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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.

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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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3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

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October 19, 2026

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ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

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SOURCE 3M Company

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Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

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October 19, 2026

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NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

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SOURCE Scott Vicknair Personal Injury Lawyers

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Can we produce low-cost omega-3s without relying on fish?

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October 19, 2026

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GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

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SOURCE Southern Cross University

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