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Sports Betting Market is Booming | Detailed Analysis Report on Key Players, Growth Prospects & Market Size 2018-2022: Radiant Insights, Inc.

George Miller

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Sports Betting Market is Booming | Detailed Analysis Report on Key Players, Growth Prospects & Market Size 2018-2022: Radiant Insights, Inc.
Reading Time: 2 minutes

 

The global Sports Betting Market is expected to rise at a significant CAGR of 8.62% during the period 2018-2022. Sports betting market is driven by significant outlay of users on online platforms for gambling and easy money practices. Virtual gaming is getting a wider attention due to rise in the number of users logging on hourly basis.

The primary audience for sports betting includes the age group of 16-23 years and the secondary audience (above 26 years of age). For the former age group, betting rooms such as rummies and lotteries exist whereas the latter age group actively deals with football, hockey, cricket, auto racing, horseracing, and dog racing. Out of the ones mentioned, horseracing and dog racing are legal in most of the countries; whereas betting on football, hockey, and cricket have limitations to operate in several countries.

However, scandals and illegal betting practices involving a huge amount of money have hindered the market growth for sports betting activities. Stringent laws by Government in several countries are expected to check the illegal market in the forecast period. Geographical segmentation for sports betting market includes North America, South America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific dominates the sports betting market due to presence of digital platforms, user adoption to online betting, and presence of a sizeable market in several regions of APAC. Additionally, increase in demand for online games that involve money gambling contributes significantly to the sports betting market. Horseracing is one of the prominent areas of sports betting. As compared to European and North American counterparts, the market is in its booming stages with more people actively interested in wrestling and knockout matches. Middle Eastern and African regions operate on regional levels but have a greater access to online casinos. The key players in the sports betting market include GVC holdings, Kindred Group, William Hill, Paddy Power Betfair, and 888 Holdings.

Access 114 page research report with TOC on Sports Betting Market available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-sports-betting-market-2018-2022 

  • About Sports Betting:Sports betting is a type of gambling activity that involves predicting the outcome of a sports activity and placing wagers accordingly.
  • Covered in this report:The report covers the present scenario and the growth prospects of the global sports betting market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of sports betting.
  • The market is divided into the following segments based on geography:
    • Americas
    • APAC
    • EMEA

Global Sports Betting Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

  • Key vendors:
    • 888 Holdings
    • GVC Holdings
    • Kindred Group
    • Paddy Power Betfair
    • William Hill
  • Market driver:
    • The digital revolution in sports industry
    • For a full, detailed list, view our report
  • Market trend:
    • Growing popularity of virtual sports betting
    • For a full, detailed list, view our report
  • Key questions answered in this report:
    • What will the market size be in 2022 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?

 

About Radiant Insights, Inc.: 

At Radiant Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Industry News

Sportradar partner with BBC to show European Badminton

Niji Ng

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Sportradar partner with BBC to show European Badminton
Photo Source: laola1.tv
Reading Time: 1 minute

 

The BBC has reached an agreement with right holder Sportradar to live telecast the semi-final and final of Badminton’s European Mixed Team Championships in Copenhagen. The matches will be shown tomorrow and day after tomorrow on the BBC Sport website and digital platforms.

The tournament started on 13 February, with defending champions Denmark facing challenges from teams like France, the Netherlands and Spain in their group.

England, seeded second, have to face Ireland, Germany and Russia in their group.

England’s Men’s Singles player and National Champion, Rajiv Ouseph, assessed their chances.

“As players, we always enjoy the European team events and go to Denmark with the strongest possible squad which, due to injury, has not always been the case in past seasons.”

“When you pull on that England shirt, you really feel the pride of playing for your country, and we’re already excited to have another opportunity as a team to show that on court in front of the fans.”

Lutz Tigges, senior director audiovisual broadcast at Sportradar said, “We are really looking forward to starting coverage of the European Badminton Mixed Team Championships in Denmark. Demand for the broadcast coverage has been really strong and being able to add the BBC to that across their digital channels is another endorsement of the event.”

Live action will also be available to a global audience through Sportradar’s digital platform for the tournament, www.laola1.tv/badmintoneurope/

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Ubisoft join hands with Mozilla to create AI coding tools

Niji Ng

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Ubisoft join hands with Mozilla to create AI coding tools
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Ubisoft and Mozilla, who developed Firefox web browser, are joining hands to develop a AI-coding tool called Clever-Commit AI coding assistant. The partnership, initially signed for three years, involves exchange of ideas, techniques, and skills between the two companies in the development of Clever-Commit.

“Working with Mozilla on Clever-Commit allows us to support other programming languages and increase the overall performances of the technology,” said Mathieu Nayrolles, technical architect, data scientist, and member of the Technology Group at Ubisoft Montreal. “Using this tech in our games and in Firefox will allow developers to be more productive, as they can spend more time creating the next feature rather than fixing bugs. Ultimately, this will allow us to create even better experiences for our gamers and increase the frequency of our releases.”

This AI is being developed by the Ubisoft Technology Group, and evaluates whether or not a code change will introduce a new bug and proactively fix it by learning from past bugs and fixes. By applying Clever-Commit to both game development and Firefox development, Ubisoft and Mozilla will learn more about other programming languages and increase the knowledge of the AI’s toolbox.

Clever-Commit was first unveiled last year as a prototype (Commit-Assistant) by Ubisoft La Forge, a research branch of Ubisoft Montreal that works alongside academic institutions, in collaboration with Concordia University. In an effort to improve the overall quality of Ubisoft games, Clever-Commit learns from the development of major AAA games, and quickly identifies and fixes bugs so that teams can release more high-quality features, more frequently. To date, the AI has been able to identify if a code contains a bug with 70 per cent accuracy.

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Press Releases

Login Casino launches contest for 2 VIP passes for RGW

Niji Ng

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Login Casino launches contest for 2 VIP passes for RGW
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The Login Casino magazine, the media gambling sponsor of RGW 2019, announces the contest for two VIP tickets for the leading gaming conference in Russia – Russian Gaming Week.

In order to compete for the prize one has to come up with a name for the RGW symbol – matreshka, and send their variant to be considered by the jury of experts. Competition for the tickets starts on February 12.

The winner will be defined on April 17. In general, the applications with contestants’ suggestions will be accepted till April 16 inclusive.

According to the event organizers, this year’s RGW will be even more intensive and diverse. First of all due to the fact that the number of applications for participation exceeds 3000.

Besides, the agenda of Russian Gaming Week also promises to be informative. According to Oksana Marisenko, manager of this project, the list of those presenting their ideas and latest developments will include software developers, payment systems manufacturers and law consultants in the field of gambling business.

The Betting Awards ceremony will include several nominations with the aim to highlight the leading representatives of the betting industry whose achievements in 2019 were the most outstanding”, said Oksana Marisenko.

The VIP pass provides several benefits. Firstly, these are special seats at the conference and a separate registration desk. Moreover, such ticket makes it possible to meet and talk with speakers and delegates in person and in a relaxed atmosphere.

In order to take part in the contest – register here.

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