The global sports betting market was valued at over $200 billion back in 2019. The market’s value decreased slightly in 2020 due to the Covid-19 pandemic, while in 2021 it got back on its feet and according to the latest predictions, it will be valued at around $210 billion by the end of this year. 2021 was and still is an excellent year for all sports bettors as all major sports leagues and competitions resumed their normal schedule after most events were either postponed or canceled altogether in 2020.
Thanks to more lenient gambling laws and regulations and more favorable sports betting environments across the globe, the sports betting industry is expected to grow at an excellent rate of over 10% in the years to come. If you will be engaging in sports betting industries soon, make sure you first check out our tips and tricks for boosting your winning odds that are explained in detail further.
Guide to Sports Betting in 2021
Over the past several years, the sports betting industry has turned into one of the most profitable industries in the world with hundreds of different sports betting operators offering their services and products. With sports betting activities legal in many countries, thousands and even millions of fans of sports are looking forward to exploring all of the great benefits of online sports betting.
For the best sports information, check this website that covers everything you need to know on the top-rated sports betting sites, the best sports to bet on, and everything else that may interest you.
In 2021, sports betting activities are legal across the globe including several US states that jumped on the opportunity to legalize sports betting following the US Supreme Court’s decision from 2018. In just three years since the US Supreme Court’s ruling, the number of legal sports betting operators in the United States has quadrupled. According to a report by Legal Sports, US sports bettors have invested over $65 billion in these activities since 2018 when the professional and Amateur Sports Protection Act was deemed unconstitutional by the Supreme Court.
In only three years, almost half of all states have legalized sports betting activities within their borders and the United States opening doors to legal sports betting is one of the biggest milestones for the sports betting industry as lawmakers from several other countries decided to follow. Speaking of the US sports betting industry, sports betting activities are perfectly legal in Nevada, New Mexico, Mississippi, West Virginia, New Jersey, and Delaware among other states.
As of 2021, sports betting activities are also legal in many other countries across the globe, including Ireland, the United Kingdom, South Africa, Ghana, Australia, and New Zealand. Surprisingly, the Land of the Rising Sun is home to the biggest sports betting market followed by sports betting markets in Australia and the United Kingdom. On the list of the biggest sports betting markets is also the United States whose market is expected to grow even at a more rapid pace in the years to come as more states jump on the bandwagon.
Leading Sports Betting Operators in 2021
The top ten biggest sports betting companies by revenue in 2021 are 888 Holdings, Kindred Group, Playtech, William Hill Plc. the Stars Group, Flutter Entertainment, Scientific Games, International Game Technology, GVC Holdings, and Bet365.
Based in London, the United Kingdom, International Game Technology generates over $4.6 billion in revenues in 2020, and according to the latest projections, its revenues for 2021 will surpass $4.8 billion.
GVC Holdings based in Douglas, the Isle of Man appears second on the list of the leading sports betting companies as its revenues generated last year surpassed over $4.3 billion. Third on the list is one of the most prominent UK brands, Bet365 that back in 2020 accumulated over $3.9 billion in revenues.
Next comes Scientific Games based in Las Vegas, the state of Nevada. Scientific Games made over $3.3 billion back in 2020 from revenues. Fifth on the list is Dublin-based Flutter Entertainment.
The company generated over $2.6 billion from revenues in 2020. The Stars Group based in Ontario, Canada collected over $2 billion from revenues. Playtech appears eighth on the list of the leading sports betting brands with over $1.7 billion collected in revenues last year.
Ninth is Kindred Group based in Malta with over $1.2 billion collected in revenues followed by Gibraltar-based 888 Holdings that generated over $560,000,000 in revenues last year.
The Biggest Sports Betting Events
In 2020, the sports betting community missed out on many highly anticipated sports events that were canceled due to the Covid-pandemic. Fortunately, this year was much better in terms of major sports events that took place in the last eleven months. One of these is definitely the Super Bowl LV that decided the NFL’s Champion for the 2020/2021 season.
Back in February, the Australian Open took place after it was postponed several times. The opening game of the Rugby Union Six Nations took place on the 6th of February. This year, sports betting fans also enjoyed the UEFA Champions League as well as Copa America. After being delayed several times, the Tokyo Olympic Games finally welcomed the world’s best athletes in August this year.