Our latest research report entitled Online Gambling and Betting Market (by game type (poker, casino, sports betting, social gaming, lottery, bingo, and others), device type (mobile, and desktop)) provides complete and deep insights into the market dynamics and growth of online gambling and betting. Latest information on market risks, industry chain structure online gambling and betting cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential online gambling and betting growth factors. the global online gambling and betting market is projected to grow at a CAGR of 10.3% over the forecast period of 2018-2024.
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What is the Market Size of the Global Online Gambling and Betting Market?
Online gambling and betting are wagering of money or value to gamble or bet online on a certain event to win money or material goods. Online gambling or betting is wagering money through the use of internet on casino or sports games. First online casino was founded in 1990 and multiplayer online gambling introduced in 1999. Online gambling and betting include mobile gambling and in-play gambling. Mobile gambling is playing games for money or material goods using remote devices with a wireless internet connection. In-play gambling is betting on live sports on sports betting websites.
What are the Major Drivers, Restraints, Opportunities, Challenges, and Industry Trends and their Impact on the Online Gambling and Betting Market Forecasts?
Online gambling and betting market are growing due increase in the usage of smartphone and rapidly increasing wireless internet connectivity globally. Implementation of virtual reality in gaming industries is the driving factor of the global online gambling and betting market. The user may suffer money loss due to the duplicate online gambling sites which hamper the growth of the market. Strict government regulations in some countries such as China and India may restrain the growth of the market.
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What are the Market Segments of Global Online Gambling and Betting Industry?
Online Gambling and Betting Market is segmented on the basis of the game type and device type. Game type is further segmented into Poker, Casino, Sports Betting, Social Gaming, Lottery, Bingo and Others, in which sports betting hold highest market share in the global Online Gambling and Betting Market as an increase in a number of sports played worldwide. By device type, the market is bifurcated into Mobile and Desktop. The desktop is dominant in the global online gambling and betting market. Mobile segment is expected to grow with the highest CAGR due to the increase in the usage of smartphones.
What is Regional Growth and Key Segmentation of Online Gambling and Betting Market?
Online Gambling and Betting Market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). North America and Europe holds the highest market in the Global Online Gambling and Betting Market as it is legal in some provinces of these regions. In North America, the U.S. dominates the market followed by Canada and Mexico. Asia-Pacific is expected to grow with the highest CAGR during 2018-2025. Increase in usage of Internet-based devices and rising numbers of online gambling and betting sites with exclusive and attractive offers is the driving factor for the Asia-Pacific region in the forecasted period of time.
What is the Market Major Key Players and the Regions of the Online Gambling And Betting Industry?
The Global Online Gambling and Betting Market comprises with the players The Stars Group Inc., the 888 Group, Fortuna Entertainment Group, mybet Holdings SE, GVC Holdings PLC, BETSSON AB (publ), Bet365 Group Ltd (Hillside (Sports) ENC & Hillside (Gaming) ENC), Paddy Power Betfair, Betway Limited and The Hong Kong Jockey Club. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Online Gambling and Betting.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.