The biggest eSports team from Asia is T1, formerly SKT 1. The drivers for this forecast are the increasing number of countries patronizing eSports and the overwhelming promotion worldwide.
eSports betting is expected to grow at 14% CAGR by the end of 2030. Several sports betting companies are in Asia, but the leading ones are:Ĥ. One of the major countries that play a significant role in the success of the Asia-Pacific Region is Singapore and South Korea. Sports betting market in Asia-Pacific Region reached $21 billion in 2021. The development and changes in gambling laws and regulations – allowing sports betting activities in several countries and integrating technology- are the key drivers of this forecast. The online gambling market has reached $79.8 Billion in 2022, and experts foresee a growth of 8.5% during 2023-2028.
The worldwide gambling market is expected to reach $133.9 billion in 2028. The $21.5 billion increase in 5 years is statistical proof that the global gambling market, including the Sports Betting industry, is increasing.
