$133B for betting

[summonerrk]

Currently, sports betting for almost a third of the global sports industry, which is worth $417 billion. These are incredibly large numbers in the world of sports contracts, sports advertising, sponsorships, media, and other money in the world of sports. But is this information about 1/3 of the industry shocking to you?
Do you think that this outcome is logical, because we all love sports betting, which is a fairly ancient form of entertainment, and it will always be relevant?

[Sticky Bomb]

Not surprised at all because studies shows that 65% of young men are into sports betting before they reach 21 years of age and about 50% of men play sports betting and these players are have varying staking powers that ranges from low to medium and high. people do gamble and a lot of them behind closed doors so it is harder to detect the likes of females that gamble steadily.

Almost every young man I interact with gambles either occasionally or regularly and have betting apps installed in their mobile devices. Professionals bets at their free times, even bankers, accountants and some barristers that I know still play sports betting. It is very possible that 70% or more of people that love football are all betting.

[Wapfika]

Not shocking news considering how accessible sports betting nowadays compared before. Anyone can place bet using their mobile device whenever they want while the popularity of sports betting is already increasing due to the social media promotion.

Sports are already dominated by the betting part since most of the top sponsors now are sportsbook unlike before that it’s a sports merch brand.

I believe this number will increase further considering the trend.

[rbynxx]

Not surprising numbers I guess but do you think this really covers it all or there will be some stats that go unnoticed? I think at the current state it will be relevant unless there will be some strict regulations that some governments will require considering this is getting a trend or probably spreading like a pandemic.

Almost every young man I interact with gambles either occasionally or regularly and have betting apps installed in their mobile devices. Professionals bets at their free times, even bankers, accountants and some barristers that I know still play sports betting. It is very possible that 70% or more of people that love football are all betting.

Not quite yet in my area but in terms of country wide adoption I think it's getting huge day by day but as I see it there could be some problems may arise from this as I see some are getting addicted in it. Sooner or later I think government will intervene.

[cryptomaniac_xxx]

Yeah, I think everyone should not be surprised by this numbers. I mean we all know that sports betting has been huge and dominating online gambling for numbers of years now. What's obvious is that sports is really global, from football to hockey to basketball.

And the thing is that we have both women and men divisions that why it could be one factor why the game really took off and so is the money flowing in the market. And it will still continue to grow as there are one gambler being born every minute.

[Gozie51]

I don't have any doubt on this. In fact, probably the figure is not accurate because the numbers of fans growing in soccer especially football is alarming. The number should be possibly higher with endorsement, adverts, contract deals for players and coaches. Despite casino presence, the numbers of house holds that are involved in football is also increasing. Football is a source of fun and entertainment for the home and that is why you see some fathers at home during weekends. So the awareness from sports increases the betting going on with it.

[giammangiato]

Currently, sports betting for almost a third of the global sports industry, which is worth $417 billion. These are incredibly large numbers in the world of sports contracts, sports advertising, sponsorships, media, and other money in the world of sports. But is this information about 1/3 of the industry shocking to you?
Do you think that this outcome is logical, because we all love sports betting, which is a fairly ancient form of entertainment, and it will always be relevant?

I don't know what surprises you about all this, as you confirmed it is the oldest form of entertainment in the world that always works, as does prostitution.
The numbers are high because it is now easy to use, in fact more and more platforms are emerging that invest in this sector (given that the profits are truly high).
Unfortunately, the thing that worries me is scam platforms, which are born and die at a really high speed, the time to scam as many users as possible and disappear.
The hub of this exorbitant business is the online world, which unfortunately also attracts young people (who in theory shouldn't be playing).

[Italian Panic]

It really is a huge amount of money a real industry, but I think the part about no-KYC betting services is missing, or at least not fully accounted for. How might we estimate it? A good 25%?
When I stop to think about it, I know loads of people who bet on sports events some regularly, others less so but there really are a lot of them.

[KiaKia]

Interesting, and this is just the beginning.

Over 180 million internet users around the world are into sport bets and by 2030 it will cross 230million dollars, while many people are losing bets and their money, some people are actually winning.

And today the world economy is getting worst, people want to always try out new risks like gambling, the number will always increase no matter what.

It really is a huge amount of money a real industry, but I think the part about no-KYC betting services is missing, or at least not fully accounted for. How might we estimate it? A good 25%?
When I stop to think about it, I know loads of people who bet on sports events some regularly, others less so but there really are a lot of them.

No KYC betting service isn't a big thing like before, today people are learning to get used to KYC verification because no KYC casinos and betting platforms are now asking for KYC, even while gambling is growing in revenue and numbers KYC verification is getting passed, yes many are not happy about it but there isn't much to do about it.

[Yaunfitda]

It really is a huge amount of money a real industry, but I think the part about no-KYC betting services is missing, or at least not fully accounted for. How might we estimate it? A good 25%?
When I stop to think about it, I know loads of people who bet on sports events some regularly, others less so but there really are a lot of them.

It might be included in the numbers as well, KYC is not that something gamblers didn't want to go to. On the contrary, as much as we don't want to do this KYC thingy, almost all gambling platforms are now requiring it. So in that sense, we are already tied to it and could be thinking that this is already the norm and that's why the data really shows how big this business is. And that is the reason why there are so much casino that is being established like here in our community. We see more signature campaigns promoting this new platform that wanted to get a slice on that big billion pie. So there's nothing to be surprised by this $133 billion industry and this is just the tip of the iceberg at in the next 5-10 years, this numbers might double.

[odunybiz]

Yeah, I think everyone should not be surprised by this numbers. I mean we all know that sports betting has been huge and dominating online gambling for numbers of years now. What's obvious is that sports is really global, from football to hockey to basketball.

Sport betting will forever be dominating. Sport betting is more of fun than all other forms of gambling. Moreover, it's a game that it's gambling doesn't fully base on luck. Most time analysis works. Containing wide range of games with multiple options to bet on gives more advantage.

And the thing is that we have both women and men divisions that why it could be one factor why the game really took off and so is the money flowing in the market. And it will still continue to grow as there are one gambler being born every minute.

Female division in sports give more advantage for sport gambling to go more viral than others. Some percentage of women love sport and love to partake in it either by supporting a team or having fun through gambling.  

[Mpamaegbu]

Do you think that this outcome is logical, because we all love sports betting, which is a fairly ancient form of entertainment, and it will always be relevant?

Frankly, I'm not perplexed with that figure released; considering the preponderance of gambling sites springing up here and there now. It must be lucrative, and the ease of assessment because of it being online has made more people to fancy it. Attention and patronage is building up in that industry on a daily and revenue is pouring in.

Interesting, and this is just the beginning.

Over 180 million internet users around the world are into sport bets and by 2030 it will cross 230million dollars, while many people are losing bets and their money, some people are actually winning.

You're right. I also think same way that it's just the beginning, especially now that it's obvious more people are embracing sports and cryptocurrencies. Gambling is powered by both. So, we should expect to see more surge in the gambling industry in future. Gen-Z and Gen–Alphas aren't relenting on their love for sports and games.

[rachael9385]

Sports betting has been existing for a long time and a lot of people are into it, even people that don't know anything about betting gets involved in it, these people just do It to make profit so even if they don't have any knowledge on it they just copy bets from others. The figure doesn't surprise me at all and I think that it's going to increase significantly overtime because more people gets interested in betting everyday.

[len01]

I’ll judge it based on my region. Gambling is increasingly seen as a way to make money, while some still treat it as entertainment. A lot of young people are getting involved in sports betting and casinos, which shows that gambling is becoming a trend here. On the other hand, gambling is getting easier since online platforms allow anyone to place bets without much effort. That’s why I think those outcomes actually make sense on a global level.

[Fivestar4everMVP]

Currently, sports betting for almost a third of the global sports industry, which is worth $417 billion. These are incredibly large numbers in the world of sports contracts, sports advertising, sponsorships, media, and other money in the world of sports. But is this information about 1/3 of the industry shocking to you?
Do you think that this outcome is logical, because we all love sports betting, which is a fairly ancient form of entertainment, and it will always be relevant?

I've never bothered to check but if really the sport betting industry alone is worth $417 billion in the global market capitalization, then I am absolutely not surprised to be honest because sports betting is indeed a very popular, (if not actually the most popular) form of gambling.

I personally assume sports betting to be the most popular form of gambling because each time I visit stake.com, that is, most of the time, I see that the number of gamblers betting in sports is always higher than the number of gamblers gambling on slot games, casino games on the other hand are the ones with the lowest number of player almost all the time and I guess this is because there is usually a limited number of game in casino original category.

Sports betting is ancient, and it's a type of gambling game that I believe will continue to grow further into the future because football and other types of sports is not something that can die.

[bitbollo]

The real surprises are hidden inside the numbers likewise the percentage of gambling allocated to certain sports or certain countries.
If you count that they have a very restricted markets ... it's evident that these numbers can just bigger an bigger.
Interesting this data graphis seems doesn't take in account the role of polymarket and others prediction markets...

[stompix]

Currently, sports betting for almost a third of the global sports industry, which is worth $417 billion. These are incredibly large numbers in the world of sports contracts, sports advertising, sponsorships, media, and other money in the world of sports. But is this information about 1/3 of the industry shocking to you?

Nope..
Once you break it it's like $20 per capita for the whole world or 5 cents a day per person.
Also, Apple's revenue is bigger than all of that, so it means people spend more on Apple products than on all of sports industry and 3 times more than they spend on betting.
Let's assume the betting industry is running at a 10% profit margin, so the world loses on betting 1/20 of what they spend on iPhones! 

[Shinpako09]

I’m not surprised that betting is ahead, what surprises me is the gap. It’s a big gap, and I didn’t expect it. It just shows how easily accessible betting is these days. A lot of people love sports, and even those who don’t play still enjoy them. It feels like betting has become a normal part of being a sports fan, especially in the sports they really like. Whether we like it or not, the next generation will be more exposed to gambling. Those numbers will only keep growing as time goes by.

[Agbe]

Sports betting is ancient, and it's a type of gambling game that I believe will continue to grow further into the future because football and other types of sports is not something that can die.

The crowd football gathering in the world is more than other game activities. Football has more fans compared to other games. Football is used to entertain and to know which of the community has more skillful players. In those day communities use that to entertain themselves and from there people started betting with it. Betting in football started with argument in my area. This team would win and that would not win so argumentators started betting on their favorite teams to win and from there gambling grows.

[freedomgo]

Think of it this way. Sports betting was the first one introduced to people, and it’s still the most reliable when it comes to verifying outcomes. Those teams and leagues have reputations to protect, and we’re talking about billion dollar industries here.

So if we compare it to others, the answer is already clear. Sports betting will continue to dominate that list consistently. I believe it’s been like that from the very start, and honestly the competition isn’t even close.