The Global Online Gambling and Betting Market is cherished to reveal a substantial growth of a CAGR of 11.8% during the forecasted period of 2022 to 2030. The Global Online Gambling and Betting Market was valued at USD 69,059.3 million in 2021 and is estimated to display a gigantic move of USD 1,88,450.98 million by 2030.
Online betting and gambling is a relatively new phenomenon. Gambling is the act of putting something of worth on the line in the hopes of winning something as valuable while being aware of the risk involved. Therefore, there are three components to gambling: consideration, risk, and a reward. Internet technology is used to manage online gambling. This includes online casinos, poker, and sports betting. In October 1994, the first gambling establishment opened to the general public.
Online gambling is the act of betting on risky games with the hope of winning cash. Sports events, casino games, and well-known card games like poker are included in this.
Due to the fact that the player does not need to be physically present but can instead access the internet via multiple virtual
Global Online Gambling and Betting Market: Key Trends
Online foot-ball betting is charging the market growth
The online betting is predominantly applied to sports category, specifically in football events such FIFA world cup and European Championship. Several online programmers are sponsoring different teams as a part of their marketing and promotional activities. For example, the brand Bwin, an innovative online sports brand across the Continental Europe accomplished global appreciation from high-profile football sponsorships from clubs, such as Real Madrid and AC Milan.
Easy availability of electronic gambling devices with convenient cost is boosting the market
The electronic gambling devices (EGD) are economical in price and easily available. These devices have inbuilt soft wares that mimic like the real time casinos. These devices use advanced technology, that can also be converted to electronic slot machines, spinning reel slot machines, video slot machines, and electronic poker games. This facility is boosting the market.
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Covid-19 impact on market
Though the recent pandemic that hit the world, completely changed management of health care and financial sector, the online gambling and betting market was witnessing an accelerated growth during the pandemic. Moreover, rise in secured digital payment options is also another factor contributing the growth of the market.
Global Online Gambling and Betting Market: Segmentation Analysis
The Market has been segmented into sections namely, Type and Application, and region
Top Key Players:-
- GSN games
- Amaya Inc. (Flutter Entertainment plc )
- Playtech PLC.
- Fortuna Entertainment Group
- 888 Holdings PLC.
- Playtika Holding Corp.
- Betclic Group
- Scientific Games Corporation
- MGM Resorts International
- Kindred Group plc
- IGT
- Aristocrat Leisure
- William Hill PLC
- Zynga
- Bet365 Group Ltd
- Betsson AB
- LeoVegas AB
- SAZKA a.s
- Tabcorp
Based on Type:
Based on Type the market is further divided into
- Poker
- Casino
- Social Gaming
- Lottery
- Bingo
- Sports Betting
- Others
By Application:
On the grounds of Application, the market is further divided into
- Desktop
- Mobile
- Tab
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Table of Contents
- Market Introduction and Market Overview
- Market – Executive Summary
- Market Trends, Outlook, and Factors Analysis
- Market: Estimates & Historic Trend Analysis (2018 to 2021)
- Market Estimates & Forecast Trend Analysis, by Deployment
- Market Estimates & Forecast Trend Analysis, by Component
- Market Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Market Analysis and Forecast, by Region
- North America Online Gambling and Betting Market: Estimates & Forecast Trend Analysis
- Europe Online Gambling and Betting Market: Estimates & Forecast Trend Analysis
- Asia Pacific Online Gambling and Betting Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Online Gambling and Betting Market: Estimates & Forecast Trend Analysis
- Latin America Online Gambling and Betting Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
Frequently Asked Questions About This Report
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- Who are the key players in online gambling market?
- What are the factors driving the online gambling market?
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