The sports betting and lottery market size worldwide was over 200 billion U.S. dollars in 2019, though this decreased in 2020 due to the impact of the coronavirus (COVID-19) pandemic. While this global market is large and lucrative, sports betting is still not legal everywhere. Not only that but regulations regarding sports betting differ depending on the country. Additionally, within the countries, gambling laws can also vary by state. For example, in the United States sports betting is legal at the federal level, however, regulations differ on a state-by-state basis.
The sports betting and lottery market size worldwide was over 200 billion U.S. dollars in 2019, though this decreased in 2020 due to the impact of the coronavirus (COVID-19) pandemic. While this global market is large and lucrative, sports betting is still not legal everywhere. Not only that but regulations regarding sports betting differ depending on the country. Additionally, within the countries, gambling laws can also vary by state. For example, in the United States sports betting is legal at the federal level, however, regulations differ on a state-by-state basis.