- Sports Betting Countries Live
- Online Sports Betting Legal Countries
- Biggest Sports Betting Countries
- Sports Betting Countries List
- Sports Betting Countries Vs
Indian Casinos Move Slowly with Sports Betting
A popular part of the world for offshore banking, the country of Antigua and Barbuda was one of the first regions to establish itself as an online gambling jurisdiction. The Antigua Directorate of Offshore Gambling began issuing licenses to gaming and betting companies back in 1994, and at one time they had more licensees than any other. According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy. Country Specific Gambling Laws. Online betting is the process of placing real money wagers on sports, casino games, poker or other games of skill or chance through the internet or mobile/tablet. Each country and state within that country or territory may have specific laws pertaining to online betting.
States with Sports Betting
Sixteen states have legalized sports betting.
Countries With Legal Sports Betting. There are dozens of countries all over the world offering legal sports betting to their residents. Global sports betting is a roughly $150 billion yearly industry, and dozens of countries have either recognized or begun to recognize its potential economic benefits. Sports betting losses are tax-deductible, but under very specific conditions. The most important of these conditions is that you can’t claim losses that total more than your gains. So, if you lost $5,000 on sports betting last year but took home $7,000 in the end, you’d be able to deduct all of those losses.
Dates shown are the months when sports betting legislation became law. Effective dates may be pending for some states on this list.
- Nevada (1949)
- Delaware (June 2018)
- New Jersey (June 2018)
- Mississiippi (August 2018)
- West Virginia (September 2018)
- New Mexico (October 2018)
- Pennsylvania (November 2018)
- Rhode Island (November 2018)
- Montana (May 2019)
- DC (May 2019))
- Indiana (May 2019)
- Iowa (May 2019)
- Tennessee (May 2019)
- New York (June 2019)
- Illinois (June 2019)
- Arkansas (July 2019)
- New York (July 2019)
- Oregon (August 2019)
Updated July 1, 2019
Only 2 Indian Casinos Offer Sports Betting in 2018
There was great enthusiasm in the Indian gaming industry when the U.S. Supreme Court rejected state banning of sports betting. However, since that judicial decision in May 2018, there have only been a few states to enact sports betting legislation and only two Indian casinos to open sports books.
Many tribes welcome the new business opportunity but have concerns about regulatory challenges, the low profit margins and state appovals. Also, many Indian casinos are not in an advantageous location to make it a viable business.
The first tribe to offer sports betting was the Mississippi Band of Choctaw Indians at their Pearl River Resort in Choctaw, Mississippi. The second was the Santa Ana Pueblo at their Santa Ana Star Casino Hotel near Albuquerque, New Mexico.
PEARL RIVER RESORT
Highway 16 West
Choctaw, MS 39350
866-44PEARL
The Mississippi Band of Choctaw Indians were the first to open a sports book within an Indian casino not in Nevada. The Pearl River Resort opened sports betting Aug 30, 2018 at its Siver Star Hotel & Casino and Golden Moon Hotel & Casino.
SANTA ANA STAR CASINO
54 Jemez Canyon Dam Road
Santa Ana Pueblo, New Mexico 87004
(505) 867-0000
The Santa Ana Pueblo opened its sports book at the Santa Ana Star Casino on Oct 16, 2018, New Mexico does not have sports betting lregulations, but terms in the gaming compact between the state and the tribe allows the tribe to operate every types of Indian gaming regulated by the U.S. Interior Department.
Many more tribes are preparing to introduce sports betting at their casinos during 2019.
News Headlines
Pearl River Resort Celebrates First Year of First Native American SportsbookSeptember 4, 2019 - The Mississippi Band of Choctaw Indians were the first tribe in the nation to open a sportsbook in their casino on Aug 30 last year. ... Read moreOregon readies mobile sports bettingAugust 5, 2019 - Oregon Lottery will launch its new mobile sports betting app and website later this month. It is named the Oregon Lottery Scoreboard and will go live prior to the first game of NFL regular season.... Read moreOneida Nation launches sports betting at Turning Stone and Point Place casinosAugust 2, 2019 - Two Oneida casinos officially opened their sports betting lounges yesterday. Yellow Brick Road Casino will follow later this fall.... Read moreSeneca Nation and sports bettingJuly 23, 2019 - The Seneca Nation announced its legal right to open sports betting at its casinos in Niagara Falls, Buffalo, and Salamanca despite a $255M revenue conflict with the state.... Read moreSports betting began today in New YorkJuly 16, 2019 - The first sports bet in New York State history was placed today at the Rivers Sportsbook inside the Rivers Casino & Resort. Sports betting at seven other New York casinos will soon follow.... Read moreArkansas Launches Sports BettingJuly 2, 2019 - Oaklawn Racing Casino Resort is the first of four casinos in Arkansas to launch their sports book. Tellers and kiosks opened July 1 in the VIP racing area of the casino.... Read more Illinois Authorizes Sports Betting & Six New CasinosJune 29, 2019 - Illinois Gov. Pritzker has signed into law a $45B infrastructure bill that includes a massive gambling across the state. The new law legalizes sports betting, authorizes six new casinos, adds... Read moreIllinois Authorizes Sports Betting & Six New CasinosJune 29, 2019 - Illinois Gov. Pritzker has signed into law a $45B infrastructure bill that includes expanding gambling in the state. It legalizes sports betting and authorizes six new casinos.... Read moreBill Would Allow Sports Betting at Washington Indian CasinosFebruary 11, 2019 - Sports betting would only be authorized for Indian casinos in Washington if this bill passses. Bets could be placed on professinal and collage sports but only inside the casino.... Read moreMinnesota Tribes Oppose Sports Betting LegislationJanuary 18, 2019 - The Minnesota Indian Gaming Association has notified all top government leaders of its opposition to sports betting in this year's legislative session.... Read moreArizona Bill Would Legalize Sports Betting at Indian CasinosJanuary 24, 2019 - A State Senate Bill has been introduced to legalize sports betting at Arizona Indian casinos. It specifically excludes commercial venues because that violates tribe gaming compacts.... Read moreSanta Ana Star opens first sports book in New MexicoOctober 10, 2018 - The first legal sports book in New Mexico opened on October 16 at the Santa Ana Star Casino & Hotel. Sports wagering is now available on NFL, MLB, NBA, NASCAR, and college games.... Read moreChoctaw Indians open First Tribal Owned & Operated SportsbookAugust 31, 2018 - Sports betting opened August 30 at Timeout Lounge in the Pearl River Resort. The Sportsbook at Timeout Lounge is a smoke free area with 20 TVsSports Betting Countries Live
... Read moreMississippi legalizes sports bettingJune 22, 2018 - In 2017 Mississippi changed the state law to approve sports betting along with fantasy sports in anticipation of the federal law being changed.... Read moreRhode Island Legalizes Sports BettingJune 22, 2018 - Gov. Gina Raimondo has signed her approval to legalize sports betting in Rhode Island. Sports wagering could begin operation of the game within three months.... Read moreSports betting is open in New JerseyJune 14, 2016Online Sports Betting Legal Countries
- Sports betting has begun in New Jersey. The first sports wagering occurred June 14th at Monmouth Park Racetrack.... Read moreOneida Nation Opposes NY Sports Betting BillJune 14, 2018
- Oneida Nation believes sports betting anywhere other than their Point Place Casino and Turning Stone Resort is a state violation of the tribe's gaming compact... Read moreMS Choctaw casinos will offer sports bettingJune 12, 2018 - Sports betting will soon be offered at Bok Homa Casino, Silver Star Hotel and Casino, Pearl River Resort, and Golden Moon Hotel and Casino.... Read moreNew Jersey Legalizes Sports Betting Opens JuneJune 11, 2018Biggest Sports Betting Countries
- New Jersey has legalized sports betting at both casinos and racetracks. It is expected to be implemented quickly throughout the state.'... Read moreGov. Malloy will negotiate sports betting with Pequot and Mohegan tribesMay 22, 2018Sports Betting Countries List
-
Gov. Dannel P. Malloy is interested in forming a new gaming compact with the state's tribes to add revenue sharing and control over sports betting.... Read moreCalifornia tribes say sports betting is their exclusive right under their Gaming Revenue Act of 2004May 22, 2018 - Several tribes are preparing to sue the State of California to assert the rights on sports betting based on a 2004 vote.... Read moreNIGC Statement on the Supreme Court ruling on Sports BettingMay 15, 2018 - (PRESS RELEASE) The National Indian Gaming Commission of the U.S. Interior Dept issued a statement of support to those tribes seeking to offer sports wagering on their lands.... Read moreCNIGA Statement on the U.S. Supreme Court Allowing for Sports WageringMay 14, 2018 - PRESS RELEASE: The California Nations Indian Gaming Association (CNIGA) has released a policy statement regarding sports wagering in California.... Read moreTurning Stone Casino will add sports betting
May 14, 2018 - The Oneida Indians are preparing to offer sports betting at their Turning Stone Casino and intend to introduce it very soon.... Read moreNational Indian Gaming Association Supports Sports BettingApril 25, 2018 - The federal office of the National Indian Gaming Association (NIGC) issued a resolution in support of Sports Betting while protecting American Indian owned casinos.... Read moreSports Betting at Indian Casinos is Coming?
February 21, 2018 - A decision is pending in the U.S. Supreme Court that could determine the future of tribal owned sports betting. A favorable ruling would give states the right to regulate sports betting in their state.... Read moreIndian Gaming and Sports Betting
February 15, 2018 - Many tribes have gaming compacts with their state governments that allow for gaming exclusivity. This could give them a majority role in the sports betting pending the Supreme Court ruling.... Read moreWill Indian Casino Tribes Fight Expansion of Sports BettingJanuary 9, 2018 - A major issue revolving around sports betting has to do with Indian Tribal gaming. Tribes have control of sports betting in California, Connecticut, and Florida... Read more
News Articles
Sports betting is open in New Jersey
June 14, 2018
On Thursday the first betting facility to offer sports betting took the first bet. It took place at Monmouth Park Racetrack. A $20 wager was placed on Germany to win the World Cup by Gov. Murphy. He also placed another $20 bet for a 2019 championship for the New Jersey Devils.
The legalization of sports betting has been an ongoing lawsuit for nearly 8 years. Last month the United States Supreme Court ruled to overturn the law. This gave permission to states to decide if the game should be operated at the casinos in their states. In addition to New Jersey, Delaware is also about to begin offering the game. More states are expected soon to also start sports betting operations. This includes New York and Pennsylvania
New Jersey has been supportive of the legalization of sports betting. The state's casino industry has suffered for the last few years. The addition of sports betting is seen as a way to add additional revenue source to the industry. The new game has been estimated to earn the state millions in annual taxes.
13,000 additional jobs will be created from the operation of sports betting.
The first casino to offer sports betting was the Borgata in Atlantic City. 30 minutes after Monmouth Park Racetrack took their first bets, the Borgata began taken bets.
Gambling fans celebrated the ruling by the U.S. Supreme Court. Previously Nevada was the only state that offered Sports Betting.
On June 28 the Ocean Resort Casino opened. It is located in the previous Revel Casino location. A sportsbook is being developed at the center of the casino. A date to begin offering Sports Betting has not been announced. By NFL season the Golden Nugget is also expected to begin offering the game. Next month Meadowlands Racetrack will begin Sports Betting operations.
Back Full Page >Sports Betting at Indian Casinos
New Jersey Legalizes Sports Betting Opens June
June 11, 2018
On Monday sports betting was legalized in the state of New Jersey. Gov. Philip D. Murphy signed the bill in private. Afterwards an email was sent to news outlets announcing the approval. Gaming will be allowed to start this Thursday.
Sports betting will be allowed to be operated at both casinos and racetracks.
The licensing at racetracks will be regulated by the New Jersey Racing Commission. On Wednesday the commission is scheduled to meet. Sports betting operators are expected to begin submitting their requests. It is possible that the licenses will be approved during this time.
The New Jersey Division of Gaming Enforcement regulates the casinos in the state. Reviewing applications, enforcing regulation, and approving licenses for the sports betting is also expected to quickly begin.
Currently, the Borgata Hotel Casino and Spa is expected to be the first casino ready to begin offering sports betting. The horse racing track owned by the casino has previously turned some of the betting windows into a sports betting site. This is a temporary arrangement. A permanent will be added at a later time. The casino hotel is owned by MGM Resorts International.
Plans to develop space to operate sports betting is being planned at the other six casinos in Atlantic City.
After the bill was singed, online sports betting can start 30 days later.
It has taken many years for the approval of sports betting to pass. The U.S. Supreme Court ruled last month that the previous law would be overturned and lifted the ban on nationwide sports betting. On Thursday the bill was approved by the New Jersey law makers. However, the bill needed final approval from the governor before it could become law.
Back Full Page >Sports Betting at Indian Casinos
NIGC Statement on the Supreme Court ruling on Sports Betting
NATIONAL INDIAN GAMING COMMISSION
May 15, 2018
PRESS RELEASE
For Immediate Release
Media Contact: Mark Gaston
(202) 632-7003
NIGC Statement on the Supreme Court ruling on - Murphy v. National Collegiate Athletic Association
As questions arise from the Supreme Court ruling on - Murphy v. National Collegiate Athletic Association the NIGC is issuing the following statement.
Gaming by tribal nations as a means of generating governmental revenue initially began as an exercise of the inherent authority tribal nations have over their lands and predated the Indian Gaming Regulatory Act of 1988. While IGRA set forth a statutory framework for the regulation of Indian gaming, it explicitly recognized that a principal goal of federal policy is to promote tribal economic development, tribal self-sufficiency, and strong tribal government.
In the nearly 30 years since IGRA was passed, the Indian gaming industry has grown, matured, and evolved in ways that almost no one could have predicted at the time. And while that growth is due primarily to the ingenuity and hard work of the tribal communities that built the industry, it has occurred in the context of a piece of legislation that was enacted with core tribal self-determination goals in mind. The NIGC takes seriously its role to regulate the Indian gaming industry to ensure these goals are achieved.
The NIGC understands the unique and often complex nature of tribal gaming and the difficult questions it sometimes poses related to issues such as jurisdiction and permissible gaming. Moreover, we have worked with gaming tribes on a daily basis and have developed a deep knowledge of the industry. Should new opportunities be made available through legislative changes, we are prepared to continue to fulfill our statutory responsibilities to regulate gaming on Indian lands.
As Federal regulators, we have learned first-hand that there is tangible benefit to having tribes, as primary regulators, driving decisions as to how gaming will operate on their own lands. As Federal and State Governments consider how to address sports betting in light of yesterday's decision, we anticipate that Tribes will be given a seat at the table to voice their positions, bring their perspectives and collective expertise, and maintain regulatory and operational control over all the gaming that occurs on their lands.
Back Full Page >Sports Betting at Indian Casinos
National Indian Gaming Association Supports Sports Betting
April 25, 2018
A resolution that would support sports betting was approved last week by the National Indian Gaming Association. However, that approval comes with conditions that would protect Native American owned casinos and their futures.
Currently Nevada is the only state where sports betting is legal. The nationwide law is being challenged. It is possible that other states will begin allowing sports betting.
As of January, of this year, it was unclear if the change in the law would be supported by the National Indian Gaming Association.
When a new tribal owned casino is proposed, the tribe and the state enter into an agreement called a gaming compact. The compact outlines how the casino operation and how tax revue money made from the gaming will be spent. This is required under the Indian Gaming Regulatory Act.
Sports betting is a new category of gaming that would be a new venture for many states. If the current law is changed, this would bring a new challenge to tribal gaming. Legal battles would occur to determine who has the gaming rights to the game. That could depend on the current laws within those states.
The National Indian Gaming Association sports betting framework outlined the terms that would be accepted. There are nine elements.
Gaming compacts must be protected under the Indian Gaming Regulatory Act. Also, the Act should not be amended. Revenue made from sports betting would not be taxed if operated at a tribal owned casino. Tribal governments have to be acknowledged as such and given the authority to be able to regulate the games. Sports betting websites owned by Native American governments may be accessible by guests as long as sports betting is legal where they are located. The economic impact of sports betting must be beneficial for the tribal governments. Responsible gaming must be protected for the guests as well as maintain the integrity of the game. Online gaming and mobile gaming would follow the same principles. Native American tribes would be allowed to have access to multiple markets under any regulation set by the federal government.
There are close to 250 tribal owned casinos in the United States.
Back Full Page >Sports Betting at Indian Casinos
Sports Betting at Indian Casinos is Coming?
February 21 2018
The future of sports betting in the United States is in question. It is being heard by the Supreme Court and a ruling is coming on the Christie v. National Collegiate Athletic Association. The outcome of the decision could determine the future of tribal owned gaming.
In 1992 the Professional and Amateur Sports Protection Act went into effect. The law prevents sports betting from being approved or sponsored by either tribes or states. Some states were allowed to grandfather in their laws that allowed sports wagering. However this federal law is being challenged by the state of New Jersey. This issue is over if the Act is constitutional.
On December 04, 2017 arguments began being heard.
If the court sides with New Jersey, then tribes and states would have the right to approve sports betting. However, it would not federally authorize sports betting country wide.
The Indian Gaming Regulatory Act oversees the regulations of tribal gaming including the future of sports betting operated by tribes. Under the IGRA tribes can operate commercial casinos. However only certain types of gaming can be conducted at these casinos based on the type of gaming that is approved by the state were they are located.
It is uncertain what type of gaming category that the sports betting would fall under and if that would be approved by the state. If it is not approved by the state, then the tribes cannot operate that type of gaming.
However, the tribes believe that they alone should have the authorization to approve which types of games they operate. Not the state they are located in.
Back Full Page >Sports Betting at Indian Casinos
Indian Gaming and Sports Betting
February 15, 2018
Last week ICE Totally Gaming was held in London. The future of sports betting and tribal gaming was a large topic at the convention. There was a panel held for the topic called 'understanding the opportunities and complexities of rolling out sports wagering for tribal casinos'. During this panel it was mentioned that many of the existing business partnerships they have prefer to work with Native American tribes because they can move faster on projects and trying new platforms than state approved casinos.
The state of New Jersey has expressed interest in offering sports betting.
American Indian Tribes have the majority role in the sports betting and gaming industry. Many tribes have compacts that allow for gaming exclusivity. However, states are looking at ways to increase tax revenue and gaming is of interest.
The United States has 248 tribes that have a gaming operation. They are located in 29 states. In order for these tribes to operate gaming, there has to be an agreement made between the tribe and the state. The agreement describes issues like what types of games will be offered, tax payments, regulations, and more. This is done under the Indian Gaming Regulatory Act.
There are different terms and conditions formed with the compacts. This is because each compact in an individual negotiation.
Some of those compacts have exclusivity clauses. Meaning, only that tribe can offer that type of game. If a state becomes interested in offering sports betting, the matter becomes very complicated.
The verdict over allowing sports betting around the country is expected by the end of the year from the Supreme Court.
Back Full Page >Sports Betting at Indian Casinos
Will Indian Casino Tribes Fight Expansion of Sports Betting
Jan 09, 2018
It is possible that as early as June of this year that sport betting could be allowed in each state. The U.S. Supreme Court is expected to make a decision that would allow for individual states to choose if they want to allow sports betting.
A major issue revolving around sports betting has to do with Indian Tribal gaming. It is a $100 billion industry. Currently Native American tribes have control of sports betting in California, Connecticut, and Florida. There are also a few areas in in the mid-west, including Oklahoma, where the controlling power is the National Indian Gaming Association (NIGA).
The NIGA wants to be able to have a say in the future of sports betting.
Recently there was a report that was released by the American Gaming Association (AGA) about how tribal gaming effects each state's economy. The report was titled 'The Economic Impact of Tribal Gaming: A First-Ever State-by-State Analysis'.
The report revealed that tribal gaming contributes employee salaries of $33 billion. It has also created and supports 635,000 jobs. The federal, state, and local governments have received $16 billion in taxes from gaming at tribal casinos. In total there are 485 tribal owned casinos. There are 565 tribes involved with the operation of 244 gaming venues. There are 28 states with tribal owned casinos.
States are not interested in risking the loss of tax revenue earned from Native American casinos.
The Seminole Tribe of Florida own and operate the Hard Rock Casino brand. They have entered into law suits where other forms of gaming can affect their casinos' business.
Previously there was a proposed bill in Florida that would have allowed for daily fantasy sports. A formal letter of complaint was issued by the tribe in order to stop the bill from passing. Under their compact with the state, they have exclusive rights to gaming. This includes the decision of what types of gaming to offer.
The courts sided with the Seminoles and the gaming compact was defended.
In other states where tribes have exclusive rights to what games are offered, allowing sports betting and other forms of gambling can be complicated. This includes forms of online gaming.
California is currently considering sports betting and online poker. It is being debated over who will be allowed to operate it.
The state is undergoing very large casino expansion projects.
The Pechanga Resort & Casino is spending $285 million in expansion and renovations. $170 million is being spent by the Pala Casino Resort and Spa for their projects. A new hotel tower with 500 guest rooms is planned for the San Manuel Casino.
Many Native American tribes that have casino operations are preparing for potential lawsuits if their state begins to offer sports betting. The tribes will sue in order to protect their businesses.
Back Full Page >Sports Betting at Indian Casinos
VOTED #1
Most Popular Online Casino USA
Most players - Most visits
CASINO • LIVE DEALER • POKER • SPORTSBOOK • RACEBOOK
$3,000 Casino Welcome Bonus- 100% Match Bonus redeemable 3 times up to $3,000 total. 300+ Games, Leaderboards, Live Dealers, MobileLive Dealer GamesPlay Blackjack, Baccarat, Roulette or Super 6 with a live dealer. Get either the casino or the bitcoin welcome bonus.
Sports Betting Countries Vs
$500 Poker Welcome Bonus - '#1 Online Poker Room in U.S.' Get 100% Match Bonus up to $500. Deep player pools. deep prize pools, hundreds of weekly tournaments, mobile.$250 Sports Welcome Bonus- 50% Match Bonus up to $250 on first deposit. Live betting, live odds, bitcoin promo, mobile betting.Bitcoin Welcome Bonus- Get more bonus with bitcoins. 150% Bitcoin Casino Match Bonus up to $1,500 redeemable three times plus 50% Bitcoin Match bonus up to $500 on sports.Disclaimer: All images are copyright to their respective owners and are used by 500 Nations for informational purposes only.
500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.
Dublin, Aug. 31, 2020 (GLOBE NEWSWIRE) -- The 'Sports Betting Market - Forecasts from 2020 to 2025' report has been added to ResearchAndMarkets.com's offering.
The sports betting market was valued at US$85.047 billion in 2019.
The sports betting market is projected to witness considerable growth primarily on account of the inclination of the governments of numerous countries towards the legalization of sports betting. Furthermore, the rising penetration of various legal online platforms in some countries is also further supplementing the sports betting market growth in the near future.
The market is also poised to grow on account of the rising popularity of international sports events around the globe coupled with the increasing popularity of high-end sports such as cricket, soccer, baseball has gained a lot of traction in the past years, which has led to a decent increase in the sponsorships for clubs, teams, players.
Additionally, the rising investments by numerous sports organizations in marketing and promotional activities have led to increased investments by major betting companies in providing sponsorships for sports teams around the globe. Thus, the rising commercialization of sports events is considered to be a key factor that is expected to positively impact the market growth during the next five years.
The rising consumer expectations have led to the constant participation of key players of the market in the form of partnerships, collaborations, agreements, and R&D for the launch of various platforms to cater to the rising consumer expectations. For instance, recently in June 2020, Sportech PLC a leading market player in the gaming technology industry of the world announced its strategic partnership with a French gaming operator ZeTurf, the aim of this partnership was to deliver attractive and alternative options for betting on French racing.
Similarly, in May 2020, the company announced a successful launch of Tote Betting services in Moscow for client Pari Engineering Rus. Furthermore, the growing partnerships between high end-resorts and casinos with leading market players for availing their services also shows the potential for the market to grow in the near future.
For example, in February 2020, William Hill, a leading sports betting company entered into a long-term partnership agreement with the Grand Traverse Band of Ottawa and Chippewa Indians (GTB), a federally recognized Indian tribe for exclusively providing online sports betting and online casino gaming throughout Michigan. Also, during the same month, the company also entered into a partnership with CBS Sports with an aim to increase the reach to millions of new sports fans and fantasy players by extending its leadership in sports betting content.
Moreover, in February 2019, Churchill Downs Incorporated entered into a partnership agreement with Golden Nugget Casino for the launch of its BetaAmerica online real-money sports betting and online casino platform in New Jersey.
However, the sports betting market may be restrained by the fact that still sports betting is considered to be an illegal activity in some parts of the world. Also, the recent outbreak of the novel coronavirus is expected to be a major factor inhibiting the market growth during the short run as the intense outbreak has led to enforcement of directives by the WHO such as social distancing and quarantine measure in almost every country of the world.
This has led to the temporary suspension or cancellation of all the major sports events at international, regional, and national levels that include, football, hockey, marathons, cricket, basketball, and more. This is considered to be one of the prime factors that is projected to hamper the market growth for the next ten to eleven months.
Growing legalization is offering lucrative opportunities
One of the major factors that is propelling the market growth opportunities is the rising government initiatives for the legalization of sports betting with an aim for the generation of revenue. For instance, in 2018 sports betting for the first time was legalized in New Jersey. Furthermore, the inclination of governments of various developing countries such as India and Brazil among others to tap the potential of revenue that the sports betting industry holds is considered to be a prime opportunity for the market to grow in the near future. For example, in 2018, the Law Commission of India stated in its report the recommendations for legalizing sports betting in the country.
The global sports betting market has been segmented on the basis of platform, sport, and geography. By platform the segmentation of the market has been done on the basis of online and offline. By sport the market has been classified into cricket, FIFA, horse racing, and others. Geographically, the segmentation of the sports betting market has been done into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Online segment to witness a decent growth
By platform, the online segment is projected to witness a healthy growth during the next five years. The rapid internet and smartphone penetration coupled with the launch of new online betting platforms are some of the key factors bolstering the growth of this segment throughout the forecast period.
Europe to hold a notable share
Geographically, the European region is anticipated to hold a substantial share in the market throughout the forecast period primarily on account of the legalization of betting in several European countries. Also, investments by players in countries of this region for expansion of services further supplement the market growth in Europe during the next five years.
Competitive Insights
Prominent key market players in the Sports Betting market the 888 Group, Kindered Group plc, Wiliam Hill PLC, and Churchill Downs Incorporated among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the Sports Betting market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Key Topics Covered
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Sports Betting Market Analysis, By Platform
5.1. Introduction
5.2. Online
5.3. Offline
6. Sports Betting Market Analysis, By Sport
6.1. Introduction
6.2. Cricket
6.3. FIFA
6.4. Horse Racing
6.5. Others
7. Sports Betting Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East & Africa
7.6. Asia-Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. the 888 Group
9.2. Kindred Group plc
9.3. William Hill plc
9.4. Churchill Downs Incorporated
9.5. Sportech plc
9.6. The Stars Group Inc.
9.7. Webis Holdings plc
9.8. Flutter Entertainment plc
For more information about this report visit https://www.researchandmarkets.com/r/lkiuog
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.