Online gambling

$114.21 Billion Growth in Online Gaming Market | Dominated by 888 Holdings Plc, bet365 Group and Betsson Ab among others

Our comprehensive report offers a detailed analysis of the market size, key driving factors and future opportunities for vendors.

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Online gambling market: provider landscape

the online gambling market is fragmented due to the presence of several suppliers. However, only a few major players dominate the market. With increasing competition, the market is witnessing an increase in the number of mergers and acquisitions activities among vendors. 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, GVC Holdings Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, MGM Resorts International and William Hill Plc are some of the major players in the market. Marlet.

888 Holdings Plc: The company offers casinos, poker, bingo and sports betting.

bet365 Group: The company offers online casino and poker games, including sports and in-play betting.

Betsson Ab: The company offers online betting for various sports.

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Online gaming market 2020-2024: segmentation

The online gambling market is segmented as follows:

  • Type
  • Device
  • Geography
    • APAC
    • Europe
    • AEM
    • North America
    • South America

By type, the market generates the highest revenue in the lottery segment. The segment is driven by the growing expectation of high returns, especially from lower income groups. In addition, factors such as development of gambling infrastructure that improves consumer experience, increase in foreign investment due to strong market attractiveness, and relaxation of government regulations and policies will accelerate further market growth in the lottery segment over the forecast period.

Likewise, by device, the desktop computer segment accounted for the maximum market growth in 2021. Desktop computers provide a better experience as they have larger screens than mobile devices. Additionally, most of the online gambling offerings are web-based, which helps the growth of the segment.

Based on the geographic segmentation, APAC will generate maximum growth opportunities for market players over the forecast period. Around 36% of the global market growth will come from APAC during the forecast period. Factors such as the liberalization of regulations and the increasing number of casinos and lottery events are driving the growth of the online gambling market in the APAC region.

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Online Gambling Market 2020-2024: Key Highlights

  • Market CAGR over the forecast period 2020-2024
  • Detailed information on the factors that will contribute to the growth of the online gambling market over the next five years
  • Estimation of the size of the online gambling market and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the online gambling market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Complete details of the factors that will challenge the growth of the Online Gambling Market vendors

Related reports:

US Lottery Market by Type and Platform – Forecast and Analysis 2021-2025

Slot Machines Market by Product and Geography – Forecast and Analysis 2021-2025

Scope of the online gambling market

Report cover

Details

Page number

120

base year

2019

Forecast period

2020-2024

Growth momentum and CAGR

Decelerate at 11% CAGR

Market Growth 2020-2024

$114.21 billion

Market structure

Concentrated

Annual growth (%)

12.04

Regional analysis

APAC, Europe, MEA, North America and South America

Successful market contribution

APAC at 36%

Main consumer countries

China

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, GVC Holdings Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, MGM Resorts International and William Hill Plc

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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