March Madness Drives 34% Increase in Sports Betting Over Past 28 Days

 Bet 365 surges into third place in the U.S., but DraftKings remains #1

With the NCAA “March Madness” tournament already underway, we found traffic to leading sports betting sites in the U.S. is sharply higher than at this time last year.

Key takeaways

• Web traffic to six leading sports betting sites in the U.S. was up 29% in the first two months of 2023, year-over-year.
• In the past 28 days (through March 13), traffic to those sites was up 34% over a similar period in 2022.
• DraftKings remains the leader in the space with 15.1 million visits in February 2023, with Fanduel a close second with 14.0 million visits. Bet365, which is the global leader in the space, is making major inroads in the U.S. Bet365 nearly tripled its web traffic in February 2023 with 12.2 million visits, up from 4.4  million visits a year earlier (+277%).
• Sports betting in the U.S. skews overwhelmingly male with the top 5 sites all getting more than 72% of their traffic from the male demographic and also skews younger, with the largest age demographics being the 25-34 subset.

Traffic to leading sports betting sites is up in both January and February 2023

The long-term trend chart for the five leading sports betting sites shows strong growth for most participants. After rising 19% in January year-over-year, aggregated web traffic to these five sports betting sites rose by 29% in February. For the first two months of the year, web traffic was up 24%.

Last 28 days of traffic show accelerating growth

The past 28 days have also been strong, with aggregated traffic for that time period up by 34% over a similar period a year earlier. Of the five companies in this report, only BetRivers saw its traffic decline over the past 28 days.

DraftKings remains the leader over FanDuel, but the field gets more crowded with Bet365 growth

A look at the share of traffic (a proxy for market share) for these five companies shows that DraftKings remains in the lead with a 32% share of traffic in February 2023, with FanDuel second at 27% and Bet365 third at 25%. However, due to its rapid web traffic growth, Bet365 has gained seven percentage points of traffic in the past year, while both DraftKings and FanDuel, even as they saw strong web traffic growth, saw their relative shares decline.

Sports betting web traffic skews male and younger

The demographics of sports betting skew overwhelmingly toward males and also skew younger. Of the five companies in this report, all of them saw males representing over 72% of total web traffic, and the leader, DraftKings, received 85% of its web traffic from men.

In terms of ages,  you can see that for each of them, the largest age cohorts were ages 25-34 followed by ages 35-44 and ages 18-24. It seems older people are less interested in sports betting, with the cohort of ages 65+ less than 7% of traffic for each company.

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Methodology

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