According to IMARC Group’s latest report, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global online gambling market reached US$ 66.7 Billion in 2020. According to IMARC Group, the global online gambling market will continue to expand strongly between 2021 and 2026.
Online gambling refers to gambling on casino-style games over the internet. There are a variety of popular casino games available, including poler, roulette, blackjack, sports betting, and slot machines. Placing a wager on a game with the help of a bookie or other gambling enterprises is a popular way to begin online gambling.
Since the sessions are facilitated by online channels, the activity does not involve physical interaction between the players and the bookies. These games can be played via a website or by downloading the required software to the user’s computer. It is gaining popularity among players because it provides enhanced convenience to users while also offering free games, bonuses, cashless transactions, loyalty points, and global access.
The global online gambling market is primarily driven by the rising adoption of high-end smartphones among the masses, as well as the growing proliferation of high-speed internet connectivity. Furthermore, the legalization and cultural acceptance of online gambling activities in various countries, especially in developed economies, is creating a positive outlook for the market.
Several major players are now integrating advanced technologies like blockchain, virtual reality (VR), and 3D animation into these gaming services. This is expected to provide players with a realistic and immersive gambling environment while also assisting in the transparency of gambling activities. Aside from that, industry players are now providing players with live dealers and theme-based games, which are gaining popularity among users. The introduction of bitcoin gambling and the availability of cost-effective mobile gambling apps are two other factors driving market growth.
Key Market Segmentation:
- The market is divided into sports betting (football, horse racing, e-sports, and others), casino (live casino, baccarat, blackjack, poker, slots, and others), and others based on the game type.
- The market has been divided into three categories: desktop, mobile, and others.
- The market has been divided on the geographical front into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa (Brazil, Mexico, and others).
Competitive Landscape With Key Players:
The study the competitive environment of the global online gambling market, including comprehensive profiles of the market’s key players.
The following are some of the key players:
- GVC Holdings Plc
- Betsson AB
- LeoVegas AB
- 888 Holdings PLC
- Galaxy Entertainment Group
- MGM Resorts International
- Cherry Spelgladje AB
- Kindred Group Plc
- Bet365 Group Ltd.
- Flutter Entertainment Plc
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Structure of the Global Market
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
- The Impact of COVID-19 on the Market
We will provide you with additional details that is not currently included in the scope of the report as part of the customization. As the novel coronavirus (COVID-19) crisis takes over the world, we’re continuously tracking on market changes and consumer behavior around the world, and basing estimates our current market trends and predictions on the effects of this pandemic.
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