Sports Betting is getting bigger and bigger
The total value of the global sports betting market is difficult to estimate because of the lack of consistency in how it is regulated in some parts of the world. Some estimates put the value of the sports betting industry at between 600 billion EUR and 900 billion EUR. Illegal sports betting alone could be worth 500 billion EUROS according to some estimates.
According to to some sources sports betting makes up about 15 percent of the global gambling market, which also includes lotteries, casinos, gaming machines, bingo and other gaming. The gress win in global gambling system is estimated at more than 400 billion EUROS. Gross win from gambling represents the amount of money the gambling operation keeps from the customer’s stakes, wagers, bets etc. less the winning paid out to the customer and before deducting operating expenses. With about one third of the global gambling gross win, Asia is the biggest market for gambling and sports betting.
Gross win from online sports betting reached about 15.5 billion 11.5 billion euros in 2012. An estimate from several years back projected a gross win of only around 6 billion Euros.
|Sports Betting Providers & Online Betting||Values||Statistic|
|Size of the online gaming market||$37.6bn|
|Global online gambling gross win||€23.66bn|
|William Hill’s sports betting iPhone app market share in the UK||38%|
|Paddy Power’s overall revenue||$922m|
|Total amount wagered by bet365||$32bn|
Sports Betting in the UK Values Number of employees in the betting sector in the UK 54,858 Gross over the counter revenue at sports betting shops in the UK £1301.7m Number of betting shops operated by William Hill in the UK 2,347 Number of betting shops operated by Ladbrokes in the UK 2,227