Japan Online Gambling Market Size to Surpass US$ 10.7 Billion by 2028, exhibiting a CAGR of 6.3%
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IMARC Group has recently released a new research study titled "Japan Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, the Japan online gambling market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
What is online gambling?
Online gambling, often referred to as iGaming, is the act of using the internet to place bets on a wide array of games that blend elements of chance and skill. These games encompass a broad spectrum, ranging from traditional casino games to sports betting and online poker. Despite stringent regulations in Japan, the practice of online gambling has witnessed a surge in popularity in recent years, primarily due to the unmatched convenience and accessibility it extends to players.
Online gambling platforms, commonly known as bookies or betting shops, facilitate users in placing wagers on their preferred games. These platforms encompass a diverse selection of games that replicate the atmosphere and excitement of physical casinos. Some of the most popular online gambling options include sports betting, blackjack, poker, roulette, and slot machines.
The allure of online gambling lies in its ability to bring the thrill of betting and gaming directly to the fingertips of players, allowing them to partake in their favorite activities from the comfort of their own homes. However, its important for individuals engaging in online gambling to exercise caution, gamble responsibly, and be aware of the regulations governing their jurisdiction to ensure a safe and enjoyable experience.
Market Trends and Growth Drivers:
A positive outlook for the online gambling market in Japan is being fueled by a number of key factors. The widespread adoption of smartphones and other mobile devices is allowing players to access online gambling sites from anywhere at any time, and user-friendly features are making these applications more popular than ever.
Additionally, several companies are now offering users the ability to play online casino games for real money through mobile apps, which is further contributing to the markets growth. High disposable income levels, increasing consumer expenditure on leisure activities, and the steadily expanding gaming industry are also playing a role in the markets growth. Overall, these factors are creating a bright future for the online gambling market in Japan. .
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Game Type:
- Sports Betting
- Casino
- Others
Breakup by Device:
Regional Analysis:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Structure of the Global Market
- 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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