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Straits Research Forecasts the Global Online Sports Betting Market Revenue to Expand at a CAGR of 11.2%, Reaching an Estimated Size of USD 1,46,363.8 Million by 2031
Online sports betting is only one of the many sports wagering methods available worldwide. Online sports betting involves forecasting sports outcomes and making bets on the development of football games. Online football betting services offer the most incredible experience with a safe and secure online sportsbook (a reference book used to monitor wagers, payments, and debts), giving a trustworthy and dependable platform to gamble and win money. The leading online betting website platforms include tools, tips, techniques, and other betting resources, although their offers vary somewhat.
Growth of High-Speed Internet Services Drives the Global Market
According to Straits Research, “The global online sports betting market was valued at USD 56,650.3 million in 2023. It is anticipated to reach USD 1,46,363.8 Million by 2032, growing at a CAGR of 11.2% over the forecast period (2024-2032).” Due to the rapid proliferation of internet-connected devices such as smartphones and tablets, online betting is a global increase. Those who observe live betting can make quick decisions that, if made correctly, might result in big profits. Therefore, live betting streaming on mobile devices such as smartphones and tablets will significantly influence the future sports betting business. The rise of internet betting is anticipated to substantially raise demand in the worldwide sports betting market during the projected period. Bookmakers provide a variety of incentives for online sports betting. These consist of bonuses for players who sign up and fund their accounts. In addition, players have access to enhanced odds, live streaming, and continuing promos. This should hasten the growth of the online sports betting industry throughout the forecast period.
Growth of Live E-Sports Coverage Platform Creates Tremendous Opportunities
E-sports investment and revenue have increased as a result of the popularity of the industry. E-sports’ appeal is largely attributable to the social component of live broadcasting and gameplay. Through video game-specific streaming sites such as Twitch and YouTube Gaming, fans can contact directly with players and teams. At the same time, more popular social networks have helped to foster these relationships. Some e-sports teams, like FaZe Clan, are branching aggressively outside of e-sports, such as into the products business, which helps build brand awareness. Thus, the expansion of live e-sports coverage platforms is projected to generate profitable chances for developing the worldwide online sports betting industry.
Regional Analysis
European online sports betting industry share is anticipated to grow at a CAGR of 12.3% during the forecast period. As a result of new game forms and play modes, sports enthusiasm and the desire to watch sports are increasing daily across Europe. It has been a significant market for players and sectors such as gaming and betting to make wagers and enjoy themselves. Europe has had gambling and betting since the 1800s, but it has reached a new level recently. With the proliferation of smartphones and technological advancements, it is now simple to run and play on the platforms provided by gambling companies. In addition, Bet365, Betsson Group, Entain, Kindred, and William Hill are a few of Europe’s most prominent players. Due to this business, almost 43,000 employments have been created in Europe. The corporations have also invested in their platforms to keep them secure and dependable for users.
Asia-Pacific is estimated to grow at a CAGR of 14.9% over the forecast period. The region is home to a growing population of more than 4.6 billion people, and an increasing number of athletic events attract individuals from various cultures. In nations where sports betting is tightly regulated or prohibited, the opportunity to access internet betting services has grown. Those who previously could not gamble can now do so securely due to the rising use of VPN software. This has proven a popular means for gamers to access localized sites and enabled them to access and play on worldwide sites.
Key Highlights
- Based on type, the global online sports betting market is divided into line-in-play, fixed old betting, daily fantasy, e-sports, exchange betting, spread betting, and others. The line-in-play segment is responsible for the largest market share and is anticipated to grow at a CAGR of 12.0% over the forecast period.
- Based on sports type, the global online sports betting market is segmented into football, cricket, tennis, baseball, volleyball, basketball, hockey, horse riding, boxing, golf, racing, and others. The football segment owns the highest market share and is expected to grow at a CAGR of 12.20% over the forecast period.
- Europe is the highest contributor to the market and is anticipated to grow at a CAGR of 12.3% during the forecast period.
Competitive Players
The key players in the global online sports betting market are Bet365, GVC Holdings PLC, William Hill Inc., Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Betsson AB, The Stars Group Inc., Sky Betting and Gaming, 888 Holdings PLC, and Kindred Group PLC.
Market News
- In January 2023, Kentucky lawmakers introduced a new bill to legalize sports betting and online poker.
- In January 2023, SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, signed a deal to integrate its offering onto the platform of leading global provider BetConstruct, starting with its 24/7 Live Racing Content.
Global Online Sports Betting Market: Segmentation
By Type
- Line-In-Play
- Fixed Old Betting
- Daily Fantasy
- E-Sports
- Exchange Betting
- Spread Betting
- Others
By Sports Type
- Football
- Cricket
- Tennis
- Baseball
- Volleyball
- Basketball
- Hockey
- Horse Riding
- Boxing
- Golf
- Racing
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa

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Pre-Submission Check-Up: Is Your Project Ready for an Investment Fund?
Securing investment is a crucial step in the growth of any business, but before submitting an application, it is essential to critically assess its readiness. Does the team have the necessary expertise? Is the product in demand in the market? Is there a well-thought-out development strategy and financial model?
Founders often become so engrossed in their ideas that they overlook critical aspects that are key for investors. Investors evaluate not just the concept but also the actual viability of the business—market demand, team professionalism, financial stability, and scalability potential.
One of the funds that support promising companies, teams, startups, and technologies and help them grow is PIN-UP.INVESTMENTS. The fund follows a meticulous selection process, investing in verified projects that are prepared for sustainable development. COO Ihor Denysov has outlined the key criteria that define an ideal candidate for investment, emphasizing strategic business development and scalability potential. These criteria serve as guiding principles rather than strict requirements, helping projects better align with the fund’s vision.
1. Strategic Investment Focus Areas
To attract investment, the product of potential investee must align with the verticals that match current investor focus areas. Essential alignment niches include:
- MarTech Solutions — traffic solutions, advertising agencies, and marketing tools, including arbitrage teams, media platforms, telegram channels, advertising networks, influencer marketing, and AI-driven technologies. Tier 1 and Tier 2 are of interest.
- iGaming Innovations — casino game studios and comprehensive iGaming solutions, particularly slots, instant games, and infrastructure solutions for online gaming operators.
- Fintech Advancements — digital banking services, cryptocurrency projects, and innovative payment systems.
- AI/ML Applications — advanced artificial intelligence technologies enhancing user engagement, retention, and innovative solutions across various domains.
- Analytics Platforms — operational solutions optimising user acquisition, retention strategies, marketing performance, and overall business processes. Projects falling outside these strategic domains may not align with our current investment thesis regardless of their individual merit.
2. Product with Proven Market Demand
To secure investment, businesses, companies, technology projects, and teams must have more than just an idea; they need a real, market-validated product. Minimum requirements include:
- MVP+ (Minimum Viable Product Plus) — a product with basic functionality and initial users.
- Market demand validation — stable customer base growth, user behavior analytics, early sales, market research, alignment with the key market trends.
- A clear business model — understanding how the initiative will generate revenue.
If the product has not yet demonstrated market demand, it is crucial to focus on testing hypotheses before seeking investment.
3. Innovative Features for Market Advantage
Product differentiation is a crucial element for market success. It is essential to have:
- Unique solution to an existing problem that addresses the pain points in ways competitors don’t.
- Clear superiority backed by data, user testing, experience.
- Technologies that are hard to replicate—ideally patent-protected—can help maintain a competitive edge in the market. While not a strict requirement, having such innovations significantly strengthens a project’s investment appeal.
Products lacking distinctive features significantly reduce their chances of gaining market traction and investment.
4. A Strong Team with Industry Experience
The team is a critical factor in determining a project’s success. It is essential to have:
- An experienced CEO and competent core team (devOps, marketers, technical specialists, financial experts) who understand their field.
- Clearly defined roles and efficient internal processes.
- Previous experience in launching or developing similar projects.
Teams lacking the necessary expertise significantly reduce their chances of securing investment.
5. Transparent Financial Model and Growth Forecast
It is essential that the potential investees have:
- A well-structured financial model — revenue streams, cost structure, and expected profitability.
- Key customer acquisition metrics (CAC, LTV, ROI) that demonstrate marketing strategy effectiveness would be considered as the plus.
- A profitability forecast — outlining when and under what conditions the project will become self-sustaining.
Projects that cannot justify financial viability typically do not pass the selection process.
6. Readiness for Scaling
It is crucial to demonstrate:
- Growth potential — the ability to expand into international markets or scale within the current niche.
- Adaptable business model — ability to pivot or modify offerings based on changing market conditions and feedback.
- A well-planned customer acquisition strategy — including performance marketing, SEO, and partnership programs.
Projects without a clear scaling strategy are not considered investment-attractive.
Conclusion
Meeting these criteria significantly increases the chances of securing investment. PIN-UP.INVESTMENTS considers only verified, promising projects that are ready for growth. When submitting an application, businesses must be prepared to demonstrate not just anticipated but also concrete results that confirm their sustainability and competitiveness.
The post Pre-Submission Check-Up: Is Your Project Ready for an Investment Fund? appeared first on European Gaming Industry News.
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Skyesports Named Best Esports Tournament Organizer of the Year & Best Esports Tournament of 2024 for BMPS at GEM Awards
Skyesports, India’s leading esports and gaming community and IP builder, has been recognized for its exceptional contributions in 2024 at the GEM Awards 2024. The company was honored with the Best Esports Tournament Organizer Of the Year, while the BGMI Pro Series (BMPS) 2024, organized by Skyesports, was rewarded with the Best Esports Tournament Of 2024.
Skyesports is India’s most diverse esports tournament organizer, and in 2024 alone, it organized 50+ tournaments across 12 game titles, for both grassroots-level players, top creators, and professional players. Through these competitions, the Chennai-headquartered esports company rewarded prize pools of more than INR 10 Crore, showcasing its commitment to India’s esports industry.
The BGMI Pro Series (BMPS) 2024, an official Krafton India event, organized by Skyesports, and its grand finals was held in Kochi, India from Sept. 27 to 29 as 16 teams battled it out for the ultimate 2 Crore Prize Pool. This time, with storylines such as the resurgence of Jonathan Gaming-led GodLike Esports, alongside ScoutOP’s Team XSpark looking to create history with back-to-back official victories, delivered top-notch entertainment to fans. The tournament achieved a peak viewership of nearly 500,000, per Esports Charts, becoming the most-watched BGMI esports tournament in history with only competitive players.
Commenting on the recognition, Shiva Nandy, Founder and CEO of Skyesports said, “We are honored to be recognized for our commitments to the Indian esports industry. Our vision at Skyesports has always been to elevate talent while supporting the entire industry through diverse brand collaborations, tournaments across multiple game titles, and the best entertainment value to esports viewers through exceptional features such as augmented reality-based integrations. This is something we will continue doing in 2025 through our IPs like the Skyesports Championship, the Skyesports Masters, and many more.”
With these achievements, Skyesports continues to push the boundaries of competitive gaming, fostering grassroots esports and expanding its global footprint. Currently, the company is organizing the Skyesports Pro League and THE FINALS League 2.0, bringing esports across PC and mobile games.
The post Skyesports Named Best Esports Tournament Organizer of the Year & Best Esports Tournament of 2024 for BMPS at GEM Awards appeared first on European Gaming Industry News.
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Zimpler partners with Swish to unlock direct participation – transforming access to Swish payments for highly regulated industries
Swish is opening up to PSPs for the first time – eliminating the need for businesses to partner with a bank to get access. Zimpler is breaking new ground as the first PSP to integrate directly with Getswish, the company behind Sweden’s most widely used instant payment method.
This change removes one of the biggest onboarding barriers for businesses in highly regulated industries. Until now, merchants needed direct banking relationships to access Swish – an often costly, time-consuming, and restrictive process. Through Zimpler’s direct participation, businesses can now integrate Swish faster, at a lower cost, and with greater stability.
“This is a game-changer for the Swedish payments landscape,” says Johan Strand, CEO of Zimpler. “Many businesses in regulated sectors have faced challenges accessing payment solutions due to complex banking requirements. By offering a direct route, we’re giving merchants a faster, more efficient way to access one of Sweden’s most trusted payment methods.”
Beyond direct merchant access, this could open up the possibility for Zimpler to act as a Swish provider for other PSPs, making the solution even more widely available.
Urban Höglund, CEO of Getswish, adds: “Swish has always been about speed, security, and ease of use. With this partnership we make it possible for more companies to accept Swish payments.”
With the rise of account-to-account (A2A) payments and increasing pressure for frictionless payment solutions, this collaboration signals a major shift in Sweden’s financial ecosystem.
The post Zimpler partners with Swish to unlock direct participation – transforming access to Swish payments for highly regulated industries appeared first on European Gaming Industry News.
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