Online Gambling & Betting Market – Snapshot

Online gambling and betting consists of gambling and betting games such as poker, casino, sports betting, and lottery which are played through digital platforms. Participation in online gambling & betting helps end-users to witness gambling and betting activities in real-time through their Internet-based devices. The online gambling and betting market is expected to witness a rapid growth rate during the forecast period due to regulatory environment, which in turn is expected to propel the global market across the globe. The global online gambling & betting market is anticipated to expand at a rapid pace during the forecast period. Moreover, increase in prevalence rate of gambling, rise in disposable income of consumers, trust in the mode of online gambling and betting, growth in penetration rate of Internet, and adoption of Internet-based devices are major factors driving the online gambling & betting market. The global online gambling & betting market is forecasted to expand at a CAGR of 11.8% from 2018 to 2026. It is estimated to reach a value of US$ 128.2 Bn by 2026.

Over the last few years, Key operators of online gambling & betting have changed their business models in order to incorporate changes as per demand and regulations. Relaxation of laws for online gambling & betting across the globe provides new opportunities for internet based gambling & betting operating players to generate revenue. Major online gambling & betting players are involved in the business of innovative game development along with online transaction services. 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., and Kindred Group.

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The global online gambling & betting market is segmented on the basis of gaming type, device type, and region. According to 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.

In terms 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 2017. However, the mobile segment is expected to be attractive due to the increase in adoption of smartphones by consumers. In terms of value, the mobile segment is projected to expand at a CAGR of around 16 % during the forecast period.

In terms of geography, the global online gambling & betting market is divide into five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe was a leading the global market in 2017. However, the market in Asia Pacific is anticipated to expand at a CAGR of around 14% during the forecast period. Relaxation of laws, growth in the number of Internet users, and availability of gambling & betting sites with attractive offers are key drivers of the online gambling & betting market in Asia Pacific. Additionally, increase in penetration rate of internet-based devices and trust on online gambling & betting sites are propelling the market. However, the market in Europe is anticipated to expand at a substantial pace during the forecast period. The market in North America has major potential for online gambling & betting. In terms of value, the market in this region is anticipated to expand at a CAGR of around 12% during the forecast period.

Online Gambling & Betting Market – Overview

This report on the global Online Gambling & Betting Market provides analysis of the market for the period of 2018–2026, wherein 2017 is considered as the base year. Data from 2012-2016 has been included as historical information. The report covers market dynamics, including drivers, restraints, and opportunities expected to influence the global Online Gambling & Betting Market during the forecast period. Global and regional trends playing a major role in driving the global Online Gambling & Betting Market have also been covered in the study. The report provides a comprehensive growth analysis of the market throughout the forecast period, in terms of revenue estimates (in US$ Bn), across geographies.

The Online Gambling & Betting Market has been segregated into gaming type, device type, and geography. The global Online Gambling & Betting Market, based on gaming type, has been classified into poker, casino, lottery, social gaming, bingo, sports betting, and fantasy sports. In terms of device type, the Online Gambling & Betting Market has been divided into desktop, mobile, and tab. Based on geography, the report classifies the global Online Gambling & Betting Market into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The regions are analyzed in terms of revenue generation. Furthermore, region-wise prominent countries covered in the report include the following – the U.S., Canada, the U.K., France, Germany, China, Taiwan, Japan, India, Thailand, Vietnam, the Philippines, Singapore, Malaysia, Cambodia, GCC Countries, South Africa, and Brazil.

The report also includes the evolution of the online gambling & betting industry we have provided Porter’s Five Forces analysis which identifies bargaining power of suppliers and buyers, threat from new entrants, threat from substitutes, and threat from competition in the Online Gambling & Betting Market. Value chain analysis which identifies the key stakeholders in the Online Gambling & Betting Market is also covered in the report. Furthermore, policies and regulations aiding the Online Gambling & Betting Market are also covered.

The report also comprises market attractiveness analysis and market positioning of the key players for all the regions covered in the scope of the study. Market attractiveness analysis identifies and compares attractiveness of different segments in the market, on the basis of CAGR and market share index, across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The report also contains competition landscape which includes competition matrix, market share analysis of major players in the global Online Gambling & Betting Market based on their revenue of 2017. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors, such as, market positioning, product offerings, and R&D focus are attributed to capabilities of a company, while factors, including top line growth, segment growth, market share, infrastructure facilities, and future outlook are attributed to the company’s potential to grow.

Company profiling includes company overview, major business strategies adopted, and market revenue for 2015 to 2017. Leading players operating in the Online Gambling & Betting Market include 888 Holdings plc. The Stars Group, Fortuna Entertainment Group, Paddy Power Betfair plc., GVC Holdings Plc., and Kindred Group, as profiled in this report.    
The global Online Gambling & Betting Market has been segmented as below:

By Gaming Type

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

By Device Type

  • Desktop
  • Mobile
  • Tab

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
.