1 Global Table Tennis Betting Market Insight Analysis
The global table tennis betting market is valued at USD 2,199.37 million in 2024, with a CAGR of 9.5% from 2024 to 2033.
Table tennis betting is the practice of placing wagers on the outcomes of table tennis matches and tournaments. It encompasses various types of bets, including singles, doubles, handicap, over/under, and prop bets. The market is characterized by its global popularity, regulatory oversight, and the dominant presence of major betting companies. With the increasing availability of online betting platforms, table tennis betting has become more accessible and popular among sports enthusiasts and bettors worldwide.
Figure Global Table Tennis Betting Market Size (M USD) and CAGR (2024-2033)
2 Table Tennis Betting Market Growth Drivers and Restraints
Driven by sports events: As a global sport, table tennis has a large number of events, such as various competitions held by the International Table Tennis Federation and professional leagues in various countries. These events have attracted many spectators and participants, providing a wealth of betting opportunities for the gambling market. Taking 2020 as an example, Colorado’s table tennis betting performance was outstanding. Table tennis in the state alone generated a large number of sports bets, even exceeding the betting volume of some NCAA bowl games and NHL events in the same period, showing the strong driving effect of events on the gambling market.
Development of online channels: The popularity of the Internet has made online gambling channels increasingly convenient. Online gambling platforms are easy to operate and can provide instant event information and betting services, attracting a large number of young bettors who pursue convenience. In 2020, the market share of online gambling channels reached 76.26%, with revenue reaching 1193.33 million US dollars, becoming an important force driving market growth.
Growth in market demand: As people’s living standards improve, the demand for entertainment methods has become more diversified. As an entertainment activity, gambling has an increasing market demand. When other sports events were suspended due to the epidemic, table tennis betting attracted a large number of people seeking betting opportunities due to its continued nature, further stimulating market demand.
Policy and regulatory restrictions: The regulatory policies of countries around the world on the gambling industry vary greatly. Some countries and regions strictly restrict or even completely ban gambling activities, which directly limits the expansion of the table tennis betting market. In the United States, although the Supreme Court has lifted the federal ban on sports betting, many states are still unable to fully legalize online sports betting due to political opposition or complex tribal relations, hindering the further development of the market.
Event fairness controversy: There is a risk of unfair behavior such as match-fixing in table tennis events, which will affect bettors’ trust in the betting market. For example, in 2021, there were reports that some table tennis matches were suspected of match-fixing, and the fairness of the event was questioned, which may reduce bettors’ participation and have a negative impact on market development.
3 Technological Innovations in the Table Tennis Betting Market
Application of data monitoring technology: The ITTF cooperates with Sportradar Integrity Services to use its fraud detection system (FDS) to monitor table tennis events, analyze betting patterns and suspicious matches, and maintain the fairness of the events and the integrity of the gambling market. This technology can detect abnormal betting behavior in a timely manner through the analysis of large amounts of data, prevent the gambling market from being illegally manipulated, and ensure the healthy development of the market.
Online platform technology upgrade: Various gambling companies continue to upgrade online platform technology to improve user experience. For example, they provide more accurate event data, more convenient betting interfaces, and safer payment systems. These technology upgrades have attracted more users to participate in gambling activities and promoted the development of the market. Some platforms also use artificial intelligence and big data technologies to provide users with personalized betting suggestions, which enhances user stickiness.
Enterprise expansion strategy: Some large companies achieve scale expansion and market penetration through mergers and acquisitions. Flutter Entertainment acquired The Stars Group with a transaction value of US$6 billion, and the merged company became the world’s largest online gambling company. The acquisition enables Flutter Entertainment to own more brands and assets, such as PokerStars and Sky Betting & Gaming, further expanding its influence in the global gaming market and enhancing its market competitiveness.
4 Global Table Tennis Betting Market Size by Type
Singles betting is the most popular form of table tennis betting and is expected to account for a substantial portion of the market revenue in 2024. According to the report, the singles betting segment is projected to generate a revenue of 1523.06 million USD in 2024. This segment involves wagering on individual matches between two players, making it the most straightforward and accessible form of betting for enthusiasts.
The popularity of singles betting can be attributed to several factors. Firstly, the format is easy to understand, allowing both casual and serious bettors to participate. Secondly, the high number of singles matches played throughout the year provides ample opportunities for betting. Additionally, the presence of top-ranked players and their fan bases further drives interest and engagement in singles betting.
Doubles betting, while less prominent than singles betting, still plays a significant role in the table tennis betting market. In 2024, the doubles betting segment is expected to generate a revenue of 676.31 million USD. This type of betting involves wagering on matches played by teams of two players each.
Doubles betting is more complex than singles betting due to the additional variables involved, such as team dynamics and player pairings. However, it offers unique opportunities for bettors who are familiar with the sport and can analyze team strategies and player interactions. The format is particularly popular in regions where doubles tournaments are well-established and have a strong following.
Table Global Table Tennis Betting Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
|---|---|
Singles | 1523.06 |
Doubles | 676.31 |
5 Global Table Tennis Betting Market Size by Application
Online betting is the dominant application segment in the table tennis betting market, driven by the increasing accessibility and convenience of digital platforms. In 2024, the online betting segment is expected to generate a revenue of 1623.58 million USD, accounting for approximately 73.81% of the total market revenue. This segment includes bets placed through various online platforms, mobile apps, and websites operated by major betting companies such as Flutter Entertainment, Bet365, and Kindred Group.
The growth of online betting can be attributed to several factors. Firstly, the widespread availability of high-speed internet and mobile devices has made online betting more accessible to a broader audience. Secondly, online platforms offer a wide range of betting options, real-time updates, and enhanced user experiences through features like live streaming and in-play betting. Additionally, the convenience of placing bets from anywhere and at any time has attracted a significant number of bettors.
Offline betting, which includes traditional betting shops and other physical locations, still holds a significant share of the market. In 2024, the offline betting segment is projected to generate a revenue of 575.80 million USD, accounting for approximately 26.19% of the total market revenue. This segment is particularly popular in regions where physical betting shops are well-established and have a loyal customer base.
Offline betting offers a more traditional and social experience for bettors, allowing them to interact with other bettors and betting staff. This segment is also preferred by some bettors who value the face-to-face interaction and the tangible nature of placing bets in a physical location.
Table Global Table Tennis Betting Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
|---|---|
Online | 1623.58 |
Offline | 575.80 |
6 Global Table Tennis Betting Market Size by Region
North America is a significant region in the global table tennis betting market. In 2024, the projected revenue for North America is $539.95 million. The United States, as a major contributor within the region, has seen a continuous increase in table tennis betting revenue over the years. This growth can be attributed to the increasing legalization of sports betting in many states. For example, states like Colorado have witnessed a surge in table tennis betting activity. The development in North America is also supported by a large sports – loving population and a well – developed sports entertainment industry. However, the market here also faces challenges such as regulatory complexities in different states, which may affect the growth rate to some extent.
Europe is another crucial region in the table tennis betting market. In 2024, the projected revenue is $867.43 million. Countries like Germany, the UK, and France have a long – standing interest in sports betting. Germany, with its strong economy and sports – enthusiastic population, has a stable growth in table tennis betting revenue. The UK, with a well – established betting culture, also contributes significantly. The development in Europe is facilitated by a relatively unified regulatory environment in some parts, which allows for easier market access for betting operators. Additionally, the popularity of table tennis as a sport in European countries, along with a wide range of professional tournaments held, attracts a large number of bettors.
The Asia – Pacific region has been showing strong growth potential in the table tennis betting market. In 2024, the projected revenue is $638.26 million. China, Japan, and South Korea are the key markets in this region. China, with its huge population and growing interest in sports, has seen a steady increase in table tennis betting revenue. Japan and South Korea also have a passionate fan base for table tennis, which drives the betting market. The growth in the Asia – Pacific region is further boosted by the increasing digitalization and the growing acceptance of online betting platforms. However, the region also has to deal with issues such as cultural differences in attitudes towards gambling and regulatory differences among countries.
South America’s table tennis betting market is relatively smaller but still growing. In 2024, the projected revenue is $86.22 million. Brazil is the leading market in the region, with its large population and love for sports. The market in South America has been gradually developing, but it faces challenges such as economic instability in some countries, which may impact the disposable income of bettors and the overall growth of the market.
The Middle East and Africa region has a growing table tennis betting market as well. In 2024, the projected revenue is $67.52 million. Saudi Arabia, UAE, and South Africa are important markets in this region. The growth here is driven by the increasing interest in sports and the development of the entertainment industry. However, the region also has to address regulatory issues and cultural sensitivities towards gambling to ensure sustainable market growth.
Figure Global Table Tennis Betting Market Size (M USD) by Region in 2024
7 Global Table Tennis Betting Market Analysis by Major Players
Flutter Entertainment
Company Profile
Flutter Entertainment is a leading international sports betting and gaming company, established in 2016. It operates a diverse portfolio of brands, including Paddy Power, Betfair, Sportsbet, FanDuel, and Adjarabet. The company is headquartered in Dublin, Ireland, and has a significant presence in both the online and retail betting sectors.
Business Overview
Flutter Entertainment is known for its innovative approach to sports betting and gaming. The company has strategically expanded its operations through acquisitions and partnerships, positioning itself as a global leader in the industry. Its brands offer a wide range of betting options, including pre-match and in-play betting, as well as a variety of casino games and other entertainment options.
Product Offered
Flutter Entertainment provides a comprehensive suite of betting products tailored to meet the needs of different markets. For table tennis betting, the company offers both singles and doubles betting options, with real-time updates and live streaming capabilities. Additionally, Flutter’s platforms provide detailed statistics and expert analysis to enhance the betting experience. The company’s strong focus on customer service and technological innovation ensures a seamless and engaging experience for bettors.
Entain plc
Company Profile
Entain plc, formerly known as GVC Holdings, is a major player in the global sports betting and gaming industry. Established in 2004, the company operates a diverse portfolio of brands, including Bwin, Coral, Ladbrokes, PartyPoker, and Sportingbet. Headquartered in London, Entain plc has a significant presence in both the online and retail sectors, with operations spanning across multiple continents.
Business Overview
Entain plc is renowned for its commitment to responsible gambling and customer satisfaction. The company has consistently expanded its product offerings and market reach through strategic acquisitions and partnerships. Its brands are known for their user-friendly interfaces and extensive range of betting options, making them popular among both casual and serious bettors.
Product Offered
Entain plc offers a wide array of betting products, including table tennis betting. The company provides singles and doubles betting options, with real-time updates and live betting capabilities. Entain’s platforms also feature detailed match analysis and expert commentary, enhancing the betting experience for customers. Additionally, the company’s commitment to security and transparency ensures a safe and enjoyable environment for bettors.
Bet365
Company Profile
Bet365 is a prominent online gambling company, established in 2000. Headquartered in Stoke-on-Trent, United Kingdom, the company operates one of the largest online betting platforms globally. Bet365 is known for its extensive range of betting options and high-quality customer service.
Business Overview
Bet365 has built a strong reputation for its innovative approach to sports betting and gaming. The company offers a wide range of betting options across various sports, including table tennis. Bet365’s success is attributed to its user-friendly platform, extensive product offerings, and commitment to customer satisfaction. The company’s strategic focus on technology and customer service has enabled it to maintain a dominant position in the industry.
Product Offered
Bet365 provides a comprehensive suite of betting products for table tennis enthusiasts. The platform offers both singles and doubles betting options, with real-time updates and live betting capabilities. Bet365’s detailed match analysis and expert commentary enhance the betting experience for customers. Additionally, the company’s commitment to security and transparency ensures a safe and enjoyable environment for bettors. Bet365’s platform also features a wide range of casino games and other entertainment options, making it a one-stop destination for online gambling enthusiasts.