According to Global Sports Betting Market Size & Growth Report, 2030, the global sports market is estimated at about USD 76.75 billion in 2021 and can grow up to 10.2% by 2030. Sports is one of the most popular forms of entertainment and online gambling is another popular source of entertainment. And these two sources of entertainment come together to make an industry of sports betting, which has again a soaring popularity in the world.
No sport is left untouched by the betting industry. Many countries have legalized it, while some have strict laws to eliminate sports betting. Let us look at some of the most popular sports that people bet the most on.
Soccer is one the most popular sports in the world, with over £1 billion bets in the UK alone. It is the sport that tops the charts of most betted sports. It witnesses the biggest betting volume during the FIFA World Cup, which is a tournament that is held after every four years. Each tournament has estimated about $260 million placed bets.
If you watch cricket, then you might know about the popularity of the sport. It is the fifth most betted sport in the world. You can get an idea from the fact that about 140 million people in India bet regularly, while during the Indian Premium League, the figure can just double. There are multiple platforms that provide cricket betting tip free and allows you to bet on your favorite teams.
Tennis is an individual sport that sees a lot of betting because of its popularity. There are many tennis tournaments held every year, that witness bets from around the world and make it the fourth most betted sport. Tournaments with popular players like Nadal, Federer, Naomi, and many more have the most bets.
With leagues like NBA and players like Stephen Curry, Kobe Bryant, Michael Jordan, and many more, the popularity of basketball has just soared higher and higher not only in America but all around the world. With soaring popularity, it has also seen a surge in online bettings. It is the third most betted sport in the world. About ten million dollars are wagered in a one-month tournament to become national champions.
Football is the most betted sport in the USA, but it stands at second position in the most betted sports in the world. The Super Bowl tournament in 2018 witnessed the most number of bets which was $158.6 million worth. It is the single most betted tournament in the USA.
The world is filled with sports enthusiasts who are eager to place their bets on their favorite teams and players. The digital era has made sports betting very accessible to everyone, which is leading to a surge in the online betting industry. Other popular sports that have a significant betting industry are horseracing, golf, and rugby. Sports betting can be a fun activity for a sports fanatic, but if not done with proper analysis, it can cause a lot of financial loss.