Global Online Gambling Market Overview And Prospects – Includes Online Gambling Market Share
Learn about the global online gambling market through The Business Research Company, which provides information on online gambling market size, online gambling market drivers and restraints, online gambling market players, the COVID-19 impact on the online gambling market, and more.
The online gambling market is expected to grow from $76.79 billion in 2020 to $127.45 billion in 2025 at a rate of 10.7%. The online gambling market is then expected to grow at a CAGR of 8.6% from 2025 and reach $192.26 billion in 2030
Globally, there has been a spike in the number of users of online gambling platforms during the pandemic lockdown.
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The online gambling market consists of sales of gambling activities on the internet by entities (organizations, sole traders or partnerships) that operate online gambling facilities such as online casinos, online bingo, online lotteries, online poker, and online video games and sports betting, among others. These services allow the users to wager real time money while playing remotely or from any location in the world. The online gambling market includes sales of gambling services on different devices such as mobile, desktop and others.
Global online gambling market segments include:
By Game Type: Betting, Casino, Lottery, Poker, Online Bingo, Others
By Device: Desktop, Mobile, Other devices
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the online gambling market, accounting for 31.9% of the total in 2021
The companies in the online gambling market are increasingly investing in Artificial Intelligence (AI) for improving the overall experience for customers. With the help of AI, personalization for each user is possible as the technology can analyze the preference of the user in terms of game selection and offer a customized welcome page accordingly, helping the user to save time spent on looking for the right game. AI also helps in providing customer support in the form of chat-bots for resolving queries. Through AI, behavior patterns and gaming frauds can also be checked, which helps in preventing frauds and locks out scammers.
Major Market Players: Flutter Entertainment plc, bet365 Group Ltd., Entain plc, Kindred Group plc, William Hill PLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Online Gambling Market Report 2022 is one of a series of new reports from The Business Research Company that provides online gambling market overviews, analyzes and forecasts market size, share, online gambling market players, online gambling market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s online gambling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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