Online Gambling Market 2022: Size, Share, Growth, Value and Industry Trends by 2027
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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 reached a value of US$ 72.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 131.4 Billion by 2027, exhibiting at a CAGR of 9.96% during 2022-2027.
Online gambling involves betting on the casino and sports-based activities over various computer programs and online platforms. Some of the common games include sports betting, blackjack, poker, slot machines, pool, horse racing, and craps. Unlike its traditional counterparts, online gambling sessions are moderated virtually, thus eliminating the need for physical interaction. Apart from this, it offers players enhanced convenience and comfort, loyalty points, different payment options, gift vouchers, and multiple gaming options with secured accessibility.
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.
Online Gambling Market Trends:
- The rising inclination toward online gambling as a preferred entertainment medium due to the outbreak of COVID-19 and the consequent implementation of mandatory lockdowns are primarily driving the market growth.
- This is further supported by the proliferation of smartphones and the easy availability of high-speed internet connectivity across the globe.
- The large-scale integration of blockchain and artificial intelligence (AI) solutions to enable cryptocurrency transactions with improved payment security and transparency is propelling the market growth.
- The widespread adoption of digital technologies to enhance casino gaming interfaces and the emergence of various free-play virtual casino applications are positively impacting the market growth.
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
- Intralot
- 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
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
Breakup by Device:
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2278&flag=C
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.
About Us
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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