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Market Snapshot

CAGR:9.17

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.17

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Report Overview

The Online Gambling and Betting Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 6.82% between 2022 and 2032. The market is anticipated to witness an increase in size by USD 25,674.89 million. Several factors contribute to this growth, including the widespread adoption of digital technology, changing consumer preferences, and the increasing legalization and regulation of online gambling and betting activities. Online gambling and betting encompass various forms of wagering and gaming activities conducted over the internet, offering convenience and accessibility to users.

Online Gambling and Betting Market Overview:

Drivers:

One of the primary drivers of the online gambling and betting market growth is the rapid digitization of the gambling industry. The shift towards online platforms has expanded the reach of gambling and betting activities, enabling users to participate from the comfort of their homes or via mobile devices. This convenience factor, along with the availability of a wide range of games and betting options, has significantly contributed to the market's expansion.

Moreover, the increasing legalization and regulation of online gambling and betting activities in various regions have attracted both users and operators to participate in the industry. As more countries embrace legal frameworks for online gambling, it leads to enhanced consumer protection and fosters a safer and more transparent environment for participants.

Trends:

The integration of blockchain technology in online gambling and betting platforms is a pivotal trend shaping the market's growth. Blockchain enhances transparency, security, and fairness in gambling transactions. Smart contracts on blockchain platforms enable tamper-proof execution of bets, payouts, and other processes, providing users with a higher level of trust in the system.

Furthermore, the rise of virtual reality (VR) and augmented reality (AR) technologies is transforming the user experience in online gambling and betting. These technologies offer immersive and interactive environments, enhancing engagement and making the gaming experience more enjoyable and realistic.

Restraints:

One of the key challenges faced by the online gambling and betting market is the potential for addiction and its associated social and regulatory concerns. The easy accessibility of online gambling platforms could lead to compulsive behaviors, and addressing these issues requires responsible gaming initiatives, robust age verification systems, and effective player support services.

Additionally, regulatory variations across different regions can create complexities for operators and users. Navigating a diverse landscape of regulations and compliance requirements can pose hurdles for market growth.

Online Gambling and Betting Market Segmentation by Type: The online casino segment is projected to witness significant growth during the forecast period. Online casinos offer a variety of games, including slots, table games, and live dealer experiences, replicating the thrill of traditional casinos in a virtual environment. The convenience of accessing these games from anywhere and at any time is driving the popularity of online casinos.

Online Gambling and Betting Market Segmentation by Region: Europe is anticipated to contribute significantly to the growth of the global online gambling and betting market. The region has witnessed widespread legalization and regulation of online gambling activities, with countries like the United Kingdom and Malta serving as hubs for online gambling operators. Additionally, a high level of internet penetration and a tech-savvy population further drive the adoption of online gambling and betting platforms in Europe.

The COVID-19 pandemic, which emerged in 2020, had mixed effects on the online gambling and betting market. While the closure of physical gambling establishments led to an increased reliance on online platforms, economic uncertainties in some regions affected consumer spending on recreational activities, including gambling.

Online Gambling and Betting Market Customer Landscape: The industry report provides insights into the customer journey in the online gambling and betting market, ranging from early adopters to more cautious users. It examines factors influencing user preferences and decision-making processes, helping companies refine their strategies to cater to different segments.

Major Online Gambling and Betting Market Companies: Companies in the online gambling and betting market are employing diverse strategies such as partnerships, acquisitions, new product launches, and geographical expansion to strengthen their presence.

Bet365 Group Ltd.
GVC Holdings PLC
Flutter Entertainment PLC
Kindred Group PLC
888 Holdings PLC
William Hill PLC
The Stars Group Inc.
Paddy Power Betfair PLC
DraftKings Inc.
FanDuel Group
MGM Resorts International
Caesars Entertainment Corporation
Golden Nugget Online Gaming Inc.
Betway Group
Playtech PLC

Qualitative and quantitative analysis of these companies sheds light on their market positioning and competitiveness.

Segment Overview:

The report provides revenue forecasts for the global online gambling and betting market at the global, regional, and country levels, along with an analysis of trends and growth opportunities from 2019 to 2032.

Type Outlook (USD Million, 2019 - 2032)

Online Casino
Sports Betting
Poker
Lottery
Bingo
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina

Middle East & Africa

South Africa
Rest of the Middle East & Africa

TABLE OF CONTENTS: GLOBAL ONLINE GAMBLING AND BETTING MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. ONLINE GAMBLING AND BETTING MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Online Gambling and Betting Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. ONLINE GAMBLING AND BETTING MARKET BY Gaming Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Poker

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Casino

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Lottery

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5. Bingo

5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.6. Sports Betting

5.6.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.6.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. ONLINE GAMBLING AND BETTING MARKET BY Device Type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Desktop

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Mobile

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. ONLINE GAMBLING AND BETTING MARKET REGIONAL OUTLOOK

7.1. Online Gambling and Betting Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Online Gambling and Betting Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Online Gambling and Betting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Online Gambling and Betting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Online Gambling and Betting Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Online Gambling and Betting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. 888 Holdings

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. GVC Holdings

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Kindred Group

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Paddy Power

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Betfair

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. William Hill

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Bet365

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Stars Group

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Draft Kings

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Betsson

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Online Gambling And Betting Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032