[Exclusive] The sports betting industry experienced a growth of over 100% in the year 2023.
Since the legalization of the sports betting industry in Ireland in 2018, there has been an immense surge in growth within the market. Exclusive data from Datahub, shared with TopEireCasinos.com, reveals a staggering 135% increase in the number of companies established in Ireland between the years 2024 and 2023.
As of August 2023, a total of 221 businesses have emerged within the realm of sports betting, showcasing a significant increase from the 94 established during the corresponding timeframe in the previous year.
The figure surpasses the combined count of businesses established in 2023.
Since 2020, the industry has been on a consistent upward trajectory, with its size more than doubling each year. According to the research, there has been an impressive 360% expansion from 2020 to 2024.
Growing Market
The substantial expansion of the market for Datahub can be attributed to the rising number of Irishs gaining internet access and utilizing smartphones, coupled with their growing fascination with sports and sporting events.
According to the study, the growth of the sector could be attributed to the media's expanded coverage of sports events and the increasing popularity of betting among the youth.
The taxation imposed on companies intending to establish themselves in Ireland could potentially pose a challenge, but the expectation is that the opening of companies in the sector will continue to grow, especially after the regulation of sports betting.
Methodology
I conducted a thorough analysis of the Datahub report, focusing specifically on the category labeled CNAE 9200-3/99. This particular category refers to the exploration of various forms of gambling and betting games, including online operations. It encompasses both primary and secondary aspects of the industry, providing a comprehensive understanding of the sector. The study sheds light on the trends and dynamics within the online gambling and betting segment, offering valuable insights for further research and analysis.
The figures provided might differ since not every company within this CNAE category is necessarily linked to the gambling industry.
I collect, validate, and organize non-sensitive information from public sources through Datahub. This market intelligence and research platform boasts an impressive collection of over 600 data sources, encompassing more than 56 million CNPJs and over 400 variables, including exclusive models. I ensure that the data is classified and well-documented for easy access and utilization.
