Monthly Newsletter of Sports Economics : Ekospor - Issue #36 Sports Betting
Sports Betting
Sports Betting ?
Sports betting, form of gambling that involves wagering on sports.
Sports betting is one of the most popular forms of gambling because it taps into the passion of sports fans. A bet placed on a race or a game allows fans to prove their knowledge of a sport or to show their loyalty to a particular team or competitor. In addition to promoting camaraderie among friends, sports betting can enliven otherwise boring or one-sided contests when handicapping systems offering odds and point spreads increase the bettors’ stake in the competition.
Although legal sports betting is increasingly common, wagering on athletic competitions is often illegal and is conducted through bookmakers, also known as bookies (operating as individuals or for crime organizations), casinos, Internet gambling operations (which are legal in some countries), and other entities.
Among the sports that have traditionally been associated with heavy betting are horse racing, dog racing, and boxing, but, increasingly, gamblers wager on the outcomes of most professional sports. mORE…
Guide to Sports Betting
Sports betting has a long history in the United Kingdom. For many decades it was strictly controlled but in recent years laws regarding gambling on sport have been relaxed. A Government Act of 1960 legalised off-course bookmaking, which led to the opening of betting offices where customers could place cash bets on horse racing and many other sports.
The Economics of Match Betting
One area of life that is greatly influenced by economics but you might not think of as a typical economics topic is sports and match betting. mORE..
Illegal bets add up to 1.7 trillion dollars each year: new UN reportÂ
 The publication, the first-ever Global Report on Corruption in Sport, asks for an urgent, unified and international response to fight malpractice and fraud across the sector
Section 9: Illegal betting and sport
The objective of the section is to give an overview of illegal betting and related issues, in particular money-laundering, and to identify international, regional and national initiatives to tackle these problems. Good practices and case studies are presented in the section, as are policy considerations for Governments and betting regulators.
The Professional and Amateur Sports Protection Act of 1992 (PASPA or Bradley Act) defined the legality of sports betting and was effectively a federal ban, carving out exceptions for only a few states. In 2018, the Act was overturned by the Supreme Court in Murphy v. National Collegiate Athletic Association Searches
Sports Betting Market Size, Share & Trends Analysis Report By Platform, By Betting Type (Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting), By Sports Type, By Region, And Segment Forecasts, 2023 - 2030: The global sports betting market accounted for USD 83.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. The demand for sports betting is driven by factors such as the major shift in the regulatory landscape of the global gambling sector, the penetration of connected devices, and the developing digital infrastructure. For instance, according to a recent survey from Uplatform, a sports betting and casino operating platform, mobile devices accounted for about 70% of online betting revenue in 2020.
Sports Betting Market Overview (2023 to 2033)
The sports betting market size is estimated to be at US$ 91,940.9 million in 2023 and is expected to increase at a CAGR of 10.3% to US$ 245,792.4 million by 2033.
The growing popularity of connected devices, the adoption of sports betting, and the evolving digital infrastructure all contribute to the demand for sports betting.
The online segment of the sports betting market is anticipated to experience significant growth. mORE..
TGM Global Gambling and Sports Betting Report 2024
Are You Interested in Understanding Global Gambling and Sports Betting Behaviours? The global sports betting industry has experienced rapid growth in recent years with an annual growth rate of 12.02% expected between 2023 and 2028 (Technavio, 2024).
Essential Principles Of Successful Sports Betting
For sports betting, there is no secret; it is as risky as high blood sugar levels affecting the heart, especially if you are betting for money as opposed to just for fun. There are always guidelines that you need to follow in sports betting – because there is money involved, which means there will always be a serious, and possibly devastating, drop to the bottom.
Why US sports betting could become a $45 billion business :
US sports betting has rapidly grown into a $10 billion industry since a 2018 Supreme Court decision allowed US states to legalize the practice. Significant expansion could remain ahead, according to Goldman Sachs Research.
Sports betting industry posts record $11B in 2023 revenue
As the American sports betting industry continues to expand, it has reached a high water mark, posting a record $10.92 billion in revenue for 2023, according to the American Gaming Association's annual report.
The huge year for the industry represented a 44.5% year-over-year increase from 2022, which previously held the record. A handle of $119.84 billion (a 27.8% year-over-year increase) combined with an increased year-over-year sportsbook win percentage of 9.1% (up from 8.1% in 2022) contributed to the record. mORE..
U.S. sports betting industry sets record with nearly $11B in 2023 revenue
A report from the American Gaming Association shows U.S. sports betting posted a record $10.92B in revenue for 2023, according to Doug Greenberg of ESPN.com
Global Online Sports Betting Market Size To Worth USD 162.92 Billion By 2033 | CAGR Of 11.15%
The Global Online Sports Betting Market Size Was Valued at USD 56.59 Billion in 2023 and the Worldwide Online Sports Betting Market Size is Expected to Reach USD 162.92 Billion by 2033, according to a research report published by Spherical Insights & Consulting.
How U.S. sportsbooks can learn from Europe's soccer-focused betting industry
GIVEN THE IMMEDIATE cultural acceptance, rapid adoption in media and near ubiquity of advertisements, it's hard to believe that American legal sports betting is only six years old. Almost as soon as the floodgates opened, the United States proved to be an ideal breeding ground for the industry. Between major professional sports leagues and college sports programs, it makes sense that a large chunk of a highly competitive nation's over 330 million citizens would be intrigued by wagering on sports. mORE..
In just 5 years sports betting has transformed into a $13 billion industry—but there’s a danger
A couple of days before Christmas, I went to see the NHL’s Nashville Predators play on their home ice against the defending Stanley Cup champion Colorado Avalanche. Amid all the silliness of a modern pro sports experience – the home team skating out of a giant saber-toothed tiger head, the mistletoe kiss cam, a small rock band playing seasonal hits between periods – there was a steady stream of advertising for DraftKings, a company known as a sportsbook that takes bets on athletic events and pays out winnings. mORE…
The Explosive Growth of Sports Betting
In 2022, the sports betting market showed the fastest growth in all commercial gaming segments, with a staggering 75% increase in revenue year-on-year.
This growth is more than that of all other streams of gaming revenue combined. This includes slots, table games, and iGaming.Â
In this infographic from Roundhill, we explore this explosive growth and the factors that are driving it. mORE..
Premier League betting adverts nearly treble during opening weekend
Research finds more than 29,000 gambling messages across TV, radio and social media during live match coverage and news reports.
The Economics of Sports Betting : This unique book delves into a number of intriguing issues and addresses several pertinent questions including, should gambling markets be privatized? Is the ‘hot hand’ hypothesis real or a myth? Are the ‘many’ smarter than the ‘few’ in estimating betting odds? How are prices set in fixed odds betting markets? The book also explores the informational efficiency of betting markets and the prevalence of corruption and illegal betting in sports.
Search the Library's Catalog
The subject headings listed below are specifically related to sports betting. Choose the topics you wish to search from the following list of subject headings to link directly to the Catalog and automatically execute a search that will allow you to browse related subject headings
Additional works on sports related industries in the Library of Congress may be identified by searching the Library of Congress Online Catalog under appropriate Library of Congress subject headings. Please see the individual sports business sections of this guide for catalog searches relating to them. For assistance in locating the many other subject headings which relate to the sports business, please consult a reference librarian : Sports betting. Sports betting--Economic aspects. Gambling.
What is illegal betting and how can it be stopped?
Key stakeholders in fight against illegal betting: Police and other govt. organizations. Media. Opinion shapers.
GOOD PRACTICES IN ADDRESSING ILLEGAL BETTING
This Handbook focuses on practical examples of good practice for horse racing and sports organisations to combat illegal betting and related corruption
Preserving the integrity of sport by combatting illegal betting
A Council of Europe conference in Rabat (Morocco) aims to raise awareness of illegal betting, one of the biggest challenges to sport integrity and a key target in the fight against the manipulation of sports competitions, as addressed by the Macolin Convention.
EKOSPOR CORNER
Yasadışı bahisler ve spor müsabakalarının buna bağlı olarak manipüle edilmesi büyük önem taşımaktadır. Sporun bütünlüğüne ve doğasına yönelik tehditler.
Sporda yasa dışı bahislerin rolü kara para aklamada küresel bir sorun haline geldi ve sorun, yasa dışı bahislerin yalnızca spordaki yolsuzluğun başlıca itici gücü olmaması aynı zamanda kara para aklama için de önemli bir kanal.
Deloitte’ in rakamlarına göre Avrupa’da futbol yıllık 35.3 Milyar Euro gelir yaratıyor ve bu gelirin yaklaşık % 25’i de sponsorluktan geliyor. Bu haliyle futbol, bahis aktivitesi için en popüler spordur. Futbolda kumar ve sponsorluk arasındaki iliÅŸkinin doÄŸasını sorgulayan birkaç son tartışmanın konusu olmuÅŸtur. Kumar, futbol izleyicilerine çeÅŸitli yollarla reklam edilse de en yaygın stratejilerden bazıları forma önü sponsorluÄŸu ve stadyum sponsorluÄŸudur.Â
THE GREATEST SHOW IN GAMING 16 - 18 SEPTEMBER 2025
Sports Economics Networking publishes scholarly research in the field of sports economics by Sebahattin DevecioÄŸlu