2024 is the most rapidly developing year for sports betting websites, with the demand for sports betting magnified unprecedentedly due to events like the UEFA European Championship, Copa America, and the Olympic Games.
Total Gross Gaming Revenue (GGR) is a key indicator of the performance of the sports betting industry. It represents the total amount of bets minus the winnings paid to players. For example, if a player bets $1 million and wins $900,000 in a casino, the generated GGR would be $100,000.
Looking at the United States, which has seen the fastest growth in sports betting GGR over the past three years, the total sports betting revenue grew from $400 million in 2018 to $9 billion in 2019, $15 billion in 2020, $43 billion in 2021, $75 billion in 2022, and an astonishing $110 billion in 2023, accounting for 15% of the global market.
According to PASA data, the global sports betting market's total revenue reached about $850 billion in 2023, maintaining an average annual growth rate of 10%.
In the past three years, the highest revenue growth occurred in the United States, while Europe had the largest share of global total revenue at 40%.
Additionally, Brazil, Argentina, Colombia, India, Vietnam, and the Philippines are among the countries where sports betting revenue has grown most rapidly in recent years.
Therefore, today PASA will introduce the top ten most popular and highest revenue-generating sports betting websites in 2024, summarizing their user-attracting features and some safe revenue-enhancing tips.
This will allow everyone to learn the innovative methods that have led to their success and create their own standout sports betting applications.
Top 10 Sports Betting Websites of 2024
1.Bet365
Bet365 Sportsbooks is undoubtedly the industry leader, the world's leading online sports betting platform, established in 2001, headquartered in the UK.
It has nearly a hundred million users worldwide, and with the legalization of sports betting globally and the popularity of online betting, Bet365's user base has continued to grow, especially in emerging markets in Asia and South America.
Bet365 remains a global leader in online betting sites, known for its comprehensive sports coverage, highly competitive odds, and user-friendly interface.
Pros
·Over 35 betting markets
·Consistently higher than average betting odds
·Numerous promotions and special events
·Quick and secure payment services
·24/7 instant customer support
Cons
·Lack of cryptocurrency deposit options
·No loyalty program
2.Betano
Betano, established in 2018, is a rapidly developing online sports betting website, mainly operating in Europe. Betano's rise is attributed to its commitment to customer satisfaction, extensive market coverage, and innovative features.
Whether it's football, basketball, or esports, Betano provides a seamless betting experience along with generous offers and bonuses.
Pros
·Detailed betting statistics
·Wide range of betting markets
·Esports betting
·Simple registration process
·Strong security measures
Cons
·Limited banking service options
·English-only support
·No support for cryptocurrencies
3.Caesars Sportsbook
Caesars is one of the top online retail sports betting companies, combining traditional and modern elements to offer a wide range of betting options for various sports and events.
The platform caters to both casual bettors and seasoned enthusiasts through its mobile app and loyalty program.
Pros
·Provides 24/7 customer support
·Many different futures bets
·Offers "watch and bet" service for some matches
·User-friendly layout
Cons
·No support for Android apps
·Mostly major sports betting markets
4.1xBet
1xBet, established in 2007, quickly rose to prominence, offering a vast array of sports betting options and online casino games.
The platform boasts a large number of sports markets, including niche sports, as well as live streaming and in-play betting options.
Pros
·Offers various promotional activities
·Efficient customer service
·Over 60,000 events monthly
·Very high winning limits
Cons
·Occasional withdrawal delays
·Complex for inexperienced bettors
5.FanDuel Sportsbook
FanDuel Sportsbook's user-friendly interface, coupled with its seamless integration with the FanDuel Fantasy Sports platform, makes it a favorite among many bettors.
FanDuel Sportsbook offers a wide range of betting options along with exclusive promotions and bonuses, providing an immersive legal sports betting experience.
Pros
·Friendly user interface
·Generous promotions and bonuses
·Quick payments
·Comprehensive live data library
Cons
·No Android app
·Limited supply
6.DraftKings
DraftKings stands out among many betting platforms due to its commitment to innovation and technology.
With its easy-to-use app, a wide range of betting options, and unmatched features such as pools or flash bets, the platform has become a model for many others.
Pros
·Intuitive interface
·Multiple pre-match and live betting options
·Various payment methods
·Convenient app
Cons
·Withdrawal speed could be faster
·Limited live streaming options
7.BetRivers
The simplicity and transparency of BetRivers have been greatly welcomed by betting users.
BetRivers provides a reliable sports betting platform for sports enthusiasts, with highly competitive odds, generous promotions, and a user-friendly interface.
Pros
·Generous welcome bonus and ongoing promotions
·Intuitive interface
·Quick and reliable payments
Cons
·Limited support hours
·Narrow range of payment methods
8.BetWinner
BetWinner offers a wide range of sports and markets, determined to provide fair prices, which has ensured its popularity among players worldwide.
BetWinner adapts to the changing needs of users with various payment systems and features such as live streaming or cash out.
Pros
·60,000 pre-match events monthly
·24/7 customer support
Cons
·Verification delays
·Average odds
9.Parimatch
The combination of old and new has also attracted many customers to Parimatch.
This betting platform ensures that customers can easily bet on a variety of popular sports or cultural events through its well-designed website, while also ensuring customer safety and comfort.
Pros
·Quick withdrawals
·Convenient mobile app
·Various sports events
Cons
·Country restrictions
·Strict verification policy
10.BetMGM
Backed by the well-known MGM Resorts International, BetMGM Sportsbook offers a comprehensive betting platform focused on quality and safety.
With its easy-to-use interface, extensive market coverage, and unique reward programs, BetMGM continues to attract users who wish to bet on various sports events.
Pros
·Excellent customer service
·Numerous rewards and promotional activities
·Appropriate security measures
Cons
·Limited supply
·Limited payment methods
PASA highlights these ten betting platforms, including well-known platforms such as Bet365, Betano, Caesars Sportsbook, and FanDuel Sportsbook. Each platform has its strengths and weaknesses, suitable for different types of bettors.
How to take the essence and discard the dregs, PASA has summarized for everyone, these are the factors to consider when making wise decisions in building a platform:
1.The platform needs to offer a variety of gambling games and sports events. More choices and diversified betting can attract more users.
2.High odds and payout rates, this is the most intuitive factor that attracts users, because the purpose of users betting is for the odds.
3.Establish a user-friendly platform, providing a smooth betting experience on both PC and mobile applications.
4.Welcome offers, free bets, or loyalty programs, users are very concerned about whether their bets can increase in value.
5.Payment methods; different bettors have different payment needs, so diversified and secure payment methods will be preferred.
6.Customer support and response speed in solving problems and inquiries.
To successfully build your own sports betting platform, you must conduct comprehensive research on these key points, set clear goals, and persevere to get a share of the nearly hundred billion dollar cake, thus embarking on the road to wealth.
Finally, if you consider starting your own sports betting operation platform from scratch, consider joining us at PASA.
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We look forward to discussing more unique insights about building sports betting platforms with you and invite you to follow the global get-rich industry overseas information platform PASA for more firsthand get-rich industry information.
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