Market research

STATSCORE’s Betting Industry Review 02/10/2023

The US betting market expected to surpass $40bn by 2030, Cricket World Cup starts this Thursday, and the Rugby championship draws a record-breaking TV audience.

US betting market expected to surpass $40bn by 2030

For over five years now, US states have had the opportunity to legalize sports betting, resulting in a multibillion-dollar market.

Currently, 38 states and Washington DC have legalized some form of sports betting, and more are expected to join soon.

In 2022, sportsbook revenue in the US reached $7.5 billion, marking a 75% increase from 2021, as reported by the American Gaming Association (AGA). Flutter, the parent company of FanDuel, estimates that the overall US betting market will surpass US$40 billion by 2030. Read more

Cricket World Cup starts Thursday in India

The tournament will run from October 5 to November 19, featuring ten teams contending for the prestigious title.

Participating in this year’s event are ten esteemed teams: India, Afghanistan, Australia, Bangladesh, England, Netherlands, New Zealand, Pakistan, South Africa, and Sri Lanka.

Surprisingly, the two-time champions, West Indies, will not be competing as they were unable to secure one of the nine qualification spots. Read more

Check out STATSCORE’s Cricket World Cup stats and data!

Rugby World Cup 2023 draws record-breaking TV viewership

Organizers of the Rugby World Cup are thrilled with the remarkable surge in both domestic and international television viewership, surpassing previous editions.

Jacques Rivoal, president of France 2023, said: “There’s excitement everywhere – in the stadiums and TV screens. Everywhere, we’re exploding the benchmarks that were set in Japan in 2019 and in England in 2015, sometimes 30 to 40% more.” Read more

Kentucky opens legal online betting market

On September 28, Kentucky launched its legal online sports betting market, just weeks after opening its regulated retail wagering market.

The retail market opened on September 7, with the online launch delayed as part of a staggered launch.

Bet365, BetMGM, Caesars, Circa, DraftKings, FanDuel, and Penn Sports Interactive were among the operators that obtained licenses. Read more

‘Irreparable damage to football’ – FIFA slams Luis Rubiales

In a statement about the incident after the Women’s World Cup final, FIFA said the episode has ‘considerably damaged football’s integrity and reputation’.

FIFA strongly criticized ex-RFEF president Luis Rubiales for the harm his behaviour towards Jenni Hermoso has had on both football and the Spanish women’s team. Read more

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