Sports Betting Market in GCC Growth Rate Projected to Exhibit a CAGR of 11.22% During 2023-2028

IMARC Group, a leading market research company, has recently released a report titled “GCC Sports Betting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the GCC sports betting market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the GCC Sports Betting Market?

The GCC sports betting market is projected to exhibit a growth rate (CAGR) of 11.22% during 2023-2028.

What is Sports Betting?

Sports betting is the activity of predicting sports results and placing a wager on the outcome. It is a popular form of gambling that involves placing bets on various sports such as football, basketball, baseball, soccer, and more. Moreover, sports betting involves individuals predicting the outcomes of sporting events and staking their money based on these predictions. The appeal of sports betting lies in its ability to transform any sporting event, from the most high-profile championships to local competitions, into an exciting and potentially lucrative experience. The different types of sports betting include money line betting, point spread betting, totals (over/under) betting, parlay betting, teaser betting, futures betting, proposition (prop) betting, in-play (live) betting, exchange betting, and Asian handicap betting.

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What are the Growth Prospects and Trends in the GCC Sports Betting Industry?

The increasing popularity of various sports events like football, camel racing, and tennis have garnered substantial attention, drawing in sports enthusiasts and creating a substantial market for sports betting. In addition to this, the rising affluent population across the GCC region with high disposable incomes is contributing to the consumer's interest in entertainment and leisure activities which is further fueling the market growth. Besides this, the penetration of smartphones and internet connectivity is influencing consumers to engage in sports betting thereby proliferating its market growth. In line with this, betting companies in the region are actively promoting their services through partnerships with sports teams and events which in turn is impelling market growth. Furthermore, the perception of sports betting is gradually shifting from a taboo or vice to a form of entertainment and leisure which is further boosting market growth.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

What is Included in Market Segmentation?

The report has categorized the market based on platform, betting type, and sports type.

Platform Insights:

  • Offline
  • Online 

Betting Type Insights:

  • Fixed Odds Wagering
  • Exchange Betting
  • Live/In Play Betting
  • Pari-Mutuel
  • eSports Betting
  • Others

Sports Type Insights:

  • Football
  • Basketball
  • Baseball
  • Horse Racing
  • Cricket
  • Hockey
  • Others

Country Insights:

  • Saudi Arabia
  • UAE
  • Qatar
  • Bahrain
  • Kuwait
  • Oman

Who are the Key Players Operating in the GCC Sports Betting Market?

The report has also provided a comprehensive analysis of the competitive landscape in the market.

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Key Highlights of The Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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