71 Sponsored by Visit iGamingPocketDirectory.com for more information. Casino Sports betting offers a unique form of online gaming, where bettors predict sports results and wager on an outcome rather than playing against a dealer or other bettors. Whereas bingo, casino games and poker are based on events within the casino, sports betting is tied to real-life events. Punters can find bets on all sorts of sports, including eSports, with individual wagers ranging from single games to a full season’s performance by either players, teams, or entire leagues. Estimating the full value of the international sports betting market is difficult due to a wide variety of regulations across the world, but many countries offer reputable reports. The European Gaming and Betting Association reported sports betting was responsible for 42.5% of the online gaming market across the European Union. The U.K. Gambling Commission reported a total GGR of £2.0 billion for remote sports betting from April 2018 to March 2019. Spain’s gambling regulatory body reported a 2018 GGR of €365.1 million, representing 52.2% of its online gambling and up 18.11% from 2017. Another hurdle is the unregulated black market that siphons money away from legitimate channels. Up until 2018, the U.S. federal ban on sports wagering saw much of that revenue going to illicit offshore books. With the U.S. Supreme Court ruling that said federal ban was unconstitutional in May 2018, companies are looking to get a piece of American pie as if it were a gold rush. Flutter Entertainment is in the process of acquiring the Stars Group and would therefore develop the FanDuel and FOXBet brands. Betting giant GVC Holdings has a SPORTS BETTING INDUSTRY OVERVIEW Sports Bett g
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