Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 6.8 % over the past five years, to reach an estimated $329.0bn in 2025.
Trends and Insights
Online sports betting and lottery platforms face uncertain regulations
- Legal uncertainty remains a significant issue impacting the reach of sports betting and lottery companies. Many countries have strict gambling laws, but the emergence of mobile gaming apps has led to legal ambiguities. Canada's Criminal Code, for instance, permits gambling but doesn't specifically address internet gambling, creating non-compliance risks with unregulated offshore entities.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Sports betting legalization will persist
- The legalization of sports betting will position companies to reach a broader base of consumers worldwide over the next few years. The presence of regulated markets could also enhance consumer protection and trust, leading to sustained participation in sports betting activities.
Biggest companies in the Global Sports Betting & Lotteries
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|
There are no companies that hold a large enough market share in the Global Sports Betting & Lotteries industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Lotteries, Sports betting and Other (including VLTs). Lotteries is the largest segment of the Global Sports Betting & Lotteries.
Trends and Insights
Sports betting grows in popularity as online options become available
- Sports betting, particularly online sports betting, is a critical growth area. Companies often distinguish sports betting racing from other sporting events. Companies use the parimutuel system, where consumers place all bets together in a pool, and companies calculate payout odds by sharing the pool amount among all the winning bets for gambling on horse racing, greyhound racing and other sporting events where participants finish in ranked order.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Sports betting and lotteries included legal draw lotteries, Lotto, Keno and scratch tickets, as well as wagering on official sporting events, including horse racing. Noncasino video machines are also included in the forecast.
What's included in this industry?
Offering horse racing bettingOffering greyhound racing bettingOffering live sports bettingOperating draw lotteriesOperating ticket lotteriesLotto operationAdministering instant (scratch) ticketsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PARIMUTUEL WAGERINGGROSS GAMBLING YIELD/NET INCOMEGROSS REVENUE/SALESDRAW OR JACKPOT LOTTERIESSCRATCHIESWLARACINOPUNTERPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Companies have scrambled to enter the US market following the legalization of sports betting. Companies like 888 Holdings, Flutter and Caesars, have acquired growing online s...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Lotteries are a stable source of revenue for the industry. Given the low cost and high accessibility of lottery tickets, this segment is recession resistant.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Sports betting and lottery companies congregate in affluent regions with large populations and lenient sports betting regulations. North America and Western Europe are prime ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2025
- Share of population compared to output in each region in 2025
- Data tables
- Share of global output by region in 2025
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry faces a growing level of competition. Companies compete to provide the most attractive odds, ease of transaction and accessibility. All of these factors attract ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Major companies have renewed their focus on the North American market. Shifting regulations in the United States have created favorable conditions for sports betting companie...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Companies must navigate a complex international regulatory environment. The United States recently legalized sports betting, easing regulations significantly.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wage costs have declined as much of the industry shifts online. Companies have cut consumer-facing jobs for back-end cybersecurity, innovation and online infrastructure posit...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Sports Betting & Lotteries industry in Global in 2025?
The market size of the Global Sports Betting & Lotteries industry in Global is $329.0bn in 2025.
How many businesses are there in the Global Sports Betting & Lotteries industry in 2025?
There are 17,604 businesses in the Global Sports Betting & Lotteries industry in Global, which has grown at a CAGR of 3.4 % between 2020 and 2025.
Has the Global Sports Betting & Lotteries industry in Global grown or declined over the past 5 years?
The market size of the Global Sports Betting & Lotteries industry in Global has been growing at a CAGR of 6.8 % between 2020 and 2025.
What is the forecast growth of the Global Sports Betting & Lotteries industry in Global over the next 5 years?
Over the next five years, the Global Sports Betting & Lotteries industry in Global is expected to grow.
What does the Global Sports Betting & Lotteries in Global include?
Offering horse racing betting and Offering greyhound racing betting are part of the Global Sports Betting & Lotteries industry.
How competitive is the Global Sports Betting & Lotteries industry in Global?
The level of competition is moderate and increasing in the Global Sports Betting & Lotteries industry in Global.
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Competitors
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Methodology
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IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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