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Sports Betting Market to grow by USD 221.1 Billion (2025-2029), driven by the digital revolution. Report with market evolution powered by AI – Technavio

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NEW YORK, Jan. 29, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global sports betting market size is estimated to grow by USD 221.1 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  12.6%  during the forecast period. Digital revolution is driving market growth, with a trend towards emergence of machine learning in sports betting. However, stringent government regulations and restrictions  poses a challenge. Key market players include 888 Holdings Plc, Abudantia BV, Bet365 Group Ltd., BetOnline, Betsson AB, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, LeoVegas AB, Parimatch, Penn Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Sports Betting Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 12.6%

Market growth 2025-2029

USD 221.1 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.0

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key countries

US, China, Germany, Italy, Australia, Canada, India, UK, Japan, and France

Key companies profiled

888 Holdings Plc, Abudantia BV, Bet365 Group Ltd., BetOnline, Betsson AB, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, LeoVegas AB, Parimatch, Penn Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc

Market Driver

The sports betting market is experiencing significant growth, with popular sports types like Baseball, Basketball, Cricket, and Football leading the way. Betting sites are expanding their offerings to include eSports and Casino Gambling, catering to the convenience of users on Mobile devices and Smartphones. Cashless Transactions are becoming the norm, driven by the digital infrastructure and wireless connectivity of 5G networks. Leading firms like Pure Win and Uplatform are innovating with Virtual Reality and Video streaming to enhance the user experience. Sports types such as EFL, NFL, Tennis, and Horse Racing continue to attract large user bases. Internet penetration and Smartphone use are driving the shift towards Online Sports Betting, with platforms offering Betting software and apps for Football clubs and Athletic events like the FIFA World Cup and FA Cup. Overall, the market is witnessing expansions in Sports Type, Devices, and Convenience, making it an exciting space for growth. 

The global sports betting market is experiencing significant growth due to technological advancements, particularly in the areas of blockchain, virtual reality, and artificial intelligence (AI), specifically machine learning tools. Vendors in this sector are investing heavily in machine learning methods to enhance prediction capabilities. Machine learning algorithms and models can analyze real-time data from multiple sources, such as player statistics, weather conditions, and fan sentiment, to generate accurate predictions. This technology is revolutionizing the sports betting industry by providing improved efficiency and better-informed decisions for bettors. The market is expected to expand during the forecast period as a result of the increasing consumer demand for advanced betting experiences. 

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 Market Challenges

The sports betting market is experiencing significant expansions with the rise of digital infrastructure and wireless connectivity. Baseball, Basketball, Cricket, Football, Tennis, and other popular sports types attract millions of bettors daily. Leading firms like Pure Win and Uplatform leverage mobile devices and smartphone apps to offer convenience to users. ESports betting and virtual reality are emerging trends. Cashless transactions are preferred for security and ease. Betting sites cater to various sports types, including EFL, NFL, and FIFA World Cup, as well as horse racing. With increasing internet penetration and smartphone use, online sports betting platforms are becoming a lifestyle choice for many. The challenge lies in providing reliable data reporting and ensuring seamless user experience on connected devices. As 5G networks roll out, we can expect more video streaming and real-time betting software to enhance the user experience. Sports betting operators must stay updated with these trends to remain competitive.The global sports betting market faces significant regulatory hurdles due to stringent government regulations. In various countries, sports betting is governed by specific laws, legislation, and regulatory acts. For instance, in Canada, the Criminal Code of 1892/1910 prohibits gambling, except for pari-mutuel betting, where authorities take their cut first. This law permits occasional games, provided the profits are used for charitable or religious purposes. In contrast, the US has legalized sports betting across several states. However, most countries have highly regulated betting in sports, allowing betting on specific sports, online betting, or permitting authorized entities to manage sports betting. Regulations vary widely, posing challenges for market growth.

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Segment Overview 

This sports betting market report extensively covers market segmentation by  

Platform 1.1 Online1.2 OfflineType 2.1 Basketball2.2 Horse riding2.3 Football2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Online-  The online sports betting market is experiencing notable growth, fueled by technological advancements in online betting and favorable regulatory changes. Key factors driving this growth include the expansion of the overall betting market due to continuous innovation in online channels, the increasing availability of mobile platforms with the growing penetration of the Internet and smartphones, and the structural migration of customers from retail to online in various emerging markets. Additionally, the continuous improvement of betting applications provides a convenient user experience. Regions such as APAC and MEA offer significant growth potential due to extensive digitalization and rising smartphone penetration. Favorable regulatory frameworks, like the new State Treaty on Gambling in Germany, create uniform conditions for providers and increase safety for end-users, enabling vendors with scale and technological advantages to thrive. Despite some markets lacking proper regulation, the increasing use of mobile devices, improved Internet connectivity, and positive regulatory changes are expected to drive the growth of the online sports betting market.

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Research Analysis

The sports betting market is experiencing exponential growth, fueled by the convenience of betting sites and the increasing popularity of various sports types like Baseball, Basketball, Cricket, Football (NFL), Horse Racing, Tennis, and more. Digital infrastructure, including wireless connectivity and mobile devices, plays a crucial role in this trend. According to DataReportal, there are over 3.2 billion smartphone users worldwide, making mobile betting platforms a preferred choice for many. Leading firms in the industry are continually innovating, integrating features like Virtual Reality and Casino Gambling to enhance user experience. Online betting has become a go-to pastime for sports fans, offering a level of excitement and engagement that traditional methods cannot match.

Market Research Overview

The sports betting market is experiencing significant growth, fueled by the increasing popularity of athletic events and the convenience of online betting. With the rise of mobile devices and wireless connectivity, betting sites have become accessible to millions of smartphone users, allowing them to place bets on their favorite sports types like Baseball, Basketball, Cricket, Football, Tennis, and even eSports, from anywhere at any time. The market is expected to expand further with the integration of digital infrastructure, Cashless Transactions, and Virtual Reality. The FIFA World Cup and NFL are among the leading leagues driving this growth, with horse racing and EFL also contributing. The use of smartphones and connected devices for online betting has become a lifestyle change for many, with the number of smartphone users continuing to increase. The sports betting industry is expected to undergo significant expansions in the coming years, with platforms like Uplatform, Pure Win, and others leading the way. DataReportal predicts that internet penetration will reach new heights, enabling more people to engage in online betting. The integration of 5G networks and the development of betting software will further enhance the user experience, making online betting more accessible and convenient than ever before.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformOnlineOfflineTypeBasketballHorse RidingFootballOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Infiniti Research, Inc.

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Technology

Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer

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14 minutes ago

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July 18, 2026

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Starting July 18, Costco Members Can Shop Laifen’s Award-Winning Hair Dryer in Select Warehouse Locations Across the U.S.

NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.

The launch brings Laifen’s award-winning haircare technology to Costco, making it easier for consumers to experience the brand through one of the nation’s leading membership retailers. Laifen joins Costco’s growing portfolio of premium beauty and personal care brands. The initial rollout includes select Costco warehouse locations across the United States, with a strong presence across the Western U.S., including California, the Pacific Northwest and the Southwest.

Costco’s reputation for quality and its highly selective merchandising approach make this partnership especially meaningful. The Costco launch reflects Laifen’s continued expansion beyond direct-to-consumer channels as the brand accelerates its U.S. omnichannel retail strategy. “Costco represents an important milestone in our U.S. retail strategy,” said Romeo, General Manager of International Business of Laifen. “As more consumers seek salon-quality performance at an accessible price, we’re excited to make Laifen available through one of America’s most trusted retailers.”

Engineered to deliver professional-level performance in a sleek, lightweight design, the Laifen SE is powered by the brand’s proprietary high-speed brushless motor, delivering fast drying, reduced heat damage and smoother styling. An intelligent temperature control system continuously monitors airflow to help minimize frizz while protecting hair from excessive heat.

The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.

The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.

For more information on Laifen, please visit LaifenTech.com.

About Laifen: 

Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.

Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.

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SOURCE Laifen

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Technology

Pillsbury Notice of Data Breach

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3 hours ago

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July 18, 2026

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html. 

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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Technology

From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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4 hours ago

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July 18, 2026

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.

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