The sports betting and lottery market size worldwide amounted to 194.63 billion U.S. dollars in 2024, an increase over the previous year's total of almost 173 billion U.S. dollars.

The Global Sports Betting Market was valued at USD 81.03 Billion in the year 2024 and is forecast to reach a value of USD 167.50 Billion by the year 2030. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.50% over the forecast period.

To win betting on sports, you must familiarize yourself with different betting markets. Professional bettors can find value in all areas of a game on the best online sportsbooks, which means they need to be able to target different markets on sports betting sites for different games.