> For the complete documentation index, see [llms.txt](https://spredict.gitbook.io/whitepaper-v1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://spredict.gitbook.io/whitepaper-v1/market-and-competition/sports-betting-market.md).

# Sports betting market

Gambling and gaming are also tightly tied to the global sports market, with the sports betting sector calculated to be **243 billion** United States dollars as of 2024 ([Statista](https://www.statista.com/statistics/1154681/key-data-global-sports-betting-industry/)). Recent technological changes and advances in gaming in general have provided new ways for players to compete at the highest level, resulting in a lucrative eSports industry as well ([Statista](https://www.statista.com/topics/3121/esports-market/)).