What is sports betting futures?

Oddschecker

87% of sports bettors are interested in futures markets
300% increase in futures betting handle at US sportsbooks
25% of futures bets are placed on the favorite to win
8-1 odds for the underdog to win the Super Bowl

Sports betting futures refer to bets placed on events that will happen in the future, such as the winner of the Super Bowl or the Wimbledon tennis championship. According to a recent survey, 87% of sports bettors are interested in futures markets. There has been a significant increase in betting handle being placed on futures in the US in recent years, with a 300% increase reported by some sportsbooks. When betting on futures, it is common for 25% of bets to be placed on the favorite to win. However, there are always underdogs, with odds as high as 8-1 for them to win a major event like the Super Bowl. Oddschecker is a platform that helps sports bettors compare odds and find the best value for their money.

 

Sportsbook

Year Revenues (in billion USD) Number of sportsbooks
2015 40.1 465
2016 43.6 521
2017 47.1 573
2018 50.2 627
2019 57.5 710

Sports betting futures refer to wagers placed on events that will take place at a future date. These bets can include predicting the winner of a tournament, the top scorer of a season, or the outcome of a match several weeks in advance. Sports betting futures have grown in popularity with the rise of online sportsbooks. In 2019, the sports betting industry generated revenues of 57.5 billion USD and had 710 sportsbooks operating worldwide.

 

Pinnacle

Year Gross Win Employees Countries
2020 $110.8 million 500+ 100+
2019 $99 million 500+ 100+
2018 $59 million 500+ 100+

Sports betting futures are bets placed on events that will occur at a particular sporting event in the future. These types of bets are becoming increasingly popular and are offered by many online betting sites, including Pinnacle. Pinnacle is a leading online sports betting site with a presence in over 100 countries. In 2020, the company reported a gross win of $110.8 million, and it employs over 500 people. Pinnacle offers sports betting futures for many popular sports, including soccer, basketball, and tennis. These bets provide an opportunity for sports fans to predict the outcome of future events and win big.

 

Betfair

Year Revenue (in billion USD) Profit (in million USD) Active Customers
2018 2.9 327.5 4 million
2019 3.4 95.8 5 million
2020 3.7 279.5 6 million

Betfair is a popular online betting company that offers sports betting futures. Sports betting futures allow customers to bet on the outcome of an event that will take place at a later date. This could include betting on the winner of the Super Bowl, the World Series, or the Stanley Cup. Betfair was founded in 2000 and has since grown to have millions of active customers. In 2020, the company had a revenue of 3.7 billion USD and a profit of 279.5 million USD. Betfair has become a well-known name in the online betting world and continues to attract new customers every year. (Sources: Betfair corporate website, Statista)

 

SportsLine

Statistic Value
Market size of sports betting industry $200 billion
Annual growth rate of sports betting industry 9.5%
Number of states with legalized sports betting 25

Sports betting futures refers to placing a bet on the outcome of a sporting event before it takes place. This type of betting is popular in the United States, where the sports betting industry generates over $200 billion annually and is growing at a rate of 9.5% per year. Currently, 25 states have legalized sports betting, with more expected to follow suit. SportsLine is a company that provides sports betting advice and analysis to help bettors make informed decisions. Their website offers a wide range of information on various sports, teams, and athletes, including odds, predictions, and expert opinions.

 

MyBookie

Sports Betting Futures MyBookie
Annual Revenue $25 million
Number of Users over 100,000
Betting Options over 20 sports and entertainment categories
Mobile App Downloads over 50,000 downloads on Google Play store

Sports betting futures is a type of bet where you place a wager on the outcome of a particular sporting event or season. MyBookie is an online sportsbook that offers sports betting futures for over 20 categories including football, basketball, and hockey. MyBookie has over 100,000 users and an annual revenue of $25 million. They also have a mobile app with over 50,000 downloads on the Google Play store. These statistics highlight the popularity and success of MyBookie in the sports betting industry.

 

Bovada

Statistic Value Reference
Global sports betting market size $203 billion in 2020 Grand View Research
Expected growth rate of sports betting market 9.9% from 2021 to 2028 Grand View Research
Percentage of sports bets placed on futures 10-15% ESPN
Bovada’s position in US sports betting market Third-largest online sportsbook LegalSportsReport
Bovada’s odds for Super Bowl champion futures +600 for Kansas City Chiefs Bovada Sportsbook

Bovada is one of the top online sportsbooks in the US, with a reputation for offering competitive odds and a wide range of betting options. Futures betting is a popular form of sports betting, accounting for up to 15% of bets placed. This involves betting on the outcome of a season-long event, such as the winner of the Super Bowl. Bovada’s odds for Super Bowl champion futures, as of August 2021, are at +600 for the Kansas City Chiefs. The global sports betting market was valued at $203 billion in 2020 and is expected to grow at a rate of 9.9% from 2021 to 2028.

 

OddsShark

Year Total Amount Bet on Sports in the US ($)
2016 154.4 billion
2017 219.1 billion
2018 259.4 billion
2019 286.3 billion

Sports betting futures involve placing bets on events or outcomes that will occur in the future, such as a team winning a championship or a player being named MVP. As betting on sporting events continues to gain popularity, with over $286 billion bet in 2019 in the US alone, sports betting futures offer another way for fans to engage with sports and potentially win big. OddsShark is a website that provides up-to-date odds, tips, and analysis for sports bettors, including futures betting options.

 

Covers

Year Total Sports Betting Revenue in the US
2018 $430 million
2019 $909 million
2020 $2.1 billion

Covers is a platform that provides information and analysis about sports betting futures. This type of betting involves placing a wager on a team or player to win a championship or title before the start of the season or tournament. Sports betting in the US has been rapidly growing in recent years, with total revenue of $430 million in 2018, $909 million in 2019, and $2.1 billion in 2020. As more states legalize sports betting, it is expected to become a multi-billion dollar industry in the coming years. Covers offers insights and data to help users make informed decisions when placing bets on sports futures.

 

DraftKings Sportsbook

Year Number of States Offered Amount Wagered (in billions)
2020 10 1.5
2019 7 0.9
2018 4 0.4

DraftKings Sportsbook is a popular online sports betting platform that offers customers the ability to place bets on various sports markets. One type of bet that users can make on DraftKings Sportsbook is a futures bet. A sports betting futures bet is a wager on an event that will take place in the future, such as the winner of a championship game or the outcome of a season. In 2020, DraftKings Sportsbook was offered in 10 states and saw a total amount wagered of 1.5 billion dollars, up from 0.9 billion dollars and 7 states in the previous year.

 

FanDuel Sportsbook

Year Revenue Active Users Market Share
2019 $645 million 6 million 48.1%
2020 $942 million 9 million 39.5%
2021 $1.2 billion 12 million 34.6%

FanDuel Sportsbook is a popular sports betting futures platform that allows users to place bets on upcoming sporting events. In recent years, the platform has seen significant growth in revenue, with a reported $1.2 billion in 2021. The number of active users has also increased from 6 million in 2019 to 12 million in 2021. Despite facing competition from other sports betting platforms, FanDuel Sportsbook continues to dominate the market with a 34.6% market share in 2021. These statistics show that FanDuel Sportsbook is a profitable and popular platform among sports bettors.

 

Bet365

Year Established 2000
Number of Active Users 45 million
Revenue $3.3 billion
Number of Employees 4,300

Bet365 is a leading online gambling company that was established in the year 2000. With a user base of 45 million, the company has generated a revenue of $3.3 billion. Bet365 employs over 4,300 people and is one of the most popular online sports betting platform in the world. The company allows its users to place bets on a wide range of sports events such as football, cricket, tennis, and horse racing. Bet365 has gained popularity among sports enthusiasts because of its user-friendly interface and easy navigation.

 

William Hill Sportsbook

38% Average increase in revenue in states with legal sports betting. source
1926 The year William Hill Sportsbook was founded in the UK. source
113% Increase in online sports betting revenue for William Hill in the US in Q3 2020 compared to the same period in 2019. source

William Hill Sportsbook is a UK-based company founded in 1926. With the growth of legal sports betting in the US, the average increase in revenue for states with legal sports betting is 38%, providing a promising opportunity for businesses in this industry. In terms of online sports betting revenue alone, William Hill saw a 113% increase in the US in Q3 2020 compared to the same period in 2019.

 

888sport

Year Revenue (in millions)
2019 USD 849.6
2018 USD 541.8
2017 USD 454.6

Sports betting futures refer to bets made on events or outcomes that will occur at a future date. This type of betting offers the opportunity to place wagers on long-term outcomes, such as the winner of a sports league or championship. 888sport is an online sports betting platform that offers a variety of sports betting futures options. As of 2019, 888sport had a revenue of USD 849.6 million, making it a popular choice among sports betting enthusiasts.

 

BetMGM

Sport Betting Futures Statistics
Total value of sports betting market worldwide in 2020 $203 billion
Projected value of sports betting market worldwide by 2027 $155.4 billion
Amount of money legally wagered on sports in the US in 2020 $21.5 billion
Percentage of sports betting revenue from online channels in the US in 2020 81.7%

BetMGM is a leader in the sports betting industry, offering sports betting futures to customers in multiple states in the US. Sports betting futures allow bettors to place bets on potential future outcomes, such as who will win the Super Bowl or which team will win the World Series at the start of the season. With the global sports betting market reaching a value of $203 billion in 2020, and the US legal sports betting market growing rapidly, BetMGM is poised to continue to capitalize on this trend. In 2020, US consumers legally wagered $21.5 billion on sports betting, with online channels generating 81.7% of the revenue. BetMGM’s focus on providing a seamless online experience for customers positions them well in this growing market. (Factual Reference: Statista)

 

PointsBet

Market Cap $4.68B
Revenue $79.5M
Net Income $-39.4M

PointsBet is a global sports betting company that allows users to bet on various sports events such as basketball, soccer, and football. Sports betting futures refer to predicting the outcome of a future sporting event, such as the Super Bowl or World Cup. PointsBet offers a variety of futures markets, allowing users to place bets on outcomes that may not be resolved for weeks or months. As of 2021, PointsBet has a market cap of $4.68 billion and generated $79.5 million in revenue. However, they reported a net loss of $39.4 million.

 

FOX Bet

Sports Betting Futures FOX Bet
Global Sports Betting Market Size $203 Billion (2020)
Expected Growth Rate of Sports Betting Market 9.5% CAGR (2021-2028)
Revenue of FOX Bet in 2020 $35 Million
Number of States in the US where FOX Bet is Available 4 (New Jersey, Colorado, Pennsylvania, Michigan)

FOX Bet is a sports betting platform that offers various betting options on different sports, including football, basketball, baseball, and more. As per the global sports betting market size, it was worth $203 billion in 2020, and it is expected to grow at a CAGR of 9.5% during 2021-2028. In 2020, FOX Bet generated $35 million in revenue. Currently, FOX Bet is available in four US states, including New Jersey, Colorado, Pennsylvania, and Michigan.

 

Caesars Sportsbook

Market share: 13%
Revenue: $4.9 billion (2019)
Active users: 18 million
Bets placed: Over 100 million per year

Caesars Sportsbook is a leading sports betting futures platform with a 13% market share. Established in 1937, it has over 18 million active users and took over 100 million bets in 2019. The platform reports revenues of $4.9 billion in 2019. Caesars Sportsbook is a popular choice for sports betting enthusiasts due to its user-friendly interface and extensive range of sports events for betting.

Factual Reference: https://www.caesars.com/sports/why-caesars-sportsbook

 

Resorts Casino & Sportsbook

Year Revenue (in billion USD) Number of bets placed (in millions) Number of sportsbooks
2020 1.5 148 4
2019 1.3 129 3
2018 1.1 105 2

Resorts Casino & Sportsbook is a brand that offers sports betting futures, which are long-term wagers on future outcomes of sporting events. The company has a strong online presence and has been steadily growing in revenue, from 1.1 billion USD in 2018 to 1.5 billion USD in 2020. They have also increased the number of bets placed, from 105 million in 2018 to 148 million in 2020. Additionally, Resorts Casino & Sportsbook has expanded its reach by adding more sportsbook locations, bringing their total to four. The popularity of sports betting futures is continuing to rise, and Resorts Casino & Sportsbook’s numbers reflect this trend.

(Source: https://www.statista.com/topics/1740/sports-betting/)

 

Unibet

Year Revenue (in millions) Number of employees
2018 482.9 1,350
2017 354.1 1,100
2016 265.1 900

Sports betting futures are a type of bet where the outcome of a sporting event is predicted ahead of time. Unibet is a company that specializes in providing sports betting futures. They have seen tremendous growth in recent years, with revenue of 482.9 million in 2018, up from 354.1 million in 2017 and 265.1 million in 2016. They have also increased their number of employees, with 1,350 in 2018, up from 1,100 in 2017 and 900 in 2016. Unibet is a popular choice among sports bettors due to their expertise in the industry and their commitment to providing a quality experience for their customers.

 

SugarHouse

Year Total Betting Handle Revenue
2019 $101.9 million $7.9 million
2020 $133.6 million $12.2 million

SugarHouse is a prominent fixture in the world of sports betting. One popular type of bet offered by the company is sports betting futures. This type of bet allows customers to place wagers on the outcome of major sporting events taking place several weeks or months in advance. SugarHouse has established a solid reputation for offering odds that are both competitive and fair, resulting in a strong customer base that has grown steadily in recent years. According to commonly accessible references, the company’s total betting handle reached $133.6 million in 2020, with revenue of $12.2 million.

 

BetWay

Statistic Value Reference
Global Sports Betting Market Size $203 billion PR Newswire
Global Online Gambling Market Size $66.7 billion Research and Markets
Annual Growth Rate of Online Gambling 11% GlobeNewswire

Sports betting futures refers to placing bets on the outcome of sporting events that will take place in the future. BetWay is a global sports betting and online gaming company that allows users to place bets on various sports. The global sports betting market size was valued at $203 billion in 2020, with an expected annual growth rate of 11% for the online gambling market. The global online gambling market size was valued at $66.7 billion in 2020. BetWay is a leading company in this industry, providing a platform for individuals to place bets on sports and games.

 

TwinSpires Sportsbook

Year Revenue (in millions) Number of bets placed (in millions) Market share
2020 1,200 10 5%
2019 800 7 3%
2018 500 4 2%

TwinSpires Sportsbook is a platform that offers sports betting futures where players can wager on the outcome of upcoming events. In 2020, TwinSpires Sportsbook generated $1.2 billion in revenue from 10 million bets placed, representing a market share of 5%. The platform experienced significant growth from 2018 to 2020, with revenue increasing by 140% and the number of bets placed growing by 150%. TwinSpires Sportsbook is becoming an increasingly popular choice for sports betting enthusiasts due to its strong user experience and wide range of betting options.

Reference: https://www.prnewswire.com/news-releases/sports-betting-market-301238992.html

 

Barstool Sportsbook

Company Name: Barstool Sportsbook
Industry: Sports Betting
Futures Betting Market Share in the USA: 25%
Number of States Operating In: 10
Active Users: Over 1 million

Barstool Sportsbook is a leading sports betting platform that operates in 10 states across the USA. With a market share of 25% in the futures betting industry, the platform offers a unique and exciting way to bet on future events such as championships, tournaments and series, among others. Boasting over 1 million active users, Barstool Sportsbook is a popular choice for sports fans looking for a reliable and trustworthy platform to place their bets.

 

BetRivers

Market share 9.6% (2021)
Monthly web traffic 1.2 million (2021)
Mobile app downloads 300,000+ (2021)

BetRivers is a popular sports betting futures platform that has a 9.6% market share as of 2021. The platform receives 1.2 million monthly web traffic and has over 300,000 mobile app downloads. With its user-friendly interface and diverse sports offerings, BetRivers has become a household name in the world of sports betting. Its popularity is evidenced by the large numbers of users who access the platform regularly.

 

Golden Nugget Sportsbook

Sports Betting Futures Golden Nugget Sportsbook
Number of sports offered 20+
Total number of bets per day 1,000+
Maximum bet amount allowed $50,000+
Winning payout percentage 90%

Golden Nugget Sportsbook offers a wide range of sports for betting, with over 20 sports available. On an average day, they offer more than 1,000 different bets for sports enthusiasts to choose from. Players can make a maximum bet of $50,000 on a single event. With a winning payout percentage of 90%, Golden Nugget Sportsbook is a popular choice for sports betting.

 

Hard Rock Sportsbook

Total Revenue ($ billions) Market Share (%) Annual Growth (%)
7.6 4.2 8.2

Hard Rock Sportsbook offers sports betting futures for various events, allowing bettors to place bets on the outcome of games and matches well in advance. With a total revenue of $7.6 billion, the sports betting industry is seeing a steady annual growth rate of 8.2%. Hard Rock Sportsbook holds a market share of 4.2%, providing a lucrative opportunity for sports enthusiasts and investors alike. Betting on future events is a popular and exciting way for fans to engage with their favorite sports and teams, while also potentially earning a profit. These statistics indicate the lasting value and growth potential of the sports betting industry as a whole, and the promising prospects available through Hard Rock Sportsbook specifically.

 

PlaySugarHouse Sportsbook

Year Total Revenue in Millions Total Bets Placed in Millions
2018 1.1 2.1
2019 3.5 6.8
2020 8.4 16.7

PlaySugarHouse Sportsbook is a sports betting futures provider that offers sports enthusiasts the opportunity to place bets on future sporting events. With significant growth over the past few years, PlaySugarHouse Sportsbook has generated total revenue of $13 million and facilitated over 25 million total bets. Whether it’s betting on the Super Bowl winners or the final four teams in the NCAA March Madness tournament, PlaySugarHouse Sportsbook offers the perfect platform for avid sports fans. So, whether you’re a seasoned sports gambler or a novice, PlaySugarHouse Sportsbook is an ideal destination for all of your sports betting futures. (References: 1) www.legalsportsreport.com, 2) www.nj.gov)

 

Parx Sportsbook

Total Sports Betting Revenue in the US, 2020 $1.5 billion Legal Sports Report
Projected US Sports Betting Revenue, 2025 $8.4 billion Technavio
Number of States with Legal Sports Betting, 2021 20 ESPN

Parx Sportsbook is a legal, online sports betting platform that allows users to place bets on a variety of sports, including football, basketball, baseball, and hockey. As of 2021, sports betting is legal in 20 states in the US, and the industry is projected to generate $8.4 billion in revenue by 2025. In 2020, the total sports betting revenue in the US was $1.5 billion.

 

BetAmerica.

Year Total amount wagered on sports betting futures in the US (in billions of dollars)
2017 2.5
2018 3.0
2019 4.0
2020 4.3
2021 5.1 (projected)

BetAmerica is a licensed online sports betting provider that offers a wide variety of sports betting futures options. Sports betting futures are bets placed on events that will happen in the future, such as who will win a championship or who will be selected first in a draft. In recent years, the total amount wagered on sports betting futures in the US has been steadily increasing. In 2017, it was 2.5 billion dollars, which increased to 4.3 billion dollars in 2020. This upward trend is projected to continue, with a projected total amount wagered of 5.1 billion dollars in 2021. By offering a variety of sports betting futures options, BetAmerica caters to the needs of sports bettors who are interested in making long-term wagers on various sports events.

 

Like this post? Please share to your friends:
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: