According to the latest report of the IMARC group, entitled “online gambling market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the 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% during the period 2022-2027. Online gambling refers to betting activities in casinos or sports-type games on the Internet. It works over the internet and runs on multiple server points around the world. Online gambling includes popular games such as roulette, poker, slots, lotteries, bingo and keno. The gambling process involves placing a bet on a game with the help of a bookmaker or gambling company. The games are downloaded via necessary software onto smart devices, which does not require any physical interaction between the gamblers and bookmakers.
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Market Trends and Drivers:
The online gambling market is mainly driven by increasing internet penetration and the use of mobile phones, which improve access to online gambling. Additionally, online gaming offers convenient, real-time gaming experiences for players and customizable budgets. It also offers free games, bonuses, cashless transactions, loyalty points and global access, which, in turn, drives the growth of the market. Additionally, online gambling platforms are expanding their presence by engaging in celebrity and corporate endorsements, which creates a positive outlook for the market. In addition to this, the integration of artificial intelligence (AI), chatbots, and machine learning also facilitates the growth of the market. Also, various countries are legalizing online gambling as it creates a high employment rate and helps in generating income.
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
- Kindred Group Plc
- LeoVegas AB
- MGM Resorts International
- Bet365 Group Ltd.
- Betsson AB
- Cherry Spelgladje AB
- Flutter Entertainment Plc
- Galaxy Entertainment Group
- GVC Holdings Plc
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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