The global online gambling market grew at a CAGR of around 12% during 2014-2019. Looking forward, IMARC Group expects the global market has huge potential for growth during 2020-2025.
Online gambling, or virtual gambling, is an internet-based casino or sports-based betting activity. Unlike in-person gambling, it does not involve physical interaction between players, and the sessions are moderated by computer programs. Players can play various virtual games, such as sports betting, poker, blackjack, roulette, and slot machines. The gambling software application can be downloaded on a smart device, or the game can be played through a website. Online gambling platforms offer several benefits, such as cashless transactions, accessibility through any electronic device, personalized budget, and real-time gambling experience.
Online Gambling Market Drivers:
High internet connectivity, along with the rising penetration of smart devices, is driving the growth of the online gambling market. The legalization and cultural approval of online betting in several developed countries are also augmenting the demand for online gambling. Several online sports businesses are establishing high-profile sponsorships with various football and racing clubs, to attract a large consumer base. Moreover, various technological upgradations have led to the advent of virtual reality (VR) and blockchain tools. These tools help in maintaining the transparency of gambling activities to provide an engaging experience to the player. Additionally, rising consumer living standards and the inception of bitcoin gambling are further expected to drive the online gambling market.
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Global Online Gambling Market 2020-2025 Competitive Analysis and Segmentation:
The competitive landscape of the global online gambling industry has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cherry Spelgladje AB
- MGM Resorts International
- Galaxy Entertainment Group
- Kindred Group Plc
- 888 Holdings PLC
- Flutter Entertainment Plc
- Bet365 Group Ltd.
- LeoVegas AB
- Betsson AB
- GVC Holdings Plc
The report has segmented the global online gambling market on the basis of game type, device and region.
Breakup by Device:
Breakup by Game Type:
- Sports Betting
- Horse Racing
- Live Casino
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020- 2025)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Online Gambling Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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