Virtual Sports Betting Market Size, Share Forecast, 2030

The geopolitical tensions have affected the payment systems and other financial transactions in some of the regions, making operations difficult for online betting websites. Despite all these challenges, the virtual market for sports betting shows adaptability and resilience by offering a stable channel of sports betting in uncertain times. One such marked impact of the Russia-Ukraine war has been upon virtual sports betting share, mainly in geographically affected areas by economic stability and regulatory frameworks. Sports markets of traditional type had collapsed because some sports-related events in the East Europe region were suspended or delayed due to the danger aspect. This move led a lot of players towards virtual sports since there they can bet with the steady stream of uninterrupted sports activities without any breaks. Most DFS contests have an element of pool play, where an entry is entered into a pool of other entries from users on the platform; whereas, sports betting is user vs. the house.

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Its Caesars Rewards program allows you to earn Reward Credits simply through wagering — you’ll get up to 10 credits for every $100 placed on straight bets and up to 20 credits for every $100 placed on parlays. You can then redeem your credits for benefits, such as hotel bookings, spa treatments, dining and shopping experiences, and more. Among Black adults, 19% say they’ve placed an online sports bet in the past year, up from 10% in 2022. Smaller shares of Hispanic (12%), Asian (11%) and White (8%) adults say they’ve done this in the past year.

One of the key drivers of the market is the increasing demand for online sports betting. As more people turn to online platforms for sports betting, virtual sports betting is becoming an increasingly popular option. An online sport betting is convenient, and accessible, and provides users with a wide range of betting options, including virtual sports events. Another factor driving the market is the adoption of virtual sports by sports leagues and broadcasters. Virtual sports events are becoming more prevalent in the sports industry, with many professional sports leagues offering virtual sports events in addition to their regular sports events. This has created new opportunities for sports betting operators to offer virtual sports betting options to users.

Customer Stories

The convenience of betting on virtual sports at any time, without the limitations of real-world sports schedules, has led to increased consumer engagement. The ongoing advancement in artificial intelligence (AI) and machine learning (ML) is enhancing the realism of virtual sports, providing bettors with more engaging and lifelike experiences. Furthermore, the growing penetration of smartphones gullybet login and the expansion of high-speed internet access are fueling the adoption of virtual sports betting platforms.

Losing bets are refunded in FanCash, which can be redeemed for official team merchandise. BetMGM also features live streaming on niche sports and lesser-known leagues such as the English Championship for soccer and ATP Challengers tournaments for tennis. The BetMGM Sportsbook has a 4.8/5 star rating on iOS and a 4.2/5 rating on the Android app store. User sentiment is generally positive, praising the app for its user-friendliness and reporting big winnings using the first bet safety net offer. We love how BetMGM’s live bet tracking and the “Edit My Bet” feature are seamlessly integrated.

• Bettors will appreciate its competitive odds, averaging a 95% payout, extensive betting markets, and deep live betting options.
• DraftKings’ app features a clean, data-rich interface with easy navigation between pre-game, in-play, and futures markets.
• It is a world-class crypto sportsbook and casino that accepts customers from every province and territory in Canada.
• This is a great sportsbook for hockey fans, with excellent coverage of smaller leagues such as the OHL alongside the NHL.
• Bodog is available in every Canadian province and territory apart from Quebec.
• DraftKings offers NFL bettors a fanatics, well-rounded experience this football season.

Banking with Mastercard is a breeze, allowing you to add funds to your sports betting site in a few clicks. All deposits with Mastercard are instant and have a reasonable minimum requirement of $5 – $10. We’ve found FanDuel to be one of the best Mastercard betting sites you can access. An established e-wallet that accounts for roughly 22% of all online transactions in the U.S., PayPal is among the most trusted banking options for sports bettors. The best part about this banking method is how quickly transactions are processed.

It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market. Virtual sports betting sites leverage state-of-the-art technology to create visually stunning and realistic simulations of various sports. From soccer and horse racing to basketball and tennis, these virtual events capture the essence of the sports they represent, providing punters with an authentic betting experience. Virtual sports experienced a significant boost in popularity during the COVID-19 pandemic, which caused traditional sports events to be canceled or postponed.

The rising adoption of virtual sports during off-seasons and lockdowns has further solidified the appeal of casual betting. Playtech and BetConstruct are also key players that provide integrated platforms that combine virtual sports with traditional betting options. SportRadar does excel through its ability to utilize data analytics toward creating realism and increasing engagement. On the other hand, Scientific Games Corporation continues to seek a broader outreach by seeking strategic partnerships and product innovations. The union of such companies is challenging technology’s limitations while opening the industry for wider global appeal.

There are no laws preventing you from using a Canada sports betting site based overseas. It comes with reasonably complex wagering requirements, whereby a portion of the free bet credit is released based on your sports wagering activity. Additional promotions include daily cash back, a VIP program, and parlay boosts. And licensed in Curacao under the authority of the Curacao Gaming Control Board, Powbet is one of the best Canada sports betting online sites for beginners.

New betting sites take live bets on a great range of markets like the moneyline, puck line, point spread, totals, and props. You can watch the start of a game, determine how you think it will end, and place in-play bets. The odds will change according to the score and how well each team is playing. You will not be taxed on any winnings you earn at the top Canadian betting sites. Recreational Canadian players enjoying sports betting Canada will not need to pay any taxes.

Powbet is based on high-quality software and the entire site is easily navigable. When it comes to the best crypto sports betting online in Canada, Lucky Block is ahead of the chasing pack in our estimations. It is arguably the most sophisticated and stylish online betting site featured on this page. It is very easy to use, with great features and the mobile website is excellent too.

FanDuel is our pick for one of the best football betting apps in 2025, offering all bettors a seamless experience to access top NFL betting markets and promos throughout every week of the season. Solutions are the primary market category, which provides rental and online solutions. Rental solutions cater to businesses or operators requiring temporary or limited access to virtual betting software. These solutions enable companies to run betting platforms without the burden of full ownership, and are, therefore, mostly suited for short-term and seasonal operations. Conversely, online solutions provide full-fledged digital betting platforms around the clock to give users a seamlessly integrated experience through websites and mobile applications. Digital solutions gained notoriety mainly due to the rising penetration of the internet and ease of use on smartphones, and hence are considered the first choice for many operators.

The integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain is transforming the virtual sports betting landscape. AI and ML are increasingly being used to create more realistic virtual sports events, improve predictive analytics, and enhance customer personalization. These technologies enable betting platforms to offer users more accurate odds and insights, improving their overall experience. For example, Flutter Entertainment uses AI to analyze over 10 million data points daily to provide personalized betting recommendations.

This convenience of being able to place bets from anywhere and at any time has played an impressive part in the rise. Coupled with that, the growth in the use of artificial intelligence and virtual reality has created a good user experience. This level of immersion created by these technologies includes some personalized recommendations for users and probably enhances betting predictions; hence, making virtual sports betting very appealing to the user. The fastest-growing segment of the end-user segment in the global market is commercial customers.

All these factors driving increased access to mobile and online platforms are also the factors that have contributed to the industry’s growth. Betting operators are continuously investing in user-friendly applications with features such as augmented reality and other interactive gadgets to reach thousands of audiences. There will be further moves toward personalized odds, AI recommendations, and adaptive interfaces with individualized user settings to answer the rising demand for customized betting experiences. As mobile technology develops, so will the adaptation of these betting platforms’ engagement strategies to match the diversified demographics, leaving the market firmly positioned within the larger context of gaming. The Virtual Sport Market has experienced significant growth and evolution, characterized by rapid technological advancements and shifting consumer preferences. This market comprises various companies that offer immersive digital sports experiences, allowing users to engage in virtual competitions that simulate real sporting events.

RNG-based simulations rely on algorithms to generate random outcomes, ensuring fairness and unpredictability, making them a popular choice for virtual sports events. These simulations are widely used across platforms due to their simplicity and ability to deliver quick results. AI-driven simulations provide users with a lifelike representation of sports events, enhancing engagement by replicating real-world conditions more closely.

It creates an interactiveness and an immersive experience which will continue to change lives across the globe. More so, technology has advanced considerably, making virtual sports betting popular among users, for it offers them another way to bet besides the usual modes of sports betting. Advanced algorithms and graphic simulations create a realistic sporting event experience for users through virtual matches, races, and tournaments on which to place bets.

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In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Virtual Sports Betting Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings. FanDuel and DraftKings lead U.S. market share and active-user scale, supported by media and rights-holder partnerships. The market size for Virtual Horse Racing is expected to reach 1.05 USD Billion by 2032. The market size for Virtual Soccer is expected to reach 2.7 USD Billion by the year 2032.

Both apps and desktop sites are available for most daily fantasy sports platforms; however, each will present a different user experience. The decision between DFS apps vs. websites really comes down to what you care about most. The mobile DFS experience will make it more difficult to multitask or flip between screens if you are looking to incorporate your research or rankings into entries, especially if you are in a live draft. It saves you from having to pay foreign exchange fees and handling charges, as it facilitates direct wallet-to-wallet transactions across borders.