The Esports betting market is expected to grow exponentially in the coming years. According to a new report by Grand View Research, the global esports betting market size is projected to reach $30.4 billion by 2027. The growth is driven by rising interest in esports betting, fueled by endemic and non-endemic Sportsbook operators around the world, increased digital penetration into traditional sports betting, and more favorable regulatory frameworks. Additionally, the growth of esports tournaments and streams, and the professionalization of esports teams and the players, will help to spur the growth of the industry. It is estimated that the North American markets will be the major contributor to the growth of the global esports betting market in the coming years, driven by the increasing availability of online gaming and Esports platforms across the region. Looking ahead, esports betting is likely to remain a major growth driver in the near future, as more countries look to legalize and regulate the market.
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eSports betting is a rapidly growing industry. This market segmentation involves the classification of online and physical gamblers into smaller groups, based on their motivations, driving behaviors, location, and other characteristics. Additionally, eSports betting segmentation allows for analysis of market strategies, market growth, and customer insights. With the advent of a growing industry, this segmentation can provide invaluable information to potential players, potential investors, and online operators. Additionally, segmentation helps create new markets and competitive advantages. As the industry continues to mature, eSports betting market segmentation will become an increasingly important tool for savvy operators.