Size of Sports and Online Gambling Industry
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The Sports Market was worth $60.5 billion in 2014 in North America. They are expected to reach about $73.5 billion in 2019. The main reason or such growth is due to the increase in the projected revenue derived from media rights deals, which has been foreseen to surpass gate revenues as the sports industry biggest sectors.
Sports media right are expected to go from $14.6 billion in 2014 to about $20.6 billion by 2019, accounting for a compound annual rate increase of about 7.2%.
The online gaming market has also grown from 24.7 billion in 2009 to 41.4 billion in 2015 and is expected to reach 56.05 billion in 2018. The segment should continue to recognize higher indexed growth through the end of the period in which the rightful owners begins to carve out their digital assets and further monetize the inventory.
The Global Sports Betting Lottery Industry has been doing well as they have recovered from recession. They have about $218 billion revenue and their annual growth is about 1.2%. There are up to 79,917 businesses opportunities for online gamblers. Before we get to 2019, it been said that growth will be driven by emerging economies., as regulatory barriers are reduced per capital income divisions insatiable consumer demand.
Some sportraders will triumph as a sports big data as they invest an amount worth $44 million dollars into the Sport market.