According to a recent market study published by Growth Market Reports, titled, “Global Online Gambling Market by gauge type, by applications, by distribution channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 67,101.4 Million in 2021 and is anticipated to grow at a growth rate 12 % by the year 2030.

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Online sports betting began shortly after the early online casinos. The first site for online sports betting was every game in 1996. Online gambling gained significant amount of popularity due to the convenience and ease of use it offers. To attract players to online casinos, the companies offer a variety of payback strategies and benefits to their members. Easy accessibility is another factor boosting the online gambling industry, as players can access online casinos or sportsbooks from any location with an internet connection, contrary to traditional gambling, which typically requires physical sites, such as casinos or racetracks. Online gambling has low betting limits, making it an economical choice for many players. The payments are handled online differing from traditional gambling. Profits from online gambling are typically electronically transferred into the player's account, while rewards in traditional gambling are normally made in cash. Online gamblers may find this to be a significantly beneficial, as it eliminates the need to physically take money from a bank or other venue. Online gambling continues is expected to rise with technological advancements in the coming years.

The Global Online Gambling Market is segmented on the basis of type, application, and regions.

Based on types, the global online gambling market is segmented into poker, sports betting, casinos, and others. The sports betting segment is expected to gain a substantial market share in the forecast period due to the growth of the sports betting industry driven by the effective use of computers and cell phones to place wagers on sporting events.

In terms of application, the global online gambling market is bifurcated into desktops and mobiles. High penetration and adoption of internet devices and smartphones are driving the mobile device segment. Developing countries across the world are witnessing a considerably high adoption rate of smartphones, exponentially increasing online mobile gambling.

On the basis of region, the global online gambling market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to account for a substantial share of the market during the forecast period. The legalization of gambling in several countries in Europe such as Italy, France, Spain, and Germany, is projected to drive the market in the region. The growing popularity of e-sports and other sporting events propels the market in the Asia Pacific. Additionally, the growth of the market in the region is attributed to the rising usage of internet services and the relaxation of regulations governing online gaming and betting.

The outbreak of Coronavirus Disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets, thereby creating manufacturing issues.

Key Takeaways of Online Gambling Study

  • Key players operating in the market are Flutter Entertainment plc, Bet365 Group Ltd, Entain, The Stars Group Inc, SGHC Ltd, 888 Holdings PLC, Kindred Group PLC, Evolution, Bests on AB, and Catena Media. These companies are considered as key manufacturers of online gambling based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
  • Based on types, the global online gambling market is segmented into poker, sports betting, casinos, and others. The sports betting segment is expected to gain a substantial market share in the forecast period due to the growth of the sports betting industry driven by the effective use of computers and cell phones to place wagers on sporting events. The sports betting segment is fueled by the widespread use of sports betting advertisements worldwide. The casino’s segment is expected to expand due to the rising popularity of social gambling and gambling apps. Additionally, increasing popularity of mobile devices around the world encourages developers to create social casino games. Growing popularity of smartphones worldwide is encouraging manufacturers to offer casino games through internet distribution channels.
  • In terms of application, the global online gambling market is bifurcated into desktops and mobiles. High penetration and adoption of internet devices and smartphones are driving the mobile device segment. Developing countries across the world are witnessing a considerably high adoption rate of smartphones, exponentially increasing online mobile gambling. The desktop has a larger screen than mobiles, allowing users to enjoy the game's details and images. Factors such as picture clarity, sound volume, and adjustable storage space are expected to fuel the desktop segment during the forecast period.
  • On the basis of region, the global online gambling market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to account for a substantial share of the market during the forecast period. The legalization of gambling in several countries in Europe such as Italy, France, Spain, and Germany, is projected to drive the market in the region. Growing popularity of e-sports and other sporting events propels the market in Asia Pacific. Additionally, the growth of the market in the region is attributed to the rising usage of internet services and the relaxation of regulations governing online gaming and betting.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 67,101.4 Million

Market Growth Rate (from 2015 to 2030)

12 %

Historical Data

2019 & 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type (Poker, Casino, Sports Betting, and Others), By Application (Desktop and Mobile), By Region

Key Companies Profiled

Flutter Entertainment plc, Bet365 Group Ltd, Entain, The Stars Group Inc, SGHC Ltd, 888 Holdings PLC, Kindred Group PLC, Evolution, Bestson AB, and Catena Media

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: Household Appliances, Computers and Consumer Electronics, Medical Devices, and Industrial/Commercial.