Entain reports surge in popularity for bets on Formula 1
Entain has reported a surge in popularity for bets on Formula 1 with a record-breaking year on the cards. Data from Entain between 2018 and 2022 reveals that:
The total number of Entain customers betting on Formula 1 increased 50 per cent from 2018 to 2021, and the total number of bets on each season has grown by 30 per cent
Most customers who bet on Formula 1 between 2018 and 2021 were from the UK (35 per cent), Brazil (17 per cent), Germany (17 per cent) and Spain (5 per cent)
Entain has seen an 18 per cent increase from 2021 to 2022 in the number of UK customers betting on Formula 1, with four races still yet to go in the 2022 season
The British Grand Prix in July 2022 saw a 121 per cent increase compared with 2018, and there has been a four-fold increase in the number of bets on a winner at the race
This trend replicates the spike in popularity of the sport across streaming and multimedia platforms.
According to Formula 1, it was the fastest-growing major sports league in terms of follower growth in 2021. Followers on social media platforms increased 40 per cent to 49.1 million, with video views up 50 per cent to 7 billion and total engagement up 74 per cent to 1.5 billion.
Dom Grounsell, chief commercial officer at Entain, said: “Our customers are finding Formula 1 an increasingly exciting sport to participate in – numbers are growing year on year, in line with the popularity of the sport. This has no doubt been helped by the hugely successful Netflix Formula 1 Drive to Survive series. We’re looking forward to the next stage of Formula 1’s exhilarating journey, and with our bench-strength of global sporting brands, are perfectly placed to keep our customers entertained and close to the action.”