We use cookies for a better user experience. Read our Privacy Policy I Agree Home / Consumer Goods / Retail / Online Gambling & Betting Market Online Gambling & Betting Market Online Gambling & Betting Market (Gaming Type: Poker, Casino, Social Gaming, Lottery, Bingo, Fantasy Sports, and Sports Betting) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 Global Online Gambling & Betting Market Outlook 2031 The global online gambling & betting market was valued at US$ 62.0 Bn in 2021 It is estimated to advance at a CAGR of 11.5% from 2022 to 2031 The global online gambling & betting market is expected to reach US$ 182.2 Bn by the end of 2031 Analysts’ Viewpoint on Global Online Gambling & Betting Market Scenario Increase in adoption of smartphones and rise in penetration of the internet are driving the global online gambling & betting market. The market grew at a rapid pace during the peak of the COVID-19 pandemic due to extended lockdowns across the globe and rise in online gaming activities over outdoor games and activities. Increase in internet-based gambling has also led to significant growth in the online casino market. This trend is expected to continue in the next few years. Rise in launch of VR-based headsets is also anticipated to boost the market during the forecast period. VR online gaming offers a real-time experience to gamers. Relaxation in laws regarding online gambling and betting is likely to provide lucrative opportunities to market players during the forecast period. Report Preview Table of Content Transparency Plus Rep Id : TMRGL2662 October 2022 Consumer Goods 326 Pages Request FREE Sample Select License Type Buy Now Safe and Secure SSL Encrypted Get A Special pricing for start-ups and universities. Request Discount Single User license $5795 Multi-User license $8795 Corporate license $11795 Search report Keywords Online Gambling & Betting Market Introduction Online gambling and betting consist of games such as poker, casino, sports betting , lottery, online football betting, and online cricket betting. These games are played on smartphones, tablets, PCs, and other digital platforms. Users witness gambling and betting activities in real-time through their internet-based devices or other electronic devices. People around the world are spending increasing amount of time and money on online gambling sites. This can be ascribed to the rise in disposable income and growth in confidence of the people in online sports betting. The online gambling & betting market is expected to witness a paradigm shift during the forecast period depending upon the regulatory environment. Request a sample to get extensive insights into the Online Gambling & Betting Market Rise in Adoption of Smartphones and Increase in Penetration of Internet Fueling Online Gambling & Betting Market - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. We offer 100% Free Customisation at the time of purchase Connect To Analyst - Trusted Partners - Smartphones and tablets have become the convenient mode for gambling and betting with high- speed internet, as users are engaged in gambling websites with a minimum impact on their daily activities. Thus, internet and smartphones are expected to play a key role in driving the demand for online gambling apps in the next few years. According to the Cisco Visual Networking Index, 2015 – 2021, the global smartphone connection speed was expected to reach 12.5 Mbps in 2021 from 7.5 Mbps in 2015. Furthermore, the tablet connection speed was estimated to reach 16.2 Mbps in 2021 from 11.6 Mbps in 2015. This would indirectly influence the adoption of video streaming and instant messaging services in the next years, triggering the growth of the sports betting market through mobile devices. Enhanced user experience through the development of better mobile applications and implementation of 4G and 5G networks is likely to augment the smartphone- based gaming industry market during the forecast period. Increase in Launch of VR-based Headsets Across Globe Users are increasingly seeking new and technologically advanced sources of entertainment due to the rise in disposable income. Virtual Reality (VR) in gambling provides an attractive source of entertainment, as users can experience the real environment during a game. It also enables users to be virtually present in the real-time online casino sections and better socialize with other players. NetEnt AB and Microgaming Software Systems Ltd. provide VR online poker, casinos, and sports betting games. Thus, according to the demand analysis of the online gambling & betting market, the integration of VR is expected to contribute significantly to the growth of the online gaming & betting market during the forecast period. Gamification is expected to play a crucial role in disrupting the market in the near future owing to the rise in adoption of mobile devices in online gambling and betting. Market players are focusing on ways to generate customer loyalty in the online gambling industry. Gamification is expected to provide an edge to market players, as it offers strategies such as real-time performance analytics, competition with player friends, virtual rewards, and loyalty bonuses. This is projected to generate brand loyalty in gamers and distinguish a company’s games from those of its competitors. Exponential Growth in Sports Betting Across Globe 866-552-3453 +1-518-618-1030 Contact by email Quick Contact Why trust Us? 5 Million+ Market Data - Related Reports - Nutricosmetics Market Sheet Face Mask Market Electronic Equipment Repair Service Market Glass Tableware Market Smart Card Market In terms of gaming type, the global online gambling & betting market has been segregated into poker, casino, social gaming , lottery, bingo, sports betting, and fantasy sports. The sports betting segment is expected to dominate the global market during the forecast period owing to increase in popularity of sports such as football and cricket. Other segments such as casino, poker, lottery, social gaming, bingo, and fantasy sports are also expected to grow significantly during the forecast period, as many online betting games offer real money. The top 10 online casinos are Red Dog, Slots.lv, Super Slots, Cafe Casino, Slots Empire, Ignition, Wild Casino, Las Atlantis, El Royale, and Intertops. Regional Outlook of Global Online Gambling & Betting Market Europe dominated the global online gambling & betting market in 2021, owing to the rise in popularity of sports betting in the region. The market value of online gambling & betting in Asia Pacific is anticipated to grow at a lucrative CAGR during the forecast period. The primary drivers of the online gambling & betting market in the region are relaxation of laws regarding online gambling and betting, rise in internet penetration, and increase in presence of gambling & betting sites with attractive offers. The market in North America is also expected to grow significantly during the forecast period. Analysis of Key Players in Global Online Gambling & Betting Market The global online gambling & betting market is consolidated, with a few large-scale vendors controlling majority of the share. Most firms are investing significantly in marketing and sponsorship activities to enhance their share in the global market. Expansion of product portfolios and mergers & acquisitions are the major strategies adopted by key players. 888 Holdings plc., The Stars Group, Paddy Power Betfair plc, Fortuna Entertainment Group, GVC Holdings Plc, Bet365 Group Ltd, Betfred Ltd., The Betway Group, Kindred Group, William Hill plc, Betsson AB, Mybet Holding, and Rank Group are prominent entities operating in this market. Request a custom report on Online Gambling & Betting Market Key Developments in Global Online Gambling & Betting Market In September 2022 , 888 Holdings plc. entered into an agreement with Caesars Entertainment, Inc. to acquire the international (non-U.S.) business of William Hill in order to become the global leader in online betting and gaming In April 2022 , 888 Holdings plc. launched its 888sport, 888casino, and 888poker brands under a local license in Ontario, Canada In November 2021 , Betway partnered with the NHL team Philadelphia Flyers as its Official Sports Betting Partner In October 2021 , Betway announced a deal to become a partner of the NBA team Miami HEAT. The multi-year partnership will see the brand have a strong presence around FTX Arena with courtside LED and Baseline Apron signage, showcasing Betway to loyal HEAT fans in the arena and the global TV audience. The agreement will also see Betway become the Preferred Free to Play Gaming Partner of Miami HEAT. Each of these players has been profiled in the online gambling & betting market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Global Online Gambling & Betting Market Snapshot Attribute Detail Market Size Value in 2021 US$ 62.0 Bn Market Forecast Value in 2031 US$ 182.2 Bn Growth Rate 11.5% (CAGR) Forecast Period 2022–2031 Historical Data Available for 2017–2020 Quantitative Units US$ Bn for Value Market Analysis It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Competition Landscape Market share analysis by company (2021) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Format Electronic (PDF) + Excel Market Segmentation Gaming Type Poker Casino Social Gaming Lottery Bingo Fantasy Sports Sports Betting Football Rugby Basketball Hockey Cricket Others (Baseball, Cycling, etc.) Device Type Desktops & Laptops Mobiles & Tablets Gaming Source Foreign Gaming Sources Local Gaming Sources Regions Covered North America Europe Asia Pacific Middle East & Africa South America Countries Covered U.S. Canada Rest of North America UK France Germany Rest of Europe China India Japan Rest of Asia Pacific GCC South Africa Rest of Middle East & Africa Brazil Rest of South America Companies Profiled 888 Holdings plc. The Stars Group Paddy Power Betfair plc Fortuna Entertainment Group GVC Holdings Plc Bet365 Group Ltd Betfred Ltd The Betway Group Kindred Group William Hill plc Betsson AB Mybet Holding Rank Group Customization Scope Available upon request Pricing Available upon request Frequently Asked Questions Interested in this report? Get a FREE sample now! Get Free Sample *Get Sample Report (PDF) sent to your email within minutes How big was the global online gambling & betting market in 2021? The global online gambling & betting market was valued at US$ 62.0 Bn in 2021 What would be the CAGR during 2022-2031? What are the prominent drivers of the online gambling & betting market? How is sports betting performing in the online gambling & betting market? How promising is the Asia Pacific region in the online gambling & betting market? Who are the prominent players in the online gambling & betting market? PDFmyURL.com - convert URLs, web pages or even full websites to PDF online. 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