The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing adoption of smartphones with the improved internet accessibility are expected to drive innovation in online gambling manufacturing, thus driving the market during the forecast period.

The global online gambling market is expected to grow from $81.08 billion in 2022 to $88.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The global online gambling market size is expected to grow to $125.6 billion in 2027 at a CAGR of 9.1%.

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Global Online Gambling Market Segments Include:

• By Game Type: Betting, Casino, Lottery, Poker, Online Bingo, Others
• By Device: Desktop, Mobile, Other Devices
• By Component: Software, Services
• 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 is the largest region in the global online gambling market in 2021.

Major Market Players in the online gambling market include 888 Holdings PLC, Bet365 Group Ltd., Betsson AB, William Hill PLC, VGC Holdings PLC, Kindred Group PLC, Sky Betting & Gaming, Stars Group Inc.

Technologies such as Blockchain, IoT, and VR are changing everything in every field including online gambling. Virtual Reality and VR Headsets have gained a lot of popularity in recent years and are a revolutionary addition to the world of online gambling. With VR, one can enter a virtual casino and play all the games without having to travel. However, fraud and cheating were majorly concerning the users of online gambling. A lot of online casinos and online gambling sites have been accused of not being transparent and hiding their internal workings and the methods for their dealings. These concerns can be addressed using blockchain technology. With blockchain technology, everyone will be able to see exactly what is going on behind the scenes. Games such as SlotsMillion, Casino VR Poker, and The Gear that are played through VR are engaging customers and shaping the online gambling industry.

The Online Gambling Global Market Report 2023 provides a online gambling market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online gambling market forecast analyzes online gambling market size, online gambling market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Online Gambling is the use of the internet for the act of wagering money or something of value on an event with an uncertain outcome that is not under the gambler’s control, with the intent of winning something else of value, often money.

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