Saudi Arabia Sports Betting Market Size to Hit $2,030.3M by 2033: Growth Insights & Forecast
Saudi Arabia Sports Betting Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 8.1% (2025-2033)
The Saudi Arabia sports betting market is currently restricted due to legal and religious regulations; however, evolving digital trends and regional developments may influence future discussions and potential policy shifts. According to the latest report by IMARC Group, the Saudi Arabia sports betting market size reached USD 956.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,030.3 Million by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033.
Saudi Arabia Sports Betting Industry Trends and Drivers:
The sports betting market in Saudi Arabia is limited, due to cultural traditions and legal restrictions, but interest in non-betting forms of sports-related activity is on the rise. While traditional betting is broadly considered prohibited due to Islamic law, the resulting interest in sports, especially soccer, likely informs the growth of fantasy sports platforms and games based on predictions that circumvent regulation on gambling. The fantasy platform has likely become more popular among younger, more tech-savvy Saudis because smartphones and access to the Internet are increasing. With Vision 2030 prioritizing the development of sports, and the Saudi Pro League as a 2023 focus, and attracting more international events and participants, a vibrant sports-based culture is emerging, that also promotes interest in non-traditional betting formats linked to customs and regulations in the region.
New technologies like blockchain and AI are playing a pivotal role in developing the emerging sports betting marketplace, offering secure, transparent platforms for fantasy sports and prediction games. Such platforms are empowering sporting fans to engage with sports through virtual leagues and other skill-based games; they are designed for the growing middle class who have disposable income. E-commerce has increased access to such sites and mobile apps by providing simple interfaces easily adapted to local languages. While regulatory environments can be challenging, the marketplace is shifting fast as international firms can partner with local firms to bring in compliant and innovative solutions. As Saudi Arabia continues to provide hosting for premier sporting events, the market for sports-related entertainment is likely to grow, creating opportunities for regulated betting and culturally aligned platforms.
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Saudi Arabia Sports Betting Industry Segmentation:
The report has segmented the market into the following categories:
Platform Insights:
- Offline
- Online
Betting Type Insights:
- Fixed Odds Wagering
- Exchange Betting
- Live/In Play Betting
- Pari-Mutuel
- eSports Betting
- Others
Sports Type Insights:
- Football
- Basketball
- Baseball
- Horse Racing
- Cricket
- Hockey
- Others
Regional Analysis:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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