US Online Gambling Market 2020 Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2025

Global Online Gambling (COVID-19) Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

The Online Gambling market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

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Global Online Gambling Market is valued at USD 47.57 Billion in 2018 and expected to reach USD 94.37 Billion by 2025 with the CAGR of 10.28% over the forecast period.

Scope of Global Online Gambling Market Report–

Gambling refers to the risking money or anything of material value for uncertain results. Online gambling is commonly known as internet gambling which is typically having a bet on casino or other sports type games over the Internet. The gambling varies from sports bets to casino style games include different games like roulette, poker, slots, lotteries, bingo and keno. The first online gambling Web sites were launched in the 1990 in the United States. In addition, online gambling differs from in-person casino gambling in many different ways, where there is no any interaction between the players and the dealer. Today’s online gambling websites provide exciting and modern interfaces that may be especially attractive to younger players and to those who enjoy video games. These websites use celebrities for promotion and sometimes they take part in the tournaments to add the glamour and excitement together.

Global Online Gambling Market is segmented on the basis of by type, platform and region & country level. Based on type, online gambling market is segmented into online betting, online casino and online lottery. Based upon platform, the market is classified into desktop and mobile.

The regions covered in this online gambling market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Online Gambling market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Online Gambling Market Report–

Key players of the online gambling market are MGM Resorts International, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA., William Hill Plc among, 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc and others.

Global Online Gambling Market Dynamics–

Increased use of internet gambling by young people due to the fact that it has no payment restrictions and rapidly growing smartphone penetration with high participation in gambling activities are the major factors contributed to the increasing demand of online gambling. For example; Smartphone gambling have been fastest growing segment than traditional forms of gambling for last few years. It is estimated that around 8.92 million people in the UK gamble and more than half of the young individuals playing games through mobile or tablet. According to the World gambling statistics reported that about 25% of the population gamble meaning that nearly 1.4 billion people worldwide gamble and 4.1 billion gamble at least once every year. When it comes to online gambling, the UK reports concluded that approximately 17% of the population gambles online. In addition, growing importance of internet along with the rise of social networking channels is another key factor propelling the growth of this market. Most online gambling operators are located in the Netherlands Antilles, Gibraltar and United Kingdom (UK) among others. However, some countries mandate the laws towards the online casino gaming structure, so it may difficult for online gambling industry to access certain gaming facilities. This may hinder the online gambling market growth up to some extent.

Europe is Expected to Dominate the Global Online Gambling Market Throughout the Forecast Period.

Europe is expected to dominate the global online gambling market due to the rapid growth in innovation coupled with increasing number of casino platforms and shifting of government’s supportive landscape for the promotion of online gaming activities in this region. For example; European gaming & betting association (EGBA) member companies provide their services across 20 EU Member States processing over 121 different online gambling licenses in order to access online gambling. In addition, in 2015 globally EU market made around 47.6% of the USD 37.50 billion of online gaming gross win generated. North America is expected to be the fastest growing region in online gambling market. The U.S. is leading its way in gambling with the large casino industry. Nevada, New Jersey and Delaware are among the first states to legalize online gaming. Now, Delaware and New Jersey have permitted online casinos and poker sites with increased in casino gaming revenue.

Key Benefits for Global Online Gambling Market Report–

Global market report covers in depth historical and forecast analysis.Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.Global market report helps to identify opportunities in market place.Global market report covers extensive analysis of emerging trends and competitive landscape.

Global Online Gambling Market Segmentation:–

By Type:

Online Betting
Online Casino
Online Lottery

By Platform:

Desktop
Mobile

By Regional & Country Analysis:

North America

US.
Canada

Europe

UK.
France
Germany
Italy

Asia Pacific

China
Japan
India
Southeast Asia

Latin America

Brazil
Mexico

Middle East and Africa

GCC
Africa
Rest of Middle East and Africa

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What are the key takeaways of this report?

An exhaustive pricing analysis has been tackled with respect to the product terrain, application spectrum, and regional landscape
A comprehensive summary about the key market players and prominent companies functioning in the Online Gambling market to understand the competitive prospect of the global market
Vital information entailing the regulatory scenario the defines the market, alongside the inflow of investments by majority stakeholders in the global market
An in-depth evaluation of varied trends that are fueling the overall market growth and their influence on the projection and dynamics of the global market
A descriptive guide that identifies the essential aspects, in tandem with numerous growth opportunities available in the global market
Well-detailed documentation of a great number of aspects persisting in the global market which will favor important developments

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