The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The global sports betting market size will grow from $96.84 billion in 2022 to $104.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The global sports betting market is segmented -ġ) By Type: Line-in-play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, Other TypesĢ) By Sports Type: Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Other Sports Types

Further, the platform is segmented into online and offline depending on the place of betting. The sports segment includes football, basketball, baseball, horse racing, cricket, hockey, and other sports, depending on the type of betting. Line-in play refers to a type of wager in which the bookmaker or sportsbook determines the favored and underdog teams in a match by setting gambling odds. The main types of sports betting are line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and other types. Sports betting refers to a type of gambling in which bets are placed on sporting events in order to gain a specified sum if the team or person chosen wins the event.