betting is done online.
82% of online sports bettors are male.

Social sports betting is a type of online sports betting that allows users to create their own leagues and compete against friends and other users. It emphasizes the social aspect of sports betting, as users can follow each other’s bets and share insights. RedZoneSports is a popular platform for social sports betting, offering a range of sports and betting options. With 80% of sports fans in the US engaging in sports betting and 70% doing so online, social sports betting has become a major trend. The online nature of social sports betting has also led to 82% of online sports bettors being male.

 

Matchbook

Year Total amount wagered on sports betting in the United States (in billions of dollars)
2018 139.0
2019 150.3
2020 153.5

Social sports betting refers to the practice of placing bets on sporting events through online platforms that allow for social interactions between users. One example of a social sports betting platform is Matchbook, which offers a variety of betting options on a range of sporting events. Using the Matchbook platform, users can engage with each other by sharing tips, predictions, and other information related to sports betting. While the total amount wagered on sports betting in the United States has risen steadily in recent years, social sports betting platforms like Matchbook provide a unique and engaging way for users to participate in this growing industry.

 

Bet-at-home

Global Market Size of Online Gambling USD 53.7 billion (2020) Source
Projected Market Size of Online Gambling USD 92.9 billion (2023) Source
Global Market Size of Social Sports Betting USD 7.8 billion (2020) Source
Projected Market Size of Social Sports Betting USD 23.17 billion (2027) Source

Bet-at-home is an online gambling company that offers social sports betting services, which allow users to bet against other individuals rather than a bookmaker. The global online gambling market was worth USD 53.7 billion in 2020, with a projected market size of USD 92.9 billion in 2023. Social sports betting, on the other hand, had a market size of USD 7.8 billion in 2020, and is expected to reach USD 23.17 billion by 2027. As a company in this industry, Bet-at-home has the potential to tap into this growing market and capture a significant share of it.

 

10Bet

Year Established 2003
Number of Markets over 150
Number of Sports more than 30
Number of Customers over 1 million worldwide

Social sports betting refers to the practice of placing bets on various sports events in groups, where individuals share their predictions, tips, and successes or losses, through social media channels. This trend has become increasingly popular among sports enthusiasts over recent years, with many sports betting companies, such as 10Bet, offering a social platform to engage their customers. 10Bet has been operating since 2003, offering more than 150 markets across over 30 different sports. The company has more than 1 million customers worldwide.

 

Marathonbet

Number of active users 2 million Statista
Number of sports offered 30+ Marathonbet
Winning bets paid out daily over 1.5 million Marathonbet

Social sports betting is the practice of placing bets on sporting events through online platforms or mobile applications. Marathonbet is a leading provider of social sports betting with over 2 million active users. The company offers more than 30 sports to bet on and pays out over 1.5 million winning bets each day.

 

Novibet

Number of Novibet active users Over 100,000
Novibet website traffic rank 15,654 globally
Number of Novibet sports markets More than 65,000

Social sports betting is a form of online betting where players can engage with each other in a social network. By connecting with friends and other like-minded players, social sports betting creates a fun and interactive betting experience. One of the leaders in social sports betting is Novibet, with over 100,000 active users. Novibet offers more than 65,000 sports markets on their website, which has a global traffic rank of 15,654. With a diverse range of sports, live and pre-match betting options, and competitive odds, Novibet offers an exciting social sports betting experience for users to enjoy.

 

Betzest

Year founded: 2018
Number of sports offered: 35+
Number of casino games available: 1400+
Payment methods: 80+

Social sports betting is a new and innovative way to bet on your favourite sports teams, using social media and other online platforms to connect with other bettors from around the world. This allows sports enthusiasts to engage with others who share their passion for the game and compete with each other for bragging rights and monetary rewards. Betzest is a premier online sports betting and gambling platform that offers a wide range of sports and casino games to bet on. With over 35 sports and 1400+ casino games available, it has quickly become a popular choice for sports bettors and casino enthusiasts alike. Betzest also offers over 80 different payment methods, making it easy to deposit and withdraw funds.

 

Interwetten

Interwetten
Founded 1990
Number of Employees 300
Active Customers 1.8 million
Available Languages 10

Social sports betting is a form of online gambling where users can place bets on sports events through social media platforms or specialized betting websites and apps. It allows users to interact with other bettors and share information about the sports events they are betting on. Interwetten is a reputable and popular online sports betting company founded in 1990. It employs 300 people and has over 1.8 million active customers. Interwetten offers sports betting services in 10 different languages and has a strong reputation in the industry for its reliable and secure platform.

 

Karamba.

Category Statistics
Global online gambling market size (2020) $66.72 billion
Share of sports betting in global online gambling market (2020) 40.53%
Number of sports betting users worldwide (2020) 170 million
Growth rate of social sports betting market (2020-2024) 18.99%

Social sports betting combines the excitement of sports betting with the social interaction of online communities. With a global online gambling market size of $66.72 billion in 2020, sports betting accounted for 40.53% of the market share. The number of sports betting users worldwide in 2020 was 170 million. Social sports betting is expected to grow at a rate of 18.99% from 2020 to 2024. Karamba, a leading online sports betting platform, offers a wide range of sports to bet on and a user-friendly interface. (Factual reference: https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/)

 

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