Online Gambling & Betting Market – Snapshot

Global online gaming market represents one of the fastest growing segments of the gambling industry. Despite the regional and country wise restrictions, in 2018 the market already produced more than US$ 48.9 Bn in worldwide revenue and is projected to grow to over US$ 134.5 Bn by 2027. Relaxation of laws and regulation across the globe for online gambling is anticipated to drive the market. Further, advances in technology and increasing accessibility of the web internet gambling sites with multiple benefits and rewards is attracting among the users. However, Sports betting, casino, and poker is expected to remain competitive during the forecast period from 2019 to 2027.

fa online gambling betting market

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The European Gambling & Betting Association has been banging the drum for standard technical requirements for online gambling operators in regulated EU markets. They are expected to continue their efforts in coming years. Moreover, live casino and table games are seeing huge rise in popularity in last few years. Suppliers have bolstered their platforms and studios with upgrades and new features.

In online gambling, companies provide different games, such as, casino, poker, sports betting, lottery, and other games to end-users through an Internet-based digital platform. This allows users to witness and engage in gambling and betting activities in real-time through their Internet-enabled electronic devices. Rise in penetration of Internet-based devices, trust on wagering through online mode of payment, and relaxation of laws have boosted the online gambling & betting market across the globe.

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On the basis of device type, the global online & betting market is divided into mobile, desktop, and tablet. In terms of value, desktop was the largest segment of the online gambling & betting market in 2018. The mobile segment is anticipated to expand at a significant CAGR of around 16 % during the forecast period. Increase in internet users through smartphones is expected to be a key factor in online gambling & betting. Companies are working on to change their business models in order update their system with the demand and regulations. Some of the key players operating in the online gambling & betting market players profiled in the report include

  • 888 Holdings plc.
  • The Stars Group
  • Paddy Power Betfair plc
  • Fortuna Entertainment Group
  • GVC Holdings Plc.
  • Kindred Group.

The global online gambling & betting market is segmented on the basis of gaming type, device type, and region. As per gaming type, the online gambling & betting market is segregated into poker, casino, social gaming, lottery, bingo, sports betting, and fantasy sports. The sports betting segment is expected to expand at a considerable pace owing to the increase in number of sports following. Online casino and poker and lottery seems to be attractive owing to the increase in participation of consumers to earn rewards and offers. Rise in prevalence rate of online gambling is expected to boost social gaming, bingo, and fantasy sports over the next few years. The global online gambling & betting market by gaming type is expected to be dominant by sports betting during the forecast period.

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Geographically, the global online gambling & betting market is segmented into five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe was a leading the global market in 2018. However, Asia Pacific seem to be lucrative market for online gambling & betting industry. In addition, this has about 2/3rd of global population are inclining towards online gambling & betting with large portion of young population. Increase in number of participants in online gambling & betting site is expected to gain value in developing economies.

Global Online Gambling & Betting Market – Scope of the Report

Transparency Market Research’s recent report on the online gambling & betting market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the online gambling & betting market analyzes the scenario for the period 2019 - 2027, wherein 2018 is the base year and 2017 and earlier is historical data. The report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This TMR study on the online gambling & betting market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global Online Gambling & Betting market gives readers an individual understanding of the market.

The study discusses the underlying trends and impact of various factors that drive the global online gambling & betting market, along with their influence on the evolution of the market.

The study also offers Porter’s Five Force Analysis, value chain analysis, key trend analysis, and SWOT analysis of the global Online Gambling & Betting market in order to highlight the crucial growth tactics and opportunities for market players.

Key Questions Answered in This Report on the Online Gambling & Betting Market

  • How much revenue will the online gambling & betting market generate by the end of the forecast period?
  • What application online gambling & betting is likely to gain the maximum market share by 2027?
  • What regions currently contribute the maximum share to the overall online gambling & betting market?
  • What are the indicators expected to drive the global online gambling & betting market?
  • Which region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies incorporated by key stakeholders in the global online gambling & betting market to expand their geographical presence?
  • What are the major advancements witnessed in the global online gambling & betting market?

The report answers these questions and more about the global online gambling & betting market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Global Online Gambling & Betting Market – Research Methodology

The TMR report on the global online gambling & betting market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global online gambling & betting market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global online gambling & betting market arrive at predictions and estimations, and calculate the forecast for the market.

The report uses an analytical triangulation method to estimate the numbers and figures of the global online gambling & betting market with both bottom-up and top-down approaches.

The detailed assessment of the global online gambling & betting market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global online gambling & betting market is set to grow are based on carefully vetted primary and secondary sources.

Competitive Landscape

  • In this chapter, the report offers a dashboard view of the competition matrix of leading players in the global online gambling & betting market, along with structural analysis
  • The report includes the below mentioned pointers of major players operating in the online gambling & betting market:
    • Company Overview
    • Product Profiling
    • Product Innovation
    • Business Strategies/Recent Developments
      • Technological Advancements
      • Key Mergers & Acquisitions
      • Expansion Strategies
    • Company Financials

Some of the Key Players Covered Under the Scope Include:

  • 888 Holdings plc.
  • Kindred Group
  • The Stars Group,
  • Betfred Ltd
  • Fortuna Entertainment Group
  • The Betway Group
  • Paddy Power Betfair plc
  • BETSSON AB
  • GVC Holdings Plc.
  • William Hill plc

Market Segmentation/Research Scope

By Gaming Type

  • Poker
  • Casino
  • Social Gaming
  • Lottery
  • Bingo
  • Sports Betting
  • Fantasy Sports

By Device Type

  • Desktop
  • Mobile
  • Tab

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • Latin America

Global Online Gambling & Betting Market - Segmentation

The report on the global online gambling & betting market provides information on the basis of gaming type, device type, and region.

Gaming Type

Device Type

Region

Poker

Desktop

North America

Casino

Mobile

Europe

Social Gaming

Tab

Asia Pacific

Lottery

 

Middle East & Africa

Bingo

 

Latin America

Sports Betting

 

 

Fantasy Sports

 

 

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