According to the latest report of the IMARC group, entitled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027the global online gambling market reached a value of US$72.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$131.4 billion. by 2027, growing at a CAGR of 9.96% in 2022-2027. Online gambling is the activity of betting on casino games or sports activities, such as poker, blackjack, roulette, bingo and lotteries, through online bank accounts. Game sessions are controlled and moderated by a computer program, eliminating the need for any physical interaction. Online gambling offers various benefits including free games, loyalty points, worldwide access, flexible payment options, convenience, and a customizable budget. Players can also access these games online using software, application or website.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Market Trends and Drivers:
The legalization of online betting in various countries represents one of the main growth factors. Convenient access to online gambling portals through the easy availability of high-speed internet, especially in emerging economies, is also driving the growth of the market. Government regulations to encourage social distancing due to the rapid outbreak of Coronavirus (COVID-19) has facilitated traffic on online gambling sites, which further creates a positive outlook for the market.
Competitive Analysis and Segmentation of the Online Gambling Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of the global Online Gambling Market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
- 888 Holdings PLC
- Bet365 Group Ltd.
- Betsson AB
- Cherry Spelgladje AB
- Flutter Entertainment Plc
- Galaxy Entertainment Group
- GVC Holdings Plc
- Kindred Group Plc
- LeoVegas AB
- MGM Resorts International
Key Market Segmentation:
The report has segmented the global online gambling market on the basis of game type, device and region.
Breakdown by game type:
- sports betting
- Horses race
- Live Casino
- black jack
- Slot machines
Breakdown by device:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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