According to the latest report by IMARC Group, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global online gambling market size reached US$ 72.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 131.4 Billion by 2027, exhibiting a CAGR of 9.96% during 2022-2027. Online gambling is a betting game that involves wagering on virtual casinos and sports events over internet-operated computer programs present on diverse platforms. It includes blackjack, poker, slots, pool, horse racing, roulette, and craps as some popular games. As compared to conventional casinos, online gambling sessions are moderated remotely, which does not comprise face-to-face interaction and offers multiple gift vouchers. Apart from this, online gambling provides players with increased comfort and convenience, loyalty points, various payment methods, and secured accessibility to several gaming options; thus, it is widely played for entertainment purposes.
COVID-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Online Gambling Industry Trends:
The rising demand for online gaming, especially during the COVID-19 pandemic, supported by the increasing usage of digital devices and the development of internet technology are primarily driving the market toward growth. Furthermore, key players are organizing innumerable tournaments, bonus programs, and promotions to engage newcomers by providing online offerings, which is supplementing the demand for online gambling. Additionally, the extensive integration of blockchain, cyborgs, virtual reality (VR), and artificial intelligence (AI) technologies to facilitate cryptocurrency transactions with enhanced payment security and transparency is aiding market expansion. Such solutions also aid in analyzing users interests and behavior, suggesting digital games, and improving players experience. Besides this, extensive celebrity endorsements and corporate sponsorships, the ongoing legalization of online gambling across different nations, and the advent of free-play virtual casinos with enhanced interfaces are propelling the market growth.
Online Gambling Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 888 Holdings PLC
- Bet365 Group Ltd.
- Betsson AB
- Cherry Spelgladje AB
- Flutter Entertainment Plc
- Galaxy Entertainment Group
- GVC Holdings Plc
- Kindred Group Plc
- LeoVegas AB
- MGM Resorts International
Key Market Segmentation:
The report has segmented the global online gambling market on the basis of game type, device and region.
Breakup by Game Type:
- Sports Betting:
- Horse Racing
- Live Casino
Breakup by Device:
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Browse Related Reports:
United States Online Gambling Market report: https://bit.ly/3QOZ9AB
Europe Online Gambling Market Report: https://bit.ly/3PPnmp9
Asia Pacific Online Gambling Market Report: https://bit.ly/3wsX6d0
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