ONLINE GAMBLING & BETTING MARKET ANALYSIS
Online Gambling and Betting Market Report, by Gaming Type (Poker, Casino, Lottery, Bingo, and Sports Betting), by Device Type (Desktop and Mobile), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Press Release
Online gambling and betting consists of games such as sports betting, lottery, bingo, poker and casino. Sports betting is majorly done on football, baseball, basketball, hockey, track cycling, boxing, and horse racing on online platforms such as Sinclair Broadcast Group, Inc. and bet365. The online gambling and betting games are mostly played on computer, mobile, tablet, and laptop. Gamblers prefer mobile devices over laptops, as mobile gamblers can bet any time from any place. According to a report published by the Gambling Commission, 61% of gambling operators’ revenue comes via mobile devices and 72% of betting stakes are from mobile devices. The money for online gambling and betting can be transferred from a credit card, electric check, certified check, money order or cryptocurrency. Many banks prohibit the use of their card for internet gambling and many electronic money services are available who offer accounts for funding of gambling.
Market trends:
Increasing disposable income of people across the globe, increasing young population in many countries such as India, Ethiopia, and Nigeria, increasing usage of smartphones and other smart devices, and high internet penetration across the globe are major factors driving growth of the online gambling and betting market. Stringent regulatory laws in many countries for online gambling, insufficient internet facility at many locations, and threat of cyber-attack are few restraints affecting the online gambling and betting market growth. Gambling is illegal in United Arab Emirates, Brunei, North Korea, and Qatar.
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Key features of the study:
- This report provides in-depth analysis of online gambling and betting market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global online gambling and betting market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, online gambling and betting market capital, key developments, strategies, and future plans
- Companies covered as part of this study include 888 Holdings, GVC Holdings, Kindred Group, Paddy Power, Betfair, William Hill, Bet365, Stars Group, Draft Kings, Betsson, and BetAmerica. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global online gambling and betting market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation:
- Global Online Gambling and Betting Market, By Gaming Type:
- Poker
- Casino
- Lottery
- Bingo
- Sports Betting
- Global Online Gambling and Betting Market, By Device Type:
- Desktop
- Mobile
- Global Online Gambling and Betting Market, By Region:
- North America
- By Gaming Type
- By Device Type
- By Country:
- U.S.
- Canada
- Europe
- By Gaming Type
- By Device Type
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Gaming Type
- By Device Type
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Gaming Type
- By Device Type
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Gaming Type
- By Device Type
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Gaming Type
- By Device Type
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- 888 Holdings.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- GVC Holdings,
- Kindred Group,
- Paddy Power,
- Betfair,
- William Hill,
- Bet365,
- Stars Group,
- Draft Kings,
- Betsson, BetAmerica
“*” marked represents similar segmentation in other categories in the respective section
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Source
https://www.coherentmarketinsights.com/market-insight/online-gambling-and-betting-market-2511