The Online Betting market research report presents a detailed analysis of the market, focusing on the competitive scenario and the key strategies of the leading players in the market. It also covers the market size and revenue trends, along with the CAGR. It also includes an analysis of company profiles and the supply and demand scenario. The study also highlights the key drivers and challenges in the market.
The global market for online betting is likely to grow significantly over the next several years, according to Zion Market Research. It projects that the market will reach US$ 94.4 billion by 2024. Some of the major regions to see growth include the United States, France, Germany, and the United Kingdom. The market concentration rate is low, but there are a number of major players in the industry.
One of the major risks to the Online Betting market is the COVID-19 virus outbreak that began in December 2019. It has spread to almost every country in the world Health Organization has declared it a public health emergency. The global impact of the virus is already evident, and it is likely to affect the Online Betting market significantly by 2021. The virus has caused flight cancellations, travel bans, and restaurant closures. It has also slowed the supply chain and raised concerns among the public.
DraftKings and FanDuel are two of the biggest players in the legal sports betting market. In November, FanDuel and DraftKings combined for over $215 million in gross revenue, making up 30.5 percent of the market. The two companies are vying for dominance in the online betting market.
