Global Sports Betting Market to Surge by $189.3 Billion by 2028, Driven by Machine Learning and Mobile Expansion, Reports Technavio

According to a recent report by Technavio, a leading technology research and advisory firm, the global sports betting market is set to expand significantly, with an anticipated growth of USD 189.3 billion from 2024 to 2028. The market is expected to achieve a compound annual growth rate (CAGR) of 12.02% during this period.

Technological innovations, particularly in machine learning, are playing a crucial role in this market expansion, according to the report published by Technavio via PRNewswire. Companies in the sector are heavily investing in machine learning tools that offer precise predictions using real-time data from multiple sources. These advanced models rely on well-organized datasets, which are abundant in sports events, making them particularly…