Online Gambling Market Size, Share, Growth, Industry Trends and Forecast Analysis 2022-2027
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The latest report published by IMARC Group, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global online gambling market. The report also includes competitors and regional analysis, and contemporary advancements in the market.
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 consists of gaming sessions that are controlled and moderated by a computer program, thus eliminating the need for any physical interaction. It involves wagering on sports-based activities and casino games, such as roulette, bingo, lotteries, poker, and blackjack, through e-banking accounts. Online gambling offers several benefits, including loyalty points, global access, flexible payment options, convenience and free games.
Online Gambling Market Trends:
- The increasing consumer expenditure power, rising internet penetration, and the rapid proliferation of smartphones are the primary factors driving the global online gambling market growth.
- This is further supported by the legalization of online betting across several nations and the convenient access to them through online platforms.
- Governments are encouraging social distancing due to the COVID-19 outbreak, which, in turn, has surged the traffic on online gambling websites, further providing a considerable boost to the market.
- The widespread adoption of digital technologies, such as virtual reality (VR), helps generate the simulation of surroundings for users to interact with, thus offering a more immersive gambling experience. This, in confluence with the integration of blockchain technology to make secure payments and ensure transparency in gambling activity, is creating a positive outlook for the market.
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.
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